8656 MacArthur Blvd | Oakland, CA 94605
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- LoopNet Team
8656 MacArthur Blvd
Oakland, CA 94605
Multifamily Property For Sale
·
20 Units
Investment Highlights
- Extensively remodeled 20 Unit building for sale in Oakland’s Castlemont neighborhood
- Extensive capital improvements made in the past 3 years including: New Exterior Paint and Stucco, Fully remodeled 18 of the 20 units, etc.
- 8 units delivered vacant
- In place 6.45% CAP Rate / 9.82 GRM on current rents
- Great opportunity to acquire a turn key property with a strong cash on cash return
- Upside left with a projected 8.14% Market CAP Rate / 8.54 GRM while accounting for $200k in additional rehab costs
Property Facts
| No. Units | 20 | Building Size | 14,400 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/2020 |
| Building Class | C | Parking Ratio | 1.39/1,000 SF |
| Lot Size | 0.22 AC | ||
| Zoning | R-50, Oakland | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 14,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2020 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | R-50, Oakland |
Amenities
Unit Amenities
- Granite Countertops
- Refrigerator
- Range
- Carpet
- Smoke Free
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
| 2+1 | 4 | - | - |
Property Taxes
| Parcel Number | 043A-4639-021-01 | Improvements Assessment | $1,563,350 |
| Land Assessment | $682,686 | Total Assessment | $2,246,036 |
Property Taxes
Parcel Number
043A-4639-021-01
Land Assessment
$682,686
Improvements Assessment
$1,563,350
Total Assessment
$2,246,036
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