Mixed-Use Building with
For Sale
$1,198,000
2600 Macarthur Blvd, Oakland, CA 94602
Residential Income, Oakland, CA
Property Size2,441 SF
Lot Size0.05 Acres
Price / SF$490.78
Days on Market215
Property Features for 2600 Macarthur Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bathroom 3, Bathroom 6, Bathroom 5, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 2
Interior features
Storage Area(s)
Exterior features
No Yard
Appliances
Dryer, Washer
Subdivision
Dimond District
Lot features
Corner Lot
Standard status
Active
APN
2999041
Size
2,441 SF
Lot size
0.05 Acres
Utilities
Heating system
Space Heater
Cooling system
Ceiling Fan(s)
Amenities
laundry facility
Building Details
Year built
1923
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Frame
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Realty ONE Group Future
(925) 230-0700
Listed By:
Josefina Junsay
(510) 938-5732
Added: Jan 27
Changed: Aug 24
Last Checked: Aug 30 at 10:06AM
MLS# 41122211
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a liquor and convenience store with a residential apartment above. The 2,441-square-foot building includes a two-bedroom, one-bath apartment with an updated kitchen, new appliances, carpet and laminate flooring, and laundry equipment. Separate water and electric meters serve the property, while storage area(s) provide additional functional space. Heating is provided by a space heater, with ceiling fan cooling.
Built in 1923, the frame building occupies a 0.0478-acre corner parcel in Oakland. The property has a composition roof and no yard. The commercial and residential components create a distinct combination of storefront and housing uses within one building.
Built in 1923, the frame building occupies a 0.0478-acre corner parcel in Oakland. The property has a composition roof and no yard. The commercial and residential components create a distinct combination of storefront and housing uses within one building.
Key Highlights
- Mixed‑use building with liquor and convenience store plus upstairs apartment
- 2,441 square feet on a 0.0478‑acre parcel
- Upstairs apartment has 2 bedrooms, 1 bath, and an updated kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,263
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,085,260
$1.1M
Cap Rate 7%
$775,186
$775.2K
Cap Rate 9%
$602,922
$602.9K
Market Conditions
NOI Build-Up for 2,441 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$76.2K $31.20/SF
− Vacancy
−$3.8K −$1.56/SF
EGI
$72.4K $29.64/SF
− OpEx
−$18.1K −$7.41/SF
NOI
$54.3K $22.23/SF
Area
Oakland, CA
Vacancy
5.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,085,260
Cap Rate 7%
$775,186
Cap Rate 9%
$602,922
Alternative Uses
Best Use
Specialty Retail
$775.2K
$678.3K – $904.4K
NOI $54,263 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$736.3K
$644.3K – $859.0K
NOI $51,542 @ 7.0% cap · market cap 4.30%
Theoretical Best
Multifamily LT 5
$799.2K
$699.3K – $932.4K
NOI $55,942 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
99k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 41%
Dining 11%
Electronics 1%
Safeway
Groceries
40,362 visits/mo
0.4 miles
Wells Fargo
Shops & Services
12,558 visits/mo
0.4 miles
Shell
Shops & Services
11,239 visits/mo
0.4 miles
7-Eleven
Shops & Services
11,176 visits/mo
0.2 miles
Peet's Coffee & Tea
Dining
8,209 visits/mo
0.4 miles
Demographics for 94602, CA
29,702
Population
13,072
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
8,251
Density / Sq Mi
$124,744
Median Household Income
$65,401
Median Earnings
$1,924
Median Rent
$1,111,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A convenience store is combined with an upstairs two-bedroom apartment featuring an updated kitchen and laundry equipment.
Where is this mixed-use property located?
The property is located at 2600 Macarthur Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Mixed‑use building with liquor and convenience store plus upstairs apartment; 2,441 square feet on a 0.0478‑acre parcel; Upstairs apartment has 2 bedrooms, 1 bath, and an updated kitchen
