Comm Ri Multi-units 5+ For Sale
5,901 Sqft - 1285 Macarthur Blvd, OAKLAND, California 94610
Property Description
Price just reduced and income just increased by $5,800/year for this 8 unit apartment building with seven 1 bedroom units and one 2 bedroom unit. Built in 1965, the building is well maintained with most units remodeled and updated. Excellent rental income with relatively low expenses, separately metered for PG&E. 4 garages and 3 carport spaces. Some low rents allow for added upside potential in this very popular neighborhood next to Highland Park district. Now a 5.5% cap rate!
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40831154
Price : $2,695,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 5,901 Sqft
Year Built : 1965
Lot Area : 0.14 Sqft
Features
Heating System : Gas, Wall Furnace
View : Other
Roof : Other
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94610
Street : Macarthur Blvd
Street Number : 1285
Floor Number : 0
Longitude : W123° 46' 5.1''
Latitude : N37° 48' 8.4''
MLS Addon
Office Name : COLDWELL BANKER REALTY
Building Type : Lowrise (1-3 Flrs)
Area : Oakland Zip Code 94610
Address : 1285 Macarthur Blvd
Cross Street : Park Blvd
Directions to Property : Park Blvd to MacArthur
LA1User Code : R108456
LA1Agent First Name : Kim
LA1Agent Last Name : Marienthal
Status Category : Sold
Tot # Parking Spaces : 7
Tot # of Units : 8
List $/SqFt : $457
Age : 53
Apx Lot Sq Ft : 6,000 Sqft
Type of Building : Apt Complex
Annual Taxes : $39,282
Total Deposits : $0
ADDTL FEATURES MISC. : Balcony/patio, Wired For Cable Tv
ALL UNITS HAVE : Oven Range Free Standing, Refrigerator
EQUIPMENT ADDITIONAL : Dryer, Washer, Water Heater Gas
EXTERIOR : Stucco, Wood Frame
FLOORING : Linoleum
LOT DESCRIPTION : Level, Regular, Corner
ON-SITE PARKING DESC : Attached Garage, Carports - 2 Or More, Covered Parking, Enclosed Garage, Garage Parking
OPERATING EXPENSES : Gas, Insurance, Maintenance/repair, Property Tax/assessments, Trash Removal, Utilities, Vacancy Factor, Water
SEPARATE METERS : Electric, Gas
SOME UNITS HAVE : Patio, Updated Baths, Updated Kitchen, Deck
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
ENERGY SAVING FEATURE : Other
LAUNDRY : Community Facility, In Laundry Room, Dryer, Washer, Coin Operated, Laundry Equip - Leased
Census Tract : 4056/1
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Arm
Other Loans (Y/N) : No
1st Loan Balance : $4,200
2nd Loan Balance : $202,045
Tot Other Loans : $6,000
Financial Data Verif(Y/N) : 5.41
FINANCIAL DATA SOURCE : Owner, Projected
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $2,775,000
Sold Price : $2,570,000
Previous Price : $2,775,000
Sale $/SqFt : $0
