MLS® ID: 40871573
7004 Macarthur Blvd
OAKLAND, California, 94605 $5,899,000
The Bay View Apartments is a 36 unit complex built in 1960 consisting of 2 separate buildings comprised of 25,992 square feet situated on a 35,221 square foot lot. The property is fully occupied and is made up of twenty-two 2bd/1ba and fourteen 1bd/1ba units generating a monthly rental income of $46,663 with an additional $1,000 for an existing rooftop antenna. Approximately 30% rental upside potential. The building has a laundry room with 3 washers and 3 dryers for added income and 36 off-street parking spaces that include 8 covered spaces. The property boast a secure, gated entry and video surveillance camera. Recent improvements include new exterior paint, stairway repairs and some units with new flooring, interior paint, fixtures and updated kitchen and bathrooms. The property is located near Eastmont Mall and close proximity to I-580, I-880 and Coliseum BART Station.