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6716 MacArthur Blvd
Oakland, CA 94605
7.3% CAP, 8.% Cash on Cash, 8.8 GRM, 4% LOAN! · Multifamily Property For Sale
·
9 Units
Investment Highlights
- Existing first loan with First Republic Bank of $877,000 @ 4% payable monthly $4,711.75,due date 2028, buyer may take “subject to” if they elect to do
- Existing Cash on Cash Return with Existing Loan 8.1%
- Existing Gross Rent Multiplier 8.8 Market Gross Rent Multiplier 5.76
- Existing Cap 7.3%, Market Cap 13.4%
- Market Cash on Cash Return with Existing Loan 21%
- 44% Upside in the Rents
Property Facts
| No. Units | 9 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 6,840 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built | 1949 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 6,840 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1949 |
Amenities
Unit Amenities
- Cable Ready
- Refrigerator
- Double Pane Windows
- Vinyl Flooring
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 750 |
| 2+1 | 8 | - | 800 |
Property Taxes
| Parcel Number | 037A-2755-023-02 | Improvements Assessment | $1,035,504 |
| Land Assessment | $443,700 | Total Assessment | $1,479,204 |
Property Taxes
Parcel Number
037A-2755-023-02
Land Assessment
$443,700
Improvements Assessment
$1,035,504
Total Assessment
$1,479,204
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