• 91,000 sq.ft. lot
offered at $16,995,000
Status: Active // Property Type:
County: Alameda // Year Built: 1958

Property Description

This building is 53,000 square feet and sits on a 91,000 square foot lot. This very nostalgic 3 story property is located at 6638-6646 MacArthur Blvd in Oakland California. The 81-unit apartment complex near Mills College is on 2 separate parcels and features 55 one-bedroom apartments, 23 two-bedroom apartments, 2 three bedroom apartments and 1 four-bedroom apt. Approximately 126 parking spaces, manager’s office, 3 laundry rooms, automatic auto security gate and surveillance cameras. The apartments have a master water meter, individual gas and electric meters. The construction of the building is stucco over wood. There remains 34% upside in the existing rents for new ownership to take advantage of. Most of the apartments have been remodeled in the last 4 years. The property was built in 1958 and 1966 in a contemporary style. The parking lot has been recently resurfaced, and all of the windows have been replaced. All buildings have a brand new GAF roof with a lifetime warranty against any roof leaks or repairs. With 34% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market.

Listing Courtesy of Steven Peterson, Infinity Investments

Interior Features

Heating: Wall Furnace

Exterior Features

Roof: Tar/Gravel
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

Use of this site means you agree to the Terms of Use

Based on information from California Regional Multiple Listing Service, Inc. as of October 26, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.