1251 Macarthur Blvd, Oakland, CA 94610

Oakland
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1251 Macarthur Blvd,Oakland, CA 94610
$1,195,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: david howarth
Office: the pinza group, inc510-725-4775
MLS#:41138117
Source:CRMLS

Price summary

  • Price:$1,195,000

About this home

$50,000 price reduction! 4-unit apartment complex with excellent cash flow in a high demand rental location near Lake Merritt. The current cap rate is 7.29% and the current GRM is 9.96! The property is 100% occupied and offers an ideal unit mix of one 3bd/2bth unit and three 2bd/1bth units.  The property was originally built in 1915, offers approximately 4,236 square feet of rental space, and sits on a 5,200 square foot lot with ample room for parking.  The units have been fully remodeled and offer new kitchens and bathrooms with new cabinets, stainless steel appliances, custom tile, wood floors, double pane windows, new paint, new lighting, and more. There are two separate buildings with a unique layout providing maximum space and privacy where each unit feels like it's own separate home.  The two back units offer two levels and a nice townhome feel with bedrooms on the second level.  The property is easy to manage and separately metered for PG&E providing for low annual operating...

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Home facts

  • Year built:1915
  • Subdivision & Development:LAKE MERRITT
  • Listing ID #:41138117
  • Added:94 day(s) ago
  • Updated:September 15, 2026 at 09:19 AM

Structure and exterior

  • Year built:1915
  • Lot area:0.12 Acres

Finances and disclosures

  • Price:$1,195,000

Parking

  • Total parking spaces:4
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