6638-6646 MacArthur Blvd | Oakland, CA 94605
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- LoopNet Team
6638-6646 MacArthur Blvd
Oakland, CA 94605
Deep Discount Year End Close! 7% CAP · Multifamily Property For Sale
·
81 Units
INVESTMENT HIGHLIGHTS
- $10,500,000 LOAN AT 3.1% INTEREST ONLY DUE IN DECEMBER 2031 CURRENTLY AT FIRST REPUBLIC BANK
- Existing Cap 7%, Market Cap 12%
- Market Cash on Cash Return with Existing Loan 28%
- 34% Upside in the Rents
- Existing Cash on Cash Return with Existing Loan 14%
- Existing Gross Rent Multiplier 9.8 Market Gross Rent Multiplier 6.6
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Security System
- Gated
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 54 | - | - |
| 2+1 | 18 | - | - |
| 2+2 | 6 | - | - |
| 3+2 | 2 | - | - |
| 4+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,309,311 | |
| Land Assessment | $1,422,874 | Total Assessment | $4,755,768 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,422,874
Improvements Assessment
$3,309,311
Total Assessment
$4,755,768
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