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    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

    Description

    Added:
    Jan 8, 2025
    Days on Market:
    363
    This exceptional four-unit mixed-use property, located at 2433 MacArthur Boulevard in Oakland, CA 94602, presents a compelling investment opportunity. The 2,240 square foot building, situated on a 0.0824 acre lot, boasts a blend of residential and commercial space. Built in 1941 and renovated in 2018, the property comprises two upper-level, one-bedroom, one-bathroom residential units, each featuring a private patio, laundry, and storage. These two units will be delivered vacant. Two street-level retail units are currently occupied, generating immediate cash flow for the new owner. Individual gas and electric meters are installed for each unit. The property's prime location, one block from the vibrant Dimond District shopping area near MacArthur Boulevard and Lincoln Avenue, offers easy access to numerous restaurants, shops, and freeway I-580. The zoning is RU-5 per the City of Oakland. This property is ideal for an owner-occupant seeking to live in one unit while leveraging rental income from the remaining units to offset mortgage costs. The combination of vacant residential units and income-producing retail spaces makes this a truly unique and attractive investment.

    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

    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.
    Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    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

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    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
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    2433 MacArthur Boulevard Oakland, CA 94602
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    Oakland, CA 94602
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    Realmo Value Estimation

    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.

    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.

    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
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