1251 Macarthur Blvd, Oakland, CA 94610

Oakland
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1251 Macarthur Blvd,Oakland, CA 94610
$1,195,000
  • 7 Beds
  • - Baths
  • 4,236 sq. ft.
  • Multi-family
  • Pending
Listed by: david howarth
Office: the pinza group, inc510-725-4775
MLS#:41138117
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$1,195,000
  • Price per sq. ft.:$282.11

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:95 day(s) ago
  • Updated:September 16, 2026 at 08:03 AM

Rooms and interior

  • Bedrooms:7
  • Living area:4,236 sq. ft.

Structure and exterior

  • Year built:1915
  • Building area:4,236 sq. ft.
  • Lot area:0.12 Acres
  • Architectural Style:Quadruplex

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,195,000
  • Price per sq. ft.:$282.11
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at September 16, 2026

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