273 MacArthur Blvd Active Save Request In-Person Tour Request Virtual Tour
Oakland,CA 95610
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 13,851 sqft
Price per Sqft $216
MLS Listing ID BE41108670
Year Built 1959
Lot Size 10,000 Sqft
Property Sub-Type Five or More Units
Source Bay East
Property Description
Located in the vibrant and sought-after neighborhood of Adams Point, the property offers an outstanding investment opportunity with a spacious 20-unit apartment building. This centrally located property features 5 generously sized 2bd/1ba units and 15 1bd/1ba, each providing ample space for tenants to comfortably settle in. The property has been retrofitted with moment frames and is listed as compliant on the City of Oakland's soft story inventory list. Most of the vacant units require minor cosmetic and cleanup work to get them rent ready. However, they still offer the potential for interior upgrades, if the new owner chooses to do so. The property is situated in a prime location, benefiting from proximity to local amenities, public transportation, and major highways, ensuring strong tenant demand. Whether you're a seasoned investor or a first-time buyer, this property offers an excellent foundation for long-term growth and value creation. By modernizing the interiors, and doing some minor exterior work, there is potential to increase market rents substantially, making this an ideal opportunity for investors looking to maximize returns. Don't miss out on this exceptional chance to acquire a well-located, income-generating asset in Adams Point.
Location
State CA
County Alameda
Area Oakland Zip Code 94610
Interior
Heating Wall Furnace
Cooling Other
Flooring Linoleum,Carpet - Partial,Hardwood
Exterior
Exterior Feature Stucco
Parking Features Assigned Spaces,Parking Area
Garage Spaces 18.0
Roof Type Rolled Composition
Building
Sewer Sewer - Public
Others
Tax ID 10-785-6-1
Special Listing Condition Short Sale/ Subject to Lender