Description
This building is 53,000 square feet and sits on a 91,000 square foot lot. This very nostalgic 3 story property is located at 6638-6646 MacArthur Blvd in Oakland California. The 81-unit apartment complex near Mills College is on 2 separate parcels and features 55 one-bedroom apartments, 23 two-bedroom apartments, 2 three bedroom apartments and 1 four-bedroom apt. Approximately 126 parking spaces, managers office, 3 laundry rooms, automatic auto security gate and surveillance cameras. The apartments have a master water meter, individual gas and electric meters. The construction of the building is stucco over wood. There remains 34% upside in the existing rents for new ownership to take advantage of. Most of the apartments have been remodeled in the last 4 years. The property was built in 1958 and 1966 in a contemporary style. The parking lot has been recently resurfaced, and all of the windows have been replaced. All buildings have a brand new GAF roof with a lifetime warranty against any roof leaks or repairs. With 34% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market.
School Ratings & Info
Description
This building is 53,000 square feet and sits on a 91,000 square foot lot. This very nostalgic 3 story property is located at 6638-6646 MacArthur Blvd in Oakland California. The 81-unit apartment complex near Mills College is on 2 separate parcels and features 55 one-bedroom apartments, 23 two-bedroom apartments, 2 three bedroom apartments and 1 four-bedroom apt. Approximately 126 parking spaces, managers office, 3 laundry rooms, automatic auto security gate and surveillance cameras. The apartments have a master water meter, individual gas and electric meters. The construction of the building is stucco over wood. There remains 34% upside in the existing rents for new ownership to take advantage of. Most of the apartments have been remodeled in the last 4 years. The property was built in 1958 and 1966 in a contemporary style. The parking lot has been recently resurfaced, and all of the windows have been replaced. All buildings have a brand new GAF roof with a lifetime warranty against any roof leaks or repairs. With 34% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T13:35:38.167. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.