5-Unit Mixed-use Building IN ESCROW
2722 MacArthur Blvd Oakland, CA 94602
This distinctive brick-façade mixed-use building
is located in the heart of Oakland’s Dimond district. Seller is willing to carry back a first note and deed of trust for a qualified Buyer.
SITE SURVEY
2722 MacArthur Blvd.
3 units plus two ground floor
commercial with bathroom
029-0989-021-00
1930
1
4,231 sq ft per city records
2,941 sq ft per city records
Wood frame
All utilities
None
3
No
No
Flat, age unknown
No
Hardwood and linoleum
Gas
Gas
No
No
Common laundry room with
one coin operated washer and
one dryer, owned not leased
No
Unit 3
Common back yard in rear
Address (Oakland):
Number of apts:
Assessor’s parcel #:
Year built:
Number of buildings:
Gross square footage:
Lot Size:
Construction:
Utilities paid by owner:
Utilities paid by tenants:
Stories:
Balconies:
Elevator:
Roof type and age:
Pool:
Floors:
Heat:
Ranges:
Disposals:
Dishwashers:
Laundry facilities:
Fireplaces:
Views:
Backyard:
|
 |
The building contains two commercial storefronts, three ground floor offices in the rear and three beautiful one bedroom apartments, two of which are on the second floor with a “penthouse” unit on the third floor with a private patio.
The tenants enjoy ample natural lighting in the units, hardwood floors, multi-colored ceramic tile countertops and bathrooms, unique period built-ins, crown molding and walnut window and door casings in some units. Tenants can spend a day of walking around the Dimond and Laurel district stores and restaurants or just lounge around in the large backyard.
Owners will have many options with this property including operating their business downstairs and living upstairs.
VALUE INDICATORS
$395,000
$79,000
$93.35
7.32%
7.41
Price:
Price per Unit:
Price per square foot:
Cap Rate:
GRM:
INVESTMENT SUMMARY
- Mixed Use Building
- Penthouse Unit
- Dimond District Location
- Period Detailing
RENT ROLL
| Unit |
Type |
Appx. sq ft |
Current |
Move-in Date |
| 2722 #1 |
1br 1ba |
625 |
$950.00 |
9/1/2010 |
| 2722 #2 |
1br 1ba |
525 |
$950.00 |
6/12/2010 |
| 2722 #3 |
1br 1ba |
625 |
$995.00 |
6/23/2010 |
| 2724 |
commercial |
550 |
$550.00 |
vacant/projected |
| 2726 |
commercial |
275 |
$275.00 |
vacant/projected |
| rear offices |
commercial |
670 |
$670.00 |
vacant/projected |
| TOTAL |
$4,390.00 |
| ANNUAL |
$52,680.00 |
|
|
FINANCIAL OVERVIEW
|
INCOME & EXPENSE
Pro forma rents with pro forma expenses
Operating Income
$52,680.00
$600
$53,280 est. commercial rent
($2,664)
$50,616
Rental Income
Laundry
Scheduled Gross Income
Less 5% Vacancy Factor
Effective Gross Income
Less Operating Expenses
($6,725) 1.4086% +SA $739
($580) estimated
($4,000) estimated
($3,595) estimated
($1,626) estimated
($2,000) estimated
$0 estimated
$0 estimated
($2,664) est. @ 5% of SGI
($500) estimated
($21,690)
$28,926
Property Taxes:
License & Rent Brd fee:
Insurance:
PG&E:
Water:
Garbage:
On-site Management:
Off-site Management:
Maintenance:
Miscellaneous + Reserves:
Total Expenses
Net Operating Income
|
|
VALUE INDICATORS
$395,000
$28,926
7.32%
7.41
$79,000
$93.35
Sale Price
NOI:
Value Indicators
Cap Rate:
GRM:
Price per unit:
Price per square foot:
|
|
|
|
2722 MacArthur Blvd Oakland, CA 94602
This property is close to the 580 freeway, providing a convenient commute to downtown Oakland and San Francisco, which is about a 30 minute drive.
For further information about this exclusive property listing, please contact linkcorkery.com
|
|
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. PCLC, Inc. Property Counselors Link Corkery—Copyright 2011—Confidential
|
|
