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$4,995,000
Est. payment /mo
0.64 Acres Lot
Open House
Thu Oct 15, 11:00am - 1:00pm
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82064076
HOA Y/N No
Year Built 1964
Annual Tax Amount $23,431
Lot Size 0.643 Acres
Property Description
32 apartments, mostly townhome style, in two 16-unit, two-story buildings on two parcels, built in 1964: 26 two-bedrooms, 5 three-bedrooms and 1 four-bedroom in about 28,000 SF on about 0.64 acres. Gated, with on-site parking and two laundry rooms. City of Oakland soft-story exemption granted in 2024. Subject to a City of Oakland regulatory agreement through 12/2032 (at least 8 units at 80% AMI or below). Market rents run about 26% above in-place rents. In East Oakland off MacArthur Boulevard with quick I-580 access, near Coliseum BART / Amtrak, Eastmont Town Center and Oakland Airport. 11.43% current cap; 14.25% pro forma cap. Taxes reflect the seller's current welfare exemption; buyer to verify. Motivated ownership: all offers reviewed; Q4 2026 close preferred.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning C-10/R-50
Interior
Fireplace No
Exterior
Carport Spaces 14
Utilities Available Other
Roof Type Other
Total Parking Spaces 16
Building
Water Other
Schools
School District Other
Others
Tax ID 046547100902
Special Listing Condition Standard
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Listed by Alina Siert KW Advisors #01893238
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