Multifamily

3641-3647 West Street

3647 West Street, Oakland, CA 94608

Listing Price: $1,375,000

Cap Rate
6.03%
Number of Units
4
GRM
11.24
Occupancy
97.5%
Price/Unit
$343,750
Price/Gross SF
$290.33
Gross SF
4,736

Investment Overview

Marcus & Millichap is proud to present 3641-3647 West Street, a rare fourplex on the West Oakland / Emeryville border. The property consists of four large, approximately 1,184-square foot, three-bedroom/one-bath units. Each unit is individually metered for PG&E and has an in-unit laundry. The apartment offers an investor strong cash flow and the flexibility to increase rents on unit turnover. Constructed in 1912, the property consists of 4,736 rentable square feet set on a 5,400-square foot lot. This is the first time the building has been on the market in over 15 years.

The property is minutes from MacArthur BART Station, downtown Oakland and Emeryville, all of which contain a variety of dining, shopping and entertainment. Located merely a few blocks from MacArthur BART Station, tenants enjoy direct and speedy access to San Francisco and almost anywhere in the East Bay. West Oakland has seen rapid gentrification over the past several years, with new condo projects and retail developments.

Investment Highlights

  • Four Very Spacious Three-Bedroom/One-Bath Units
  • 10-Minute Walk to MacArthur BART Station
  • Two Blocks From Interstate 580 and Highway 24 Ramps
  • Close Proximity to Kaiser Permanente and Temescal Dining
  • Laundry Hook-Ups in Each Unit

Exclusively Listed By

Listing Price: $1,375,000

Cap Rate
6.03%
Number of Units
4
GRM
11.24
Occupancy
97.5%
Price/Unit
$343,750
Price/Gross SF
$290.33
Gross SF
4,736

Investment Highlights

  • Four Very Spacious Three-Bedroom/One-Bath Units
  • 10-Minute Walk to MacArthur BART Station
  • Two Blocks From Interstate 580 and Highway 24 Ramps
  • Close Proximity to Kaiser Permanente and Temescal Dining
  • Laundry Hook-Ups in Each Unit

Investment Overview

Marcus & Millichap is proud to present 3641-3647 West Street, a rare fourplex on the West Oakland / Emeryville border. The property consists of four large, approximately 1,184-square foot, three-bedroom/one-bath units. Each unit is individually metered for PG&E and has an in-unit laundry. The apartment offers an investor strong cash flow and the flexibility to increase rents on unit turnover. Constructed in 1912, the property consists of 4,736 rentable square feet set on a 5,400-square foot lot. This is the first time the building has been on the market in over 15 years.

The property is minutes from MacArthur BART Station, downtown Oakland and Emeryville, all of which contain a variety of dining, shopping and entertainment. Located merely a few blocks from MacArthur BART Station, tenants enjoy direct and speedy access to San Francisco and almost anywhere in the East Bay. West Oakland has seen rapid gentrification over the past several years, with new condo projects and retail developments.

Exclusively Listed By

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