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Listing 8 out of 200
$6,120,000 For Sale

7004 Macarthur Blvd
Oakland, CA 94605

36 units | Multi Family Home
35284 sq ft lot - MLS# 40871573 Courtesy of Ind Rlty-Demattei & Assoc, Bert Aranda
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Description

The Bay View Apartments is a 36 unit complex built in 1960 consisting of 2 separate buildings comprised of 25,992 square feet situated on a 35,221 square foot lot. The property is fully occupied and is made up of twenty-two 2bd/1ba and fourteen 1bd/1ba units generating a monthly rental income of $46,663 with an additional $1,000 for an existing rooftop antenna. Approximately 30% rental upside potential. The building has a laundry room with 3 washers and 3 dryers for added income and 36 off-street parking spaces that include 8 covered spaces. The property boast a secure, gated entry and video surveillance camera. Recent improvements include new exterior paint, stairway repairs and some units with new flooring, interior paint, fixtures and updated kitchen and bathrooms. The property is located near Eastmont Mall and close proximity to I-580, I-880 and Coliseum BART Station.

Features

  • Property Type: Multi Family Home
  • Sub Type: Lowrise (1-3 Flrs)
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94605
  • Year Built: 1960
  • Age: 59
  • Sq.Ft.: 25,992 sq ft
  • Units: 36 units
  • Basement: Storage Area
  • # of Parking Spaces: 36
  • Lot Size: 35284 sq ft lot
  • View: City Lights
  • Addtl Features Misc.: Balcony/Patio, Wired For Cable TV, Security Building
  • All Units Have: Oven Range Free Standing, Refrigerator
  • Annual Gross Sched Inc: 579996
  • Annual License Exp: 3600
  • Annual Maint Exp: 21600
  • Annual Misc Inc: 20400
  • Annual Rent Inc: 559596
  • Annual Taxes: 95690
  • Annual Util Exp: 34252
  • Annual Vacancy: 16789
  • Apx Lot Sq Ft: 35221
  • Cap Rate: 5.8
  • Cooling: Ceiling Fan(S)
  • Equipment Additional: Water Heater Gas
  • Exterior: Stucco
  • Flooring: Laminate, Linoleum, Tile, Carpet
  • Gross Income: $579,996
  • Gross Oper Actual Inc: 579996
  • Heating: Wall Furnace
  • Laundry: Coin Operated, In Laundry Room, Laundry Equip - Owned
  • Lot Description: Down Slope
  • Net Oper Income: $357,026
  • On-Site Parking Desc: Covered Parking, Off Site Parking, Parking Area, Spaces - Assigned, Space Per Unit - 1
  • Operating Expenses: Electric, Insurance, License/Ads, Maintenance/Repair, Miscellaneous/Other, Property Tax/Assessments, Trash Removal, Vacancy Factor, Water
  • Other Ann Exp: 4500
  • Separate Meters: Electric, Gas
  • Tenant Pays: Cable TV, Electric, Gas
  • Tot Ann Oper Exp: 206181
  • Unit # 1 # Of Bathrooms: 1
  • Unit # 1 # Of Bedrooms: 2
  • Unit # 1 Parking Spaces: 1
  • Unit # 2 # Of Bathrooms: 1
  • Unit # 2 # Of Bedrooms: 1
  • Unit # 2 Parking Spaces: 1
  • Unit 1 # Units This Type?: 22
  • Unit 2 # Units This Type?: 12
  • Water/Sewer: Sewer System - Public, Water - Public
Courtesy of Ind Rlty-Demattei & Assoc, Bert Aranda

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