1251 Macarthur Blvd, Oakland, California 94610, Oakland, 94610 - 0 bed, 0 bath
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Oakland, California 94610
This 4-unit High-Potential Investment Opportunity is listed at a List Price of $1,250,000—positioned well below the $1,308,771 Fair Market Value by 4%. This valuation gap offers $58,771 in Instant Equity. Featuring a Turn-Key Condition Rating, the property includes fully remodeled units with modern kitchens and baths. With a 6.91% cap rate and 10.42 GRM, this asset provides immediate cash flow. It is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a stable, high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1251 Macarthur Blvd Subject | $1,250,000* List Price | 0 | 0 | 4,236 | $309 | - |
A 881 Erie St Active | $1,450,000 List Price | 0 | 0 | 4,248 | $341 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1915, the property has been fully remodeled with new kitchens and bathrooms, stainless steel appliances, double-pane windows, and updated flooring. The systems are separately metered for PG&E, and the listing describes the property as turn-key with little to no deferred maintenance, fitting the criteria for a recent high-end renovation.
With a 6.91% cap rate and a 10.42 GRM in a high-demand Oakland location, this property offers exceptional cash flow and investment stability compared to market averages.
The units have been fully remodeled with modern kitchens, bathrooms, stainless steel appliances, and double-pane windows, significantly reducing the need for immediate capital expenditures.
The two-building configuration and townhome-style rear units provide a unique sense of privacy and space, making the units feel like individual homes rather than standard apartments.
Originally built in 1915, the property may have underlying aging systems or structural elements typical of century-old buildings that require specialized long-term maintenance.
Situated on MacArthur Blvd, a major arterial thoroughfare, the property is subject to higher noise levels and traffic congestion, which may be a deterrent for some tenant profiles.
www.1251MacArthur.com; 4-unit apartment complex with excellent cash flow in a high demand rental location near Lake Merritt. The current cap rate is 6.91% and the current GRM is 10.42! 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 expenses. The exterior and interior are in great condition with little deferred maintenance resulting in an attractive turn-key investment. The property is close to Lake Merritt with easy access to HWY 580 and the Grand Lake, Lower Dimond, and Laurel shopping districts. There are countless restaurants and coffee shops nearby with easy access to Downtown Oakland. BART, and other forms of public transportation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,236 | 2,547 |
| Lot Size | 5,200 | 4,475 |
| Price | $1.25M | $860.2K |
| Price per sq ft | $295 | $344 |
| Built year | 1915 | 1920 |
| HOA | $0 | $0 |
| Days on market | 40 | 56 |
Jun 12, 2026
$1,250,000
Initial Listing
Apr 1, 2015
$640,000
Public Record
Apr 25, 2012
$240,000
Public Record
Jul 18, 2003
$415,000
Public Record