Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2433 MacArthur Boulevard Oakland, CA 94602

    Sponsored
    For Sale
    $1,088,000

    Four-unit building, Dimond District, immediate cash flow

    Property size:
    2,240 SF

    Property Features for 2433 MacArthur Boulevard

    General Information

    Property type
    Residential income homes
    Square Feet
    2,240 SF
    Price / Square Foot
    $485
    Elevators
    N/A
    Net Rentable
    2,240 SF
    Lot Size
    3,590 SF

    Building Details

    Year Built/Renovated
    1941/2018
    Buildings
    2
    Stories
    1
    Units
    4

    Overview

    Four-Unit Mixed-Use Building Oakland

    Located at 2433 MacArthur Boulevard in Oakland, CA 94602, this four-unit mixed-use property presents an investment opportunity. Constructed in 1941 and renovated in 2018, the 2,240 square foot building is situated on a 0.0824 acre lot. The property features a combination of residential and commercial space. It includes two upper-level, one-bedroom, one-bathroom residential units, each with a private patio, laundry, and storage. These two units will be delivered vacant. Additionally, there are two street-level retail units that are currently occupied, generating rental income. Each unit has individual gas and electric meters. The property is located one block from the Dimond District shopping area near MacArthur Boulevard and Lincoln Avenue, providing access to restaurants, shops, and freeway I-580. The zoning is RU-5 per the City of Oakland. This property is suitable for an owner-occupant looking to live in one unit while using rental income from the other units to offset mortgage costs. The combination of vacant residential units and income-producing retail spaces makes this an attractive investment.

    We can help!

    Listing Contact
    Aziz Khatri

    Learn more

    Property Insight Report

    HighLights

    • Four‑unit mixed‑use building in Oakland's Dimond District, offering immediate cash flow.
    • Two vacant 1‑bedroom/1‑bathroom units with private patios, laundry, and storage.
    • Two occupied retail units generate immediate rental income, located near I‑580.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maries African Hair ... Hair Salon Hillary's Beauty Salon Hair Salon

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    State
    California
    Longitude
    -122.213457
    Latitude
    37.79945

    Nearby Similar for Sale

    • $850,000
      Pending

      Oakland Fourplex with Income Potential

      Fourplex in Oakland with value-add and income potential.
      1748 E 15Th St, Oakland, CA 94606
      View Details
    • $749,000
      1,565 SF

      Versatile Oakland Duplex with Potential

      Vacant duplex with rental income potential and room to grow.
      852 58Th St, Oakland, CA 94608
      View Details
    • New
      $798,000
      1,649 SF

      Oakland Multifamily with Income Potential

      Single-family home with attached ADU, ideal for rental income.
      7333 Sunkist Dr, Oakland, CA 94605
      View Details
    • $1,150,000
      4,342 SF

      Oakland Multifamily Investment Opportunity

      Four-unit property in Oakland with value-add potential.
      856 21St St, Oakland, CA 94607
      View Details
    • $1,350,000
      4,905 SF

      Spacious Oakland Duplex with Modern Design

      Redesigned duplex in West Oakland with income potential.
      1238 12Th St, Oakland, CA 94607
      View Details
    • $659,000
      2,226 SF

      Oakland Duplex with Development Potential

      Charming duplex with bonus unit in vibrant Oakland area.
      1706-1704 Center St, Oakland, CA 94607
      View Details
    • New
      $979,000
      3,100 SF

      Oakland Victorian Home with Income

      Victorian home with ADU and basement income potential.
      1725 96Th Ave, Oakland, CA 94603
      View Details
    • $949,888
      1,662 SF

      Remodeled Duplex Near Highland Hospital

      Charming, remodeled 2-bedroom duplex in a prime Oakland location.
      3214 13Th Ave, Oakland, CA 94610
      View Details
    • New
      $2,250,000
      4,228 SF

      Mixed-Use Property in Uptown Oakland

      Residential and commercial income property with parking in dynamic location.
      356-360 24Th St, Oakland, CA 94612
      View Details
    • New
      $795,000
      2,070 SF

      Updated Duplex in Pill Hill

      Updated duplex with vacant units in Oakland's Pill Hill.
      2834 Summit St, Oakland, CA 94609
      View Details
    • $2,459,000
      14,266 SF

      Oakland Multifamily Investment Opportunity

      18-unit apartment building with remodeling and income potential.
      2100 51St Ave, Oakland, CA 94601
      View Details
    • $675,000
      Pending

      Oakland Multi-Family Property For Sale

      Two homes on a property with parking and garage spaces.
      3020 E 19Th St, Oakland, CA 94601
      View Details

    FAQs

    What type of property is this?
    Residential income home - Four-unit building, Dimond District, immediate cash flow
    Where is this residential income home located?
    The property is located at 2433 MacArthur Boulevard Oakland, CA.
    What is the asking price?
    The asking price for this property is $1,088,000.
    What are key features of this property?
    This property features: Four-unit mixed-use building in Oakland's Dimond District, offering immediate cash flow.; Two vacant 1-bedroom/1-bathroom units with private patios, laundry, and storage.; Two occupied retail units generate immediate rental income, located near I-580.
    (510) 368-8347
    Request Owner's contact information
    2433 MacArthur Boulevard Oakland, CA 94602
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2433 MacArthur Boulevard
    Oakland, CA 94602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2433 MacArthur Boulevard Oakland, CA 94602
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Aziz Khatri
    (510) 368-8347
    Learn more
    Google sign-in failed. Please try again or use another login method.