25
See all 25 photos
$895,000
Est. payment /mo
4,226 SqFt
New
8016 Macarthur Blvd Oakland, CA 94605
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Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,226 sqft
Price per Sqft $211
Subdivision Oakland Hills
MLS Listing ID 41118514
HOA Y/N No
Year Built 1938
Lot Size 9,998 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
Showing: Thursday 12/4 12:00-1:00pm. 6-unit mixed-use building with excellent current income with a current cap rate of 12.49% and a current GRM of 5.70! 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 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.
Location
State CA
County Alameda
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Building
Lot Description Other
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