2240 Macarthur Blvd, Oakland, CA 94602

Property Description

This 18 unit multi-res building plus one commercial storefront built in 1927. Located above Hwy 580 in the bristling Dimond District neighborhood known for its wonderful restaurants, stores, local banks, and access to public transportation. Farmer Joe's Marketplace on Fruitvale offers fresh produce and has a quality meat market. Nearby there are Safeway and CVS. There's also carpooling at Fruitvale and Montana Street. Local Dimond Park on Fruitvale offers tennis courts, a pool, and playground area for children. The property has been under long-term current ownership and maintained under professional property management for many years. Over the last 10 years several improvements have been completed. These improvements include exterior painting, seismic retrofitting, newer roof, newer water heater tank, newer fire alarm system. Many of the aprtments 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 and gas meter which is an owner expense. Property taxes, management and maintenance expenses are not included in the quoted financials. Financial information has been provided to the brokers.