9849 Macarthur Offer Memorandum

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. KW Silicon City | 2221 Oakland Rd #268, San Jose, CA 95131 | Tel: 408-668-9200 | | Email: [email protected] | Bre:01428954 9849 MacArthur Blvd Oakland, CA 94605 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 KW Silicon City | 2221 Oakland Rd #268, San Jose, CA 95131 | Tel: 408-668-9200 | | Email: [email protected] | Bre:01428954 9849 MacArthur Blvd Oakland, CA 94605 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 KW Silicon City | 2221 Oakland Rd #268, San Jose, CA 95131 | Tel: 408-668-9200 | | Email: [email protected] | Bre:01428954 9849 MacArthur Blvd Oakland, CA 94605 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 KW Silicon City | 2221 Oakland Rd #268, San Jose, CA 95131 | Tel: 408-668-9200 | | Email: [email protected] | Bre:01428954 9849 MacArthur Blvd Oakland, CA 94605 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 KW Silicon City | 2221 Oakland Rd #268, San Jose, CA 95131 | Tel: 408-668-9200 | | Email: [email protected] | Bre:01428954 9849 MacArthur Blvd Oakland, CA 94605 PROPERTY PHOTOS KW Silicon City | 2221 Oakland Rd #268, San Jose, CA 95131 | Tel: 408-668-9200 | | Email: [email protected] | Bre:01428954 9849 MacArthur Blvd Oakland, CA 94605 PROPERTY PHOTOS KW Silicon City | 2221 Oakland Rd #268, San Jose, CA 95131 | Tel: 408-668-9200 | | Email: [email protected] | Bre:01428954 9849 MacArthur Blvd Oakland, CA 94605 PROPERTY PHOTOS KW Silicon City | 2221 Oakland Rd #268, San Jose, CA 95131 | Tel: 408-668-9200 | | Email: [email protected] | Bre:01428954 9849 MacArthur Blvd Oakland, CA 94605 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 KW Silicon City | 2221 Oakland Rd #268, San Jose, CA 95131 | Tel: 408-668-9200 | | Email: [email protected] | Bre:01428954 OFFERING MEMORANDUM-10 UNITS 9849 MacArthur Blvd Oakland, CA 94605 TRUNG LAM & EVAN HUYNH KW Silicon City| TE REAL ESTATE GROUP TEL: 408.668.9200 | EMAIL: [email protected] KW Silicon City | 2221 Oakland Rd #268, San Jose, CA 95131 | Tel: 408-668-9200 | | Email: [email protected] | Bre:01428954.

View Full Text

Details

  • File Type
    pdf
  • Upload Time
    -
  • Content Languages
    English
  • Upload User
    Anonymous/Not logged-in
  • File Pages
    11 Page
  • File Size
    -

Download

Channel Download Status
Express Download Enable

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

  • Not to be reproduced or distributed without explicit permission.
  • Not used for commercial purposes outside of approved use cases.
  • Not used to infringe on the rights of the original creators.
  • If you believe any content infringes your copyright, please contact us immediately.

Support

For help with questions, suggestions, or problems, please contact us