9240 MacArthur Boulevard

Oakland CA 94605

3320 sq. ft.

0.07 ac.

Multi-Family

Currently for sale - view listing

Overview

Introducing 9240 MacArthur Blvd, a prime investment nestled within an up-and-coming Oakland neighborhood. This single-story structure houses five inviting one-bedroom, one-bath units and one expansive two-bedroom, one-bath unit, all thoughtfully situated around a tranquil private courtyard. Recent exterior upgrades, including fresh paint and updated windows, enhance the building's visual appeal while bolstering energy efficiency. The considerable investment in Soft Story Seismic Bracing emphasizes safety measures, complemented by the Sewer Lateral Certificate. Sidewalk repairs, aligned with city standards, are currently in progress, attesting to the Seller's dedication to ongoing property enhancements. With a projected cap rate of 5.57%, 11.58 GRM, this building embodies a solid investment. Units within 9240 MacArthur Blvd have received attentive repairs and upgrades during vacancies, exemplifying diligent maintenance. Tenant convenience is ensured with an on-site laundry facility and individual gas and electric meters. The recent development across the street is contributing to the neighborhood's rejuvenation. The property capitalizes on rent increases in line with market trends, enhancing its potential for promising returns.