2433 Macarthur BlvdOakland, CA 94602

Property Details for 2433 Macarthur Blvd

Year built

1941

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

2,240 SF

Property type

Commercial real estate

APN

28-906-30

APU

2890630

Description

This exceptional mixed-use property in Oakland's vibrant Diamond District presents a compelling investment opportunity. Located at 2433 MacArthur Blvd, this 3,590 square foot lot features two buildings, encompassing four units: two street-level retail spaces and two upper-level residential units, each boasting one bedroom and one bathroom. The residential units, totaling 2,240 square feet of net rentable space, will be delivered vacant, offering flexibility for an owner-user or potential rental income. The two retail units are currently leased, generating immediate cash flow. Built in 1941 and renovated in 2018, the property offers a blend of classic charm and modern updates. The upper-level units feature private patios. The asking price is $1,088,000, translating to $303.06 per square foot and $485 per square foot based on land value. The pro-forma cap rate is 5.23%. This property is an ideal owner-user opportunity, allowing for personal occupancy while leveraging rental income from the existing retail and future residential tenants. The property's location in the dynamic Diamond District of Oakland ensures strong potential for appreciation and consistent rental demand. This is a rare chance to acquire a well-maintained, income-producing mixed-use property in a thriving California market.

• Alternative Use

  Use

  Valuation

  Residential

  $1,184,186

  Hospitality

  $1,084,708

  Educational

  $902,464

  Medical

  $933,501

  Retail

  $1,403,833

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.7994

Longitude

-122.213

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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