Description
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 6 garage parking spaces 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.
School Ratings & Info
Description
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 6 garage parking spaces 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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T18:37:03.64. 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.