9849 Macarthur Offer Memorandum

ATKINS TOWNHOUSE

10 Units 9849 MacArthur Blvd Oakland, CA 94605

CONFIDENTIALITY DISCLAIMER: The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

PROPERTY SUMMARY

9849 MacArthur consists of 10 townhouse built in 2015 offering 3 bedrooms, 3 bathrooms, 8 units of 1,726 sq. ft. and 2 large corner units of 1,937 sq. ft. While each townhouses has individually recorded APNs, which can be sold separately, this property is currently fully rented to meet the shortage of rental housing in the RED HOT Oakland, CA market.

Investors can keep it as a cash ﬂow property or sell it as townhouses in the near future. Each unit offers a large 1 car garage, washer and dryers in unit, central heat, private patio, lush landscaping, and balcony with a view. All units feature hardwood ﬂoor, carpet and tile combo, granite counter tops, upgraded kitchen and bathroom cabinets, recessed lights, dual-pane window and high ceilings.

Total Units: 10 Total Rentable Sq. Ft.: 17,682 Property type: Multifamily /Townhouse Lot Size: 0.36 acre Year Built: 2015 Near Oakland Zoo Offer CAP: 4.54%

ASKING PRICE $5,000,000

3D TOURS

8 units at 1,726 sq.ft. floor plan: Click Here Link: http://walkinplayer.herokuapp.com/662

2 units at 1,937 sq. ft. Floor plan: Click Here Link: http://walkinplayer.herokuapp.com/661

RENT ROLL & PROJECTION

RENT ROLL

Unit APN Sq. FT CURRENT RENT PROJECTION

1 046-5490-024 1,726 $2,750 $2,950 2 046-5490-025 1,726 $2,850 $2,950 3 046-5490-026 1,726 $2,750 $2,950

4 046-5490-027 1,726 $2,625 $2,950 5 046-5490-028 1,937 $2,625 $3,050 6 046-5490-029 1,726 $2,625 $2,950 7 046-5490-030 1,726 $2,750 $2,950

8 046-5490-031 1,726 $2,850 $2,950 9 046-5490-032 1,726 $2,625 $2,950 10 046-5490-033 1,937 $2,625 $3,050 TOTALY MONTLY 17,682 $27,075 $29,700

TOTAL ANNUALLY $324,900 $356,400

AVERAGE EXPENSES

AVERAGE MONTH ANNUAL

ADMIN COSTS

Business State Tax $314.02 $3,768.28

Total ADMIN COSTS $314.02 $3,768.28

BUILDING COSTS

Insurance Expense $495.33 $5,944.00

Property Tax $4,838.62 $58,063.40

Total BUILDING COSTS $5,333.95 $64,007.40

MANAGEMENT

Monthly Fees $1,230.50 $14,766.00

New Tenant Fees $312.50 $3,750.00

Total MANAGEMENT $1,128.53 $13,542.39

REPAIRS & MAINTENANCE

Landscaping $156.25 $1,875.00

Building/Common Areas $166.52 $1,998.26

Individual Units $231.04 $2,772.44

Pest Control $47.50 $570.00

Total REPAIRS & MAINTENANCE $601.31 $7,215.69

UTILITIES

Electric/Gas $390.94 $4,691.33

Waste Management $376.12 $4,513.46

Total UTILITIES $767.07 $9,204.78

Total Expense $8,144.88 $97,738.54

PROPERTY PHOTOS

PROPERTY PHOTOS

PROPERTY PHOTOS

OAKLAND, CA

OAKLAND QUICK FACTS: ✦Ten miles east of San Francisco, Oakland is accessible by the San Francisco-Oakland Bay Bridge, ferry service, buses, BART (Bay Area Rapid Transit), and Amtrak. ✦Oakland has been deemed as the “Sunny Side of the Bay,” home to some of the best weather in the country with an average of 260 sunny days per year. ✦As the eighth largest city in California, Oakland has a population of approximately 400,000. ✦Oakland boasts 19 miles of coastline and more than 100,000 acres of parks and trails. ✦Oakland is one of the most ethnically diverse cities in the United States, with more than 125 different languages and dialects spoken. ✦Attractions within the city limits include the African American Museum & Library, Chabot Space & Science Center, Children’s Fairyland, Oakland Aviation Museum, Oakland Museum of California, Oakland Zoo, and the USS Potomac. ✦Lake Merritt, the “Jewel of Oakland,” is an urban lake in the middle of the city, one of the largest of its kind (a mix of salt and freshwater).] ✦Oakland is home to two professional sports franchises: Oakland Athletics (baseball) and Oakland Raiders (football). ✦The city is home to three renovated Art Deco-inspired theaters: The Fox Theater, inﬂuenced by Middle Eastern and Moroccan architecture; The Paramount Theatre in Uptown Oakland; and the Grand Lake Theater near Lake Merritt ✦Oakland offers 4,000 hotel rooms, ranging from resorts to economy. Properties are located along the waterfront, near the airport, the Oakland Hills and throughout downtown. ✦The Oakland Convention Center offers 64,000 square feet of convention and meeting space, in addition to the 25,000 square feet of event space at the adjoining Oakland Marriott City Center. 9849 MacArthur Blvd Oakland, CA 94605

DEMOGRAPHICS

TRUNG LAM & EVAN HUYNH KW Silicon City| TE REAL ESTATE GROUP TEL: 408.668.9200 | EMAIL: [email protected]