The subject property located at 6840 MacArthur Blvd, is a twelve-unit 2 story property conveniently in the Millsmont neighborhood of Oakland, CA. Constructed in 1957 the building is 7,226 square feet and sits on a 12,230 square foot lot with a total of 12 units. There are 8 garage parking spaces which can be convertedto 8 ADUS. Plus 7 additional off-street parking spaces available. There is also a laundry room available in the building for additional income. The plethora of on-site parking spaces provide peace of mind for residents. Although currently unused, a laundry room is available onsite for potential additional monthly income. There is a rod iron security gate at the parking area entrance and a gated pedestrian entrance to enter the complex. With 35% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market. The property is divided into two buildings: a ten-unit low-rise apartment building at the front of the property, and a duplex at the rear. The unit mix includes eleven (11) one bedroom, one bathroom unit plus (1) two-bedroom, one bathroom unit. Units feature electric stoves and gas wall heaters. Most units have been updated with tile floors in the living room and kitchen and carpet in the bedroom.
Property Type :
ResidentialIncome
County :
Alameda
Style :
ResidentialIncome
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ByOwner last updated this listing 05/21/2024 @ 07:53
MLS: 224001391
LISTED BY: Dhruv Goswamy, Dream Home Real Estate & Home Loans
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
