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6724 MacArthur Blvd Oakland, CA 94605
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Key Details
Sold Price $820,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40872762
Sold Date 09/12/19
HOA Y/N No
Year Built 1968
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Presenting 6724 MacArthur Blvd, located in the Millsmont neighborhood of Oakland. Built in 1968, the 3,198 square foot property consists of four 2 bedroom/1 bathroom units. Tenant amenities include on-site laundry, one uncovered parking space per tenant, and key access security fencing. The property offers an attractive going-in cap rate of 6.14% and a gross rent multiplier of 10.16 to new investors. The property is minutes away from Mills College and adjacent to the Bancroft Business District; a neighborhood shopping destination. The district is anchored by the Eastmont Town Center, a local shopping mall and dining destination; all within minutes from the property. Access to Interstate 580 is less than 2 miles away off of Edwards Avenue, and AC Transit bus lines are immediately outside the property on MacArthur Boulevard. Local Concordia Park is a short 10 minute walk from the property and downtown Oakland is less than 10 miles away.
Location
State CA
County Alameda
Zoning C-30
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Garage Other
Parking Type Other
Others
Tax ID 37A275522
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Bought with Matthew Rulloda • JOSEPH M. TAPIA, BROKER