6724 MacArthur Blvd, Oakland, CA 94605

Property Description

Presenting 6724 MacArthur Blvd, located in the Millsmont neighborhood of Oakland. Built in 1968, the 3,198 square foot property consists of four 2 bedroom/1 bathroom units. Tenant amenities include on-site laundry, one uncovered parking space per tenant, and key access security fencing. The property offers an attractive going-in cap rate of 6.14% and a gross rent multiplier of 10.16 to new investors. The property is minutes away from Mills College and adjacent to the Bancroft Business District; a neighborhood shopping destination. The district is anchored by the Eastmont Town Center, a local shopping mall and dining destination; all within minutes from the property. Access to Interstate 580 is less than 2 miles away off of Edwards Avenue, and AC Transit bus lines are immediately outside the property on MacArthur Boulevard. Local Concordia Park is a short 10 minute walk from the property and downtown Oakland is less than 10 miles away.