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Kelly Klingler
Kelly Klingler
Wells & Bennett Realtors
Oakland, CA 94602

925-550-9540
Contact Me

Contact Me





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Listing 8 out of 500
Open House Thursday Aug 22, 12pm–1pm
$5,750,000 For Sale

281 Macarthur Blvd
Oakland, CA 94610

19 units | Multi Family Home
10019 sq ft lot - MLS# 40877999
Property Photo
1/12

Description

281 MacArthur Blvd is a 19-unit apartment building conveniently located in Oakland's highly coveted Adam's Point Neighborhood. Delivered to investors and 1031 Exchange buyers, this ±15,600 SF, asset was built in 1964 and is comprised of 19 X Two-Bedroom, One-Bathroom units. The property also features an on-site laundry facility and a secured parking garage that contains 17 parking spaces with an additional 2 uncovered parking spaces outside the garage. With in-place rents that are roughly 37% below market rate, there is potential to increase the property's NOI by more than 100%.

Open House

  • Thursday Aug 22, 12pm–1pm

Features

  • Property Type: Multi Family Home
  • Sub Type: Midrise (4-6 Flrs)
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94610
  • Year Built: 1964
  • Age: 55
  • Sq.Ft.: 15,600 sq ft
  • Units: 19 units
  • # of Parking Spaces: 19
  • Lot Size: 10019 sq ft lot
  • Accessibility: Elevator, Other
  • Open House: 08-22-2019 12:00 PM - 1:00 PM
  • View: Bay, Bay Bridge, City Lights, Downtown, Golden Gate Bridge, Hills
  • Addtl Features Misc.: Balcony/Patio, Elevator, Extra Storage, Other
  • All Units Have: Disposal, Patio, Oven Range Free Standing, Refrigerator, Other
  • Apx Lot Sq Ft: 10000
  • Cooling: Ceiling Fan(S), Other
  • Equipment Additional: Dryer, Fire Alarm System, Garage Door Opener, Washer, Water Heater Gas, Other
  • Exterior: Concrete, Concrete Block, Stucco, Wood Frame, Other
  • Flooring: Tile, Carpet, Other, Engineered Wood
  • Gross Oper Actual Inc: 433300
  • Heating: Gas, Wall Furnace
  • Laundry: Coin Operated, Dryer, In Laundry Room, Laundry Equip - Leased, Washer
  • Lot Description: Regular, Other
  • Net Oper Income: $238,399
  • On-Site Parking Desc: Covered Parking, Enclosed Garage, Garage Parking, Security Garage, Space Per Unit - 1, Other
  • Operating Expenses: Electric, Gas, Insurance, Janitorial, License/Ads, Maintenance/Repair, Management, Miscellaneous/Other, Property Tax/Assessments, Trash Removal, Utilities, Vacancy Factor, Water, Other
  • Roof: Tar And Gravel
  • Separate Meters: Electric, Gas
  • Some Units Have: Deck, Dishwasher, Disposal, Patio, Updated Baths, Updated Kitchen, Oven Range Free Standing, Refrigerator, Other
  • Tenant Pays: Electric, Gas, Parking, Other
  • Unit # 1 # Of Bathrooms: 1
  • Unit # 1 # Of Bedrooms: 2
  • Unit # 2 # Of Bathrooms: 1
  • Unit # 2 # Of Bedrooms: 2
  • Unit 1 # Units This Type?: 4
  • Unit 2 # Units This Type?: 15
  • Water/Sewer: Sewer System - Public, Water - Public
Courtesy of Cbre, Keith Manson



Kelly Klingler | CA DRE# 01052191 | 925-550-9540 | Contact Me
1451 Leimert Blvd. - Oakland, CA 94602
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