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5037 Macarthur Blvd, Oakland, California 94619, Oakland, 94619 - 4 bed, 3 bath

5037 Macarthur Blvd, Oakland, California 94619 home-pic-0
ACTIVE$488,000
5037 Macarthur Blvd, Oakland, California 94619
4Beds
3Baths
1,920Sqft
3,835Lot
Year Built
2024
Close
-
List price
$488K
Original List price
$488K
Price/Sqft
$254
HOA
-
Days on market
-
Sold On
-
MLS number
41117860
Home ConditionPoor
Features
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $488.0K(4th), sqft - 1920(71th), beds - 4(72th), baths - 3(68th).

Amazing opportunity for investors, builders, and contractors! This property at 5037 MacArthur Blvd is a partially completed new-construction project with an estimated 1,920 sqft based on the original approved plans. The seller already has approved plans, which adds significant value and saves time for redevelopment. The original project included two homes, but only one structure was started and construction was never completed, giving you the rare chance to finish the build with your own design and vision. Situated on an elevated hillside lot with privacy, this multi-level structure offers excellent potential for a modern custom residence. Finished homes in this neighborhood trade much higher, making this a strong value-add and upside opportunity.

Nearby schools

3/10
Laurel Elementary School
Public,•K-5•0.9mi
2/10
Horace Mann Elementary School
Public,•K-5•1.0mi
2/10
Allendale Elementary School
Public,•K-5•1.1mi
2/10
Frick Middle School
Public,•6-8•0.7mi
2/10
Bret Harte Middle School
Public,•6-9•1.7mi
2/10
Fremont High
Public,•9-12•1.3mi
4/10
Skyline High School
Public,•9-12•1.7mi
2/10
Oakland International High School
Public,•9-12•5.3mi

Price History

Date
Event
Price
11/19/25
Listing
$488,000
12/17/24
Sold
$380,000
03/23/23
Sold
$500,000
03/26/21
Sold
$180,000
06/27/18
Sold
$180,000
Condition Rating
Poor
This property is described as a 'partially completed new-construction project' where 'construction was never completed.' While the year built is listed as 2024, this refers to the project's initiation, not its completion. There are no finished kitchens, bathrooms, flooring, or appliances to assess, as the structure is incomplete. The provided image is a rendering of the proposed finished project, not a photograph of the current state. In its current condition, the property is unlivable and requires substantial construction and rehabilitation to become a functional home, aligning with the 'poor' condition criteria of requiring significant repairs and being unsafe/uncomfortable to live in.
Pros & Cons

Pros

Approved Plans in Place: The property comes with already approved plans, significantly saving time and cost associated with permitting and initial design phases for redevelopment.
High Value-Add Potential: Situated in a neighborhood where finished homes command much higher prices, this property offers substantial upside and profit potential for investors and builders.
Customization Opportunity: The incomplete status allows the buyer to finish the build with their own design and vision, creating a truly custom and modern residence tailored to their preferences.
Elevated & Private Lot: The elevated hillside lot provides a desirable sense of privacy and potentially offers attractive views, enhancing the property's appeal.
New Construction Foundation: As a partially completed new-construction project, the finished home will benefit from modern building standards, materials, and potentially lower long-term maintenance costs.

Cons

Recently Sold Property: The property was recently sold within the past year on 2024-12-17. The sold price is $380,000.00.
Incomplete Construction Status: The property is a partially completed structure, requiring significant additional capital investment, project management, and construction expertise to finalize.
Limited Buyer Pool: Due to its incomplete nature, the property primarily appeals to a niche market of experienced investors, builders, or contractors, potentially extending market time.
Financing Complexity: Securing traditional residential mortgage financing for an incomplete structure can be challenging, often requiring specialized construction loans or a cash purchase, limiting buyer accessibility.

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