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6-Unit Mixed Use with 12% Cap Rate! 8016 MacArthur Blvd 6 Unit Apartment Building $1,233,757 CAD ($205,626 CAD/Unit) 12.49% Cap Rate Oakland, CA 94605
INVESTMENT HIGHLIGHTS
- 6-unit Mixed-Use with 12.49% Cap Rate
- Attractive Unit Mix of One 4bd/2bth Unit, Two 3bd/1bth Units, Two 2bd/1bth Units, and One Studio Unit
- Attractive Oakland Location Near Mills College with Easy Access to Downtown Oakland, San Leandro, HWY580, HWY880 and BART
- Four Residential Units and Two Retail Units with Excellent Cash Flow
- Updated Units with Newer Kitchens, Bathrooms, Flooring, Custom Fixtures, and Double Pane Windows
EXECUTIVE SUMMARY
6-unit mixed-use building with excellent current income and a market-leading cap rate. The property offers two retail units in the front building and four residential units in the rear building. The property was built in 1938, offers 4,225 square feet of rental space, and sits on an oversized 9,998 square foot lot with a huge backyard and ample parking. The front retail units have two tenants but can be delivered vacant at closing. The rear building offers one 4bd/2bth unit, one 3bd/1bth unit, and two 2bd/1bth units. The 4bd/2bth unit is currently vacant and situated on the top, left side of the property. The backyard is huge and offers the potential for expansion or ADU development. The units are large and offer a variety of upgrades including newer kitchens and bathrooms, double pane windows, a newer roof, newer flooring, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The tenants are nice, cooperative, and easy to manage making this an ideal property for an investor seeking max income or an owner-occupant seeking a variety of options with unbeatable cash flow to offset the mortgage.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.
PROPERTY FACTS
| Price | $1,233,757 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $205,626 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 12.49% | Building Size | 7,262 SF |
| Gross Rent Multiplier | 5.7 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1938 |
| Property Subtype | Apartment |
| Price | $1,233,757 CAD |
| Price Per Unit | $205,626 CAD |
| Sale Type | Investment |
| Cap Rate | 12.49% |
| Gross Rent Multiplier | 5.7 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,262 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1938 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 1 | - | 925 |
| 3+1 | 2 | - | 750 |
| 2+1 | 1 | - | 650 |
| 2+1.5 | 1 | - | 650 |
| Studios | 1 | - | 500 |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 040A-3422-015-00 | Improvements Assessment | $244,773 CAD |
| Land Assessment | $489,548 CAD | Total Assessment | $734,321 CAD |
PROPERTY TAXES
Parcel Number
040A-3422-015-00
Land Assessment
$489,548 CAD
Improvements Assessment
$244,773 CAD
Total Assessment
$734,321 CAD
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6-Unit Mixed Use with 12% Cap Rate! | 8016 MacArthur Blvd
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