Description

7975-8005 MacArthur Blvd comprises of 53 units presenting a unique and strategic opportunity for an investor to rapidly establish a substantial presence in Oakland. The asset offers investors a reliable and consistent revenue stream, driven by the growing demand for affordable housing in the East Oakland market. The asset benefits from exceptional connectivity to the Bay Area, with convenient access to the Coliseum BART Station, HWY 580, and close proximity to Oakland International Airport, allowing residents several transportation options and ease of access to key regions throughout the Bay. 7975-8005 MacArthur Blvd is located minutes from the historic Eastmont Town Center, a prominent shopping and social services hub. The town center features a diverse mix of anchor tenants, including CVS Pharmacy, Alameda County Social Services Agency, McDonald’s, and LifeLong Medical Care Center, providing residents with convenient access to amenities and essential services. The asset features an exceptional unit mix with a particularly strong concentration of studio and one bedroom units. The portfolio’s unit mix paired with strong demand for workforce housing ensures landlords benefit from natural turnover, minimizing loss-to-lease risks associated with the city’s stringent rent control