MLS® ID: 40877999
281 MacArthur Blvd
OAKLAND, California, 94610 $5,750,000
281 MacArthur Blvd is a 19-unit apartment building conveniently located in Oakland’s highly coveted Adam’s Point Neighborhood. Delivered to investors and 1031 Exchange buyers, this ±15,600 SF, asset was built in 1964 and is comprised of 19 X Two-Bedroom, One-Bathroom units. The property also features an on-site laundry facility and a secured parking garage that contains 17 parking spaces with an additional 2 uncovered parking spaces outside the garage. With in-place rents that are roughly 37% below market rate, there is potential to increase the property’s NOI by more than 100%.