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6-Units Mixed-Use - 12.49% Cap Rate 8016 MacArthur Blvd 6 Unit Apartment Building $895,000 ($149,167/Unit) 10.11% Cap Rate Oakland, CA 94605
Investment Highlights
- 6-unit Mixed-Use Investment - 100% Occupied with Great Tenants
- Attractive Unit Mix of One 4bd/2bth Unit, Two 3bd/1bth Units, Two 2bd/1bth Units, and One Studio Unit
- Updated Units with Newer Kitchens, Bathrooms, Flooring, Custom Fixtures, and Double Pane Windows
- Four Residential Units and Two Retail Units with Excellent Cash Flow
- Attractive Oakland Location Near Mills College with Easy Access to Downtown Oakland, San Leandro, HWY580, HWY880 and BART
Executive Summary
6-unit mixed-use building with excellent current income and a market-leading cap rate. The property offers two retail units in the front building and four residential units in the rear building. The property was built in 1938, offers 4,225 square feet of rental space, and sits on an oversized 9,998 square foot lot with a huge backyard and ample parking. The property is 100% occupied and all tenants are current on rent. The retail units include one 3bd/1bth unit and one studio/1bth unit. The tenant in the studio unit has a lease for $1,500 but is currently the property manager and handyman for the owner so he is receiving free rent. The rear building offers one 4bd/2bth unit, one 3bd/1bth unit, and two 2bd/1bth units. The backyard is HUGE and offers a few additional structures that can be used for storage, office space, or possible future ADUs. The units are large and offer a variety of upgrades including newer kitchens and bathrooms, double pane windows, a newer roof, newer flooring, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The tenants are nice, cooperative, and easy to manage making this an ideal property for an investor seeking max cash flow. This is one of the best blocks in East Oakland and rents fast when there are vacancies.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.
Property Facts
| Price | $895,000 | Apartment Style | Low-Rise |
| Price Per Unit | $149,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 10.11% | Building Size | 7,262 SF |
| Gross Rent Multiplier | 6.6 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1938 |
| Property Subtype | Apartment |
| Price | $895,000 |
| Price Per Unit | $149,167 |
| Sale Type | Investment |
| Cap Rate | 10.11% |
| Gross Rent Multiplier | 6.6 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,262 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1938 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | - | 925 |
| 3+1 | 2 | - | 750 |
| 2+1 | 1 | - | 650 |
| 2+1.5 | 1 | - | 650 |
| Studios | 1 | - | 500 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 040A-3422-015-00 | Improvements Assessment | $177,565 |
| Land Assessment | $355,131 | Total Assessment | $532,696 |
Property Taxes
Parcel Number
040A-3422-015-00
Land Assessment
$355,131
Improvements Assessment
$177,565
Total Assessment
$532,696
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6-Units Mixed-Use - 12.49% Cap Rate | 8016 MacArthur Blvd
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