6029 Macarthur Boulevard, Oakland, California 94605, Oakland, 94605 - 5 bed, 3 bath
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Oakland, California 94605
This Versatile Income-Producing Triplex is a High-Potential Investment Opportunity, listed at $850,000—positioned well below the $887,712 Fair Market Value by 4%. This valuation gap provides $37,712 in Instant Equity. Boasting a Condition Rating of 3, the property features a 3-bedroom unit and two 2-bedroom units with stone countertops and modern laminate flooring. With two units delivered vacant, it offers immediate rental upside or a "house hack" lifestyle. This asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to build wealth through residential income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6029 Macarthur Boulevard Subject | $850,000* List Price | 5 | 3 | 2,330 | $381 | - |
A 6941 Outlook Ave Sold | $810,000 | 3 | 2 | 2,041 | $397 | 0.6 mi |
B 6021 Monadnock Way Sold | $747,500 | 3 | 2 | 1,865 | $401 | 0.1 mi |
C 3000 56th Ave Sold | $1,080,000 | 4 | 3 | 2,302 | $469 | 0.3 mi |
D 5808 Fleming Ave Sold | $905,000 | 3 | 3 | 2,334 | $388 | 0.4 mi |
E 6055 6055 Majestic Ave Active | $998,000 List Price | 5 | 3 | 2,370 | $421 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1939, the property shows evidence of a comprehensive renovation likely performed 10-15 years ago. The kitchen features updated stone countertops and white cabinetry, and the living areas have modern laminate flooring. While some systems like the wall heaters and the pedestal sink in the bathroom are dated, the units appear well-maintained, functional, and move-in ready.
With two of the three units currently vacant, this triplex offers a rare opportunity for an owner-occupant to utilize residential financing while collecting rent, or for an investor to immediately place tenants at current market rates.
The property features a diverse configuration including a spacious 3-bedroom unit and two 2-bedroom units, providing flexibility to attract larger families and maximizing the total rental income potential.
The property provides day-one cash flow from the occupied unit, offering a baseline return while the new owner prepares the vacant units for lease-up or renovation.
The occupied unit is currently rented at $1,341 per month, which is significantly below market value for a 2-bedroom unit in Oakland, potentially limiting the immediate cap rate due to local rent stabilization ordinances.
Built in 1939, the property may require significant capital expenditures for modernizing systems such as plumbing, electrical, or roofing to meet contemporary standards and reduce long-term maintenance costs.
Triplex property located at 6029 MacArthur Blvd in Oakland featuring three residential units. Unit 3235 is tenant-occupied and currently rents for $1,341 per month, offering 2 bedrooms and 1 bathroom. Unit 3239 is a vacant 2-bedroom, 1-bathroom unit. Unit 6029 is also vacant and features 3 bedrooms and 1 bathroom. This property offers flexibility for owner-occupancy or investment with rental income potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 96% |
| Baths | 3.0 | 2.0 | 73% |
| Square foot | 2,330 | 1,390 | 91% |
| Lot Size | 5,982 | 5,712 | 54% |
| Price | $850.0K | $700.0K | 65% |
| Price per sq ft | $365 | $520 | 9% |
| Built year | 1939 | 1938 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 135 | 3% |
Apr 27, 2026
$850,000
Initial Listing
Sep 21, 2012
$355,000
Public Record
Dec 1, 2011
$77,000
Public Record
Sep 14, 2011
$154,000
Public Record
Jun 10, 2003
$420,000
Public Record
May 5, 2000
$250,000
Public Record