9240 Macarthur BlvdOakland, CA 94605

This exceptional investment opportunity presents a 12-unit apartment building located at 9240-9244 MacArthur Blvd, Oakland, CA 94605. The property, built in 1958, comprises two buildings totaling 6,640 square feet and features ten one-bedroom/one-bathroom units and two larger two-bedroom/one-bathroom units arranged around a private courtyard. Recent upgrades include fresh exterior paint, updated windows enhancing energy efficiency, and significant Soft Story Seismic Bracing, ensuring structural safety. A Sewer Lateral Certificate is in place, and sidewalk repairs are currently underway, meeting city standards. The property boasts 100% occupancy, generating a current NOI of $172,506 and a 9.86% cap rate. Pro-forma NOI is projected at $216,188, resulting in a 12.35% pro-forma cap rate. Individual gas and electric meters and an on-site laundry facility add to tenant convenience. The asking price is $1,750,000, translating to $145,833 per unit and $263.55 per square foot. The property benefits from recent development across the street, contributing to neighborhood revitalization and supporting ongoing rent increases. Meticulous maintenance, including unit repairs and upgrades during vacancies, ensures consistent occupancy and strong returns. This stabilized investment offers a compelling opportunity in a rapidly developing Oakland neighborhood.