8016 Macarthur Blvd, Oakland, CA 94605

Sqft
4,226

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Listed byThe Pinza Group, Inc
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Overview

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

Full feature list

Basic info

Property type
Multi-family
Square feet
4,226
Lot size (acres)
0.23
Year built
1938

Interior features

Basement
Yes

Utilities

Heating
Other
Cooling
Other
Sewer
Public Sewer
Water
Public Water

Public schools

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Sourced from: Bay East Association of REALTORS MLS®#: 41118514 Last checked:

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