2240 MacArthur Blvd new

Oakland,CA 94602

$ 3000000

- Bed

- Bath

14300 SqFt


Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 14,300 sqft

Price per Sqft $209

Subdivision Dimond District

MLS Listing ID 41105250

HOA Y/N No

Year Built 1927

Lot Size 5,700 Sqft

Property Sub-Type 5 or More Units

Source Bridge AOR

Property Description

This 18 unit multi-residential building plus 1 commercial storefront was built in 1927 and is located above the 580 Freeway in the bristling Dimond District neighborhood known for its wonderful restaurants, stores, local banks and access to public transportation. Well known Farmer Joe's Marketplace on Fruitvale Avenue offers fresh produce and has a quality meat market. Nearby are Safeway Market, CVS, and several highly rated cafes. Local residents conveniently have nearly everything within living distance. There's also carpooling at Fruitvale and Montana Street. Local Dimond Park on Fruitvale offers tennis courts, a pool, and a playground area for children. The property has been under long-term current ownership and has been maintained under professional property management for many years. Over the last 9 years several improvements have been completed. These improvements include exterior painting, seismic retrofitting, newer roof, newer water heater tank, and newer fire alarm system. Many of the apartments have been renovated including updated kitchens and baths. The heat to the building is provided through energy efficient boiler located in the basement. There are separate electric meters which are tenant expenses. There is one master water meter which is an owner expense.

Location

State CA

County Alameda

Interior

Heating Natural Gas,Steam

Cooling None

Flooring Vinyl,Carpet,Wood

Fireplace No

Laundry Coin Operated,Common Area,Laundry Equip - Leased

Building

Lot Description Corner Lot,Level

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