7000-7004 Macarthur Blvd | Oakland, CA 94605
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- LoopNet Team
7000-7004 Macarthur Blvd
Oakland, CA 94605
Fully-Occupied Complex with Additional Income · Multifamily Property For Sale
·
36 Units
Investment Highlights
- 7000-7004 is a two-building, 36-unit, fully occupied complex with an ancillary income from the on-site laundry machines.
- This income-generating investment offers a 40% upside in rents allowing increases to boost cash flow, an on-site property manager, and recent CapEx.
- Within 2 miles, 51% of households are renter-occupied, and 79% are one- and two-person occupied, synchronizing with the asset’s capabilities.
- Situated among Oakland’s Opportunity Zone, the complex is approximately 1 mile from Mills College at Northeastern University campus and I-580.
- The unit mix consists of 14 one-bed and one-bath units and 22 two-bed and one-bath units with an average unit size of 672 SF.
Property Facts
| Sale Condition | Auction Sale | Lot Size | 0.81 AC |
| Type of Ownership | Fee Simple | Building Size | 25,992 SF |
| No. Units | 36 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Low-Rise | Parking Ratio | 10/1,000 SF |
| Building Class | C | Parcel Number | 040A-3416-030-02 |
| Zoning | R-70, Oakland - Opportunity Zone | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 25,992 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 10/1,000 SF |
| Zoning | R-70, Oakland - Opportunity Zone |
| Parcel Number | 040A-3416-030-02 |
Amenities
Unit Amenities
- Balcony
- Range
- Tub/Shower
- Views
- Carpet
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Gated
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