8016 Macarthur Blvd, Oakland, CA 94605
8016 Macarthur Blvd, Oakland, CA 94605
8016 Macarthur Blvd, Oakland, CA 94605
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$895,000
Est. payment /mo
9,997 Sqft Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Oakland Hills

MLS Listing ID 41118514

HOA Y/N No

Year Built 1938

Lot Size 9,997 Sqft

Property Description

6-unit mixed-use building with excellent current income with a current cap rate of 12.49% and a current GRM of 5.70! The property offers two retail units in the front building and four residential units in the rear building. The property was built in 1938, offers 4,225 square feet of rental space, and sits on an oversized 9,998 square foot lot with a huge backyard and ample parking. The front retail units have two tenants but can be delivered vacant at closing. The rear building offers one 4bd/2bth unit, one 3bd/1bth unit, and two 2bd/1bth units. The backyard is huge and offers the potential for expansion or ADU development. The units are large and offer a variety of upgrades including newer kitchens and bathrooms, double pane windows, a newer roof, newer flooring, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The tenants are nice, cooperative, and easy to manage making this an ideal property for an investor seeking max income or an owner-occupant seeking a variety of options with unbeatable cash flow to offset the mortgage.

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Exterior

Total Parking Spaces 6

Others

Tax ID 40A342215

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Listed by David Howarth The Pinza Group, Inc #01360348

Nearby Locations

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate | License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA, 93036, USA

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8016 Macarthur Blvd

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