1,100+ Square Foot Avg Unit Size | 3701 Maybelle Ave
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1,100+ Square Foot Avg Unit Size 3701 Maybelle Ave
8 Unit Apartment Building $1,950,000 ($243,750/Unit) 6.63% Cap Rate Oakland, CA 94619
Investment Highlights
- Well-balanced unit mix, including five spacious 2bd/1ba units, one 2bd/1.5ba unit, one 3bd/2ba unit, and one 3bd/1.5ba unit
- Tenants benefit from additional storage lockers, an on-site laundry facility, and a secure mail room
- Strong in-place cash flow with significant rental upside, offering a potential 20%+ increase in income
- Ample parking is provided with six surface spaces plus four secured garage spots
- Improvements include energy-efficient vinyl windows and a partial roof replacement
- Desirable Redwood Heights location, just two blocks from MacArthur Blvd offering endless dining and retail options
Executive Summary
The Mitchell Warren Team is pleased to present 3701 Maybelle Ave, a well-maintained 8-unit multi-family property located in the sought-after Redwood Heights neighborhood of Oakland. This building presents a fantastic investment opportunity, offering a diverse mix of large 2-bedroom and 3-bedroom units. The property consists of five 2-bedroom, 1-bath units; one 2-bedroom, 1.5-bath unit; one 3-bedroom, 2-bath unit; and one 3-bedroom, 1.5-bath unit. The property also includes generous parking options, including a large parking area in the rear and four garage spaces, ensuring convenience for tenants. Additional amenities include on-site storage, a secure mailroom, and a shared laundry area. This is a rare opportunity to acquire a well-located turnkey asset with excellent day-1 cash flow.
Nestled in the highly sought-after Redwood Heights neighborhood, this property enjoys a prime location with easy access to local parks, top-rated schools, shopping centers, and major transportation routes, including Highways 13 and 580. The area is renowned for its peaceful, residential ambiance, offering a suburban feel while remaining well-connected to the best amenities in the East Bay. Just steps away from the vibrant Laurel District, residents can enjoy a variety of trendy restaurants, cafes, and shops, providing everyday convenience and a lively atmosphere. The property is also ideally situated just 0.8 miles from Northeastern University and under a 10-minute drive to Merritt College, making it a great location for students and faculty alike.
Nestled in the highly sought-after Redwood Heights neighborhood, this property enjoys a prime location with easy access to local parks, top-rated schools, shopping centers, and major transportation routes, including Highways 13 and 580. The area is renowned for its peaceful, residential ambiance, offering a suburban feel while remaining well-connected to the best amenities in the East Bay. Just steps away from the vibrant Laurel District, residents can enjoy a variety of trendy restaurants, cafes, and shops, providing everyday convenience and a lively atmosphere. The property is also ideally situated just 0.8 miles from Northeastern University and under a 10-minute drive to Merritt College, making it a great location for students and faculty alike.
Property Facts
Unit Amenities
- Dishwasher
- Storage Space
- Tile Floors
- Hardwood Floors
- Carpet
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
| 2+1.5 | 1 | - | - |
| 3+1.5 | 1 | - | - |
| 3+2 | 1 | - | - |
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Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 030-1929-005-02 | Improvements Assessment | $1,409,187 |
| Land Assessment | $471,300 | Total Assessment | $1,880,487 |
PROPERTY TAXES
Parcel Number
030-1929-005-02
Land Assessment
$471,300
Improvements Assessment
$1,409,187
Total Assessment
$1,880,487
zoning
| Zoning Code | N/Av Alameda |
| N/Av Alameda |
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1,100+ Square Foot Avg Unit Size | 3701 Maybelle Ave
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