3320 Macarthur Blvd Oakland, CA 94602
- Commercial real estate
- 6,238 SF
Current Use by Public Records
- Commercial real estate
Property Details for 3320 Macarthur Blvd
- Year built
- 1986
- Property size
- 6,238 SF
- Property type
- Commercial real estate
- APN
- 028-0944-007-00
Description
This exceptional 4-unit apartment building, located at 3320 MacArthur Blvd in Oakland, CA 94602, presents a compelling investment opportunity. Built in 1986, this two-story, Class C property boasts 6,238 square feet of net rentable space on a 4,500 square foot lot. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $113,414, with a pro-forma NOI of $128,024, representing a 6.67% cap rate and a pro-forma cap rate of 7.53%. Each of the four units features spacious rooms and open kitchens, enhancing their appeal to renters. Further adding to the property's value are private outdoor deck spaces for each unit and off-street garage parking (four spaces total). The property is zoned MULTI-FAMILY RES and benefits from its prime location in Oakland's Laurel District, providing convenient access to shopping, dining, and other amenities. This fee-simple ownership opportunity offers significant potential for both immediate rental income and long-term appreciation. The Alameda County Assessor's Parcel Number (APN) is 028-0944-007-00. The asking price is $1,700,000, translating to a price per square foot of $285.04.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.20179569135
- Latitude
- 37.79490311636
