1251 Macarthur Blvd, Oakland, CA 94610
1251 Macarthur Blvd, Oakland, CA 94610
1251 Macarthur Blvd, Oakland, CA 94610
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Listed by David Howarth • The Pinza Group, Inc
$1,250,000
Est. payment /mo
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4,236 SqFt
New

1251 Macarthur Blvd Oakland, CA 94610

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Max Manatt

Max Manatt

+1(925) 980-3375

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,236 sqft

Price per Sqft $295

Subdivision Lake Merritt

MLS Listing ID 41138117

HOA Y/N No

Year Built 1915

Lot Size 5,200 Sqft

Property Sub-Type Quadruplex

Source Bridge AOR

Property Description

www.1251MacArthur.com; 4-unit apartment complex with excellent cash flow in a high demand rental location near Lake Merritt. The current cap rate is 6.91% and the current GRM is 10.42! The property is 100% occupied and offers an ideal unit mix of one 3bd/2bth unit and three 2bd/1bth units.  The property was originally built in 1915, offers approximately 4,236 square feet of rental space, and sits on a 5,200 square foot lot with ample room for parking.  The units have been fully remodeled and offer new kitchens and bathrooms with new cabinets, stainless steel appliances, custom tile, wood floors, double pane windows, new paint, new lighting, and more. There are two separate buildings with a unique layout providing maximum space and privacy where each unit feels like it's own separate home.  The two back units offer two levels and a nice townhome feel with bedrooms on the second level.  The property is easy to manage and separately metered for PG&E providing for low annual operating expenses.  The exterior and interior are in great condition with little deferred maintenance resulting in an attractive turn-key investment. The property is close to Lake Merritt with easy access to HWY 580 and the Grand Lake, Lower Dimond, and Laurel shopping districts. There are countless restaurants and coffee shops nearby with easy access to Downtown Oakland. BART, and other forms of public transportation.

Location

State CA

County Alameda

Interior

Heating Other

Cooling Other

Flooring Other

Fireplace No

Building

Lot Description Other

Water Public

Others

Special Listing Condition Standard

Bay East Association of Realtors
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Max Manatt

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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