6638-6646 MacArthur Blvd | Oakland, CA 94605
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- LoopNet Team
6638-6646 MacArthur Blvd
Oakland, CA 94605
8% CAP, 16.5% $ on $, 3.1% LOAN · Multifamily Property For Sale · 81 Units
Investment Highlights
- $10,500,000 LOAN AT 3.1% INTEREST ONLY DUE IN DECEMBER 2031 CURRENTLY AT FIRST REPUBLIC BANK. BUYER MAY TAKE “SUBJECT TO” IF THEY ELECT TO DO SO.
- Existing Cash on Cash Return with Existing Loan 16.5%
- 34% Upside in the Rents
- Existing Cap 8%, Market Cap 12%
- Existing Gross Rent Multiplier 9.2 Market Gross Rent Multiplier 6.6
- No deferred maintenance - Easy Management
PROPERTY FACTS
| No. Units | 81 | Building Size | 28,630 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 | 2/1,000 SF |
| Lot Size | 2.08 AC |
| No. Units | 81 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.08 AC |
| Building Size | 28,630 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built/Renovated | 1958/1960 |
| Parking Ratio | 2/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Oven
- Tub/Shower
- Freezer
- Quartz Countertops
Site Amenities
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Security System
- Gated
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 | $3,244,444 | |
| Land Assessment | $1,394,984 | Total Assessment | $4,663,011 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,394,984
Improvements Assessment
$3,244,444
Total Assessment
$4,663,011
zoning
| Zoning Code | R-70, Oakland (Multifamily Residential) |
| R-70, Oakland (Multifamily Residential) |
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