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Listed by Ryan Rodriguez • Colliers International
$ 4,240,000
Est. payment /mo
New
7975 MacArthur Blvd Oakland, CA 94605
27,232 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Garden Apts
Listing Status Active
Purchase Type For Sale
Square Footage 27,232 sqft
Price per Sqft $155
MLS Listing ID 41100822
HOA Y/N No
Year Built 1955
Lot Size 0.806 Acres
Property Sub-Type Garden Apts
Source BAY EAST
Property Description
7975-8005 MacArthur Blvd comprises of 53 units presenting a unique and strategic opportunity for an investor to rapidly establish a substantial presence in Oakland. The asset offers investors a reliable and consistent revenue stream, driven by the growing demand for affordable housing in the East Oakland market. The asset benefits from exceptional connectivity to the Bay Area, with convenient access to the Coliseum BART Station, HWY 580, and close proximity to Oakland International Airport, allowing residents several transportation options and ease of access to key regions throughout the Bay. 7975-8005 MacArthur Blvd is located minutes from the historic Eastmont Town Center, a prominent shopping and social services hub. The town center features a diverse mix of anchor tenants, including CVS Pharmacy, Alameda County Social Services Agency, McDonald's, and LifeLong Medical Care Center, providing residents with convenient access to amenities and essential services. The asset features an exceptional unit mix with a particularly strong concentration of studio and one bedroom units. The portfolio's unit mix paired with strong demand for workforce housing ensures landlords benefit from natural turnover, minimizing loss-to-lease risks associated with the city's stringent rent control
Location
State CA
County Alameda
Interior
Heating Other
Cooling None, Other
Flooring Other, None
Fireplace No
Building
Lot Description Other
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