1251 Macarthur Blvd, Oakland, CA 94610
1251 Macarthur Blvd, Oakland, CA 94610
1251 Macarthur Blvd, Oakland, CA 94610
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by David Howarth, DRE #01360348 • The Pinza Group, Inc
$1,195,000
Est. payment /mo
7 Beds
4 Baths
4,236 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,236 sqft

Price per Sqft $282

MLS Listing ID EB41138117

Bedrooms 7

Year Built 1915

Lot Size 5,200 Sqft

Property Sub-Type Fourplex

Source Bridge MLS

Property Description

$50,000 price reduction! www.1251MacArthur.com; 4-unit apartment complex with excellent cash flow in a high demand rental location near Lake Merritt. The current cap rate is 7.29% and the current GRM is 9.96! The property is 100% occupied and offers an ideal unit mix of one 3bd/2bth unit and three 2bd/1bth units.  The property was originally built in 1915, offers approximately 4,236 square feet of rental space, and sits on a 5,200 square foot lot with ample room for parking.  The units have been fully remodeled and offer new kitchens and bathrooms with new cabinets, stainless steel appliances, custom tile, wood floors, double pane windows, new paint, new lighting, and more. There are two separate buildings with a unique layout providing maximum space and privacy where each unit feels like it's own separate home.  The two back units offer two levels and a nice townhome feel with bedrooms on the second level.  The property is easy to manage and separately metered for PG&E providing for low annual operating expenses.  The exterior and interior are in great condition with little deferred maintenance resulting in an attractive turn-key investment. The property is close to Lake Merritt with easy access to HWY 580 and the Grand Lake, Lower Dimond, and Laurel shopping districts. There a

Location

State CA

County Alameda

Area Oakland Zip Code 94610

Interior

Heating Other

Cooling Other

Flooring Other

Laundry Other

Exterior

Exterior Feature Other

Parking Features Other

Garage Spaces 4.0

Building

Lot Description Other

Others

Tax ID 23-481-15

Special Listing Condition Price Change, Not Applicable

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Sharad Gupta
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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1251 Macarthur Blvd

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