281 Macarthur Blvd
Oakland, CA 94610
19-Unit Value-Add Apartment Building · Multifamily Property For Sale
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19 Units
Property Facts
| No. Units | 19 | Building Size | 20,574 SF |
| Property Type | Multifamily | Average Occupancy | 79% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 0.92/1,000 SF |
| Lot Size | 0.23 AC |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 20,574 SF |
| Average Occupancy | 79% |
| No. Stories | 4 |
| Year Built | 1964 |
| Parking Ratio | 0.92/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Carpet
- Deck
- Dining Room
- Family Room
- Freezer
- Linen Closet
- Pantry
- Patio
- Porch
Site Amenities
- Laundry Facilities
- Gated
- Gas Range
- Recycling
- Smoke Free
- Storage Space
- Elevator
About 281 MACARTHUR BLVD , OAKLAND, CA 94610
CBRE, Inc. is pleased to offer for sale, 281 MacArthur Blvd, a 19-unit apartment building conveniently located in Oakland’s highly coveted Adam’s Point Neighborhood. Delivered to investors and 1031 Exchange buyers, this ±15,600 Sq. Ft.*, asset was built in 1964 and is comprised of 19 X Two-Bedroom, One-Bathroom units. The property also features an on-site laundry facility and a secured parking garage that contains 17 parking spaces with an additional 2 uncovered parking spaces outside the garage. The Property currently has four vacant units providing an opportunity to complete unit upgrades and take advantage of current market rate rents in Oakland, one of the most expensive rental markets in the United States. With in-place rents that are roughly 37% below market rate, there is potential to increase the property’s NOI by more than 100%.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 19 | - | - |
Property Taxes
| Parcel Number | 010-0785-007-02 | Improvements Assessment | $4,092,800 |
| Land Assessment | $1,753,963 | Total Assessment | $5,846,763 |
Property Taxes
