6638-6646 MacArthur Blvd | Oakland, CA 94605
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- LoopNet Team
6638-6646 MacArthur Blvd
Oakland, CA 94605
DESPERATE/MUST SELL - MOTIVATED SELLER · Multifamily Property For Sale
·
81 Units
INVESTMENT HIGHLIGHTS
- American Liberty Investments is pleased to present 6638-6636 MacArthur Blvd at $837,000 of Net, Net, Net positive cash flow.
- Presented with a 3.1% existing loan in place with eight years left.
- There is a 7.5% existing CapRate, 12% market CapRate.
- Presented to the market with a motivated seller | desperate/must sell.
- There is existing cash-on-cash return with the existing loan 17%.
- Open to trading for apartment units 2-15 in size anywhere in California.
PROPERTY FACTS
| No. Units | 81 | Building Size | 53,000 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1958/1960 |
| Building Class | B | Parking Ratio | 2.38/1,000 SF |
| Lot Size | 2.09 AC | ||
| Zoning | R-70, Oakland - Multifamily Residential | ||
| No. Units | 81 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.09 AC |
| Building Size | 53,000 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built/Renovated | 1958/1960 |
| Parking Ratio | 2.38/1,000 SF |
| Zoning | R-70, Oakland - Multifamily Residential |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Security System
- Gated
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 55 | - | 400 - 450 |
| 2+1 | 23 | - | 550 |
| 2+2 | 2 | - | 650 |
| 3+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,309,311 | |
| Land Assessment | $1,422,874 | Total Assessment | $4,755,768 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,422,874
Improvements Assessment
$3,309,311
Total Assessment
$4,755,768
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