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Listed by Mairaj Din • Transwestern Property Co.
$ 3,000,000
Est. payment /mo
New
273 MacArthur Blvd Oakland, CA 95610
10,000 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41108670
Year Built 1959
Lot Size 10,000 Sqft
Property Sub-Type Apartment
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
Interior
Heating Wall Furnace, See Remarks
Exterior
Parking Features Gated