Mixed-Use Building with High
8016 Macarthur Blvd Oakland, CA 94605
8016 Macarthur Blvd, Oakland, CA, 94605
$895,000
For Sale
$895,000
Six-unit mixed-use property with high income and expansion potential.
Property Size4,225 SF
Lot Size0.23 Acres
Price / SF$211.83
Days on Market89
Property Features for 8016 Macarthur Blvd
General Information
- Standard status
- Active
- Size
- 4,225 SF
- Lot size
- 0.23 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1938
Listing agency
The Pinza Group Inc
(510) 822-1331
Listed by
David Howarth · License #01360348
(510) 822-1331
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:18PM Checked: Jul 21 at 6:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Pinza Group Inc
Investment Insights
Based on property information with market context.
This six-unit mixed-use building presents an opportunity for investors or owner-occupants. Constructed in 1938, the property features two retail units in the front building and four residential units in the rear building. The property provides 4,225 square feet of rental space on a 9,998 square foot lot, which includes a large backyard and ample parking. The front retail units have two tenants and can be delivered vacant at closing. The rear building contains one 4-bedroom, 2-bathroom unit, one 3-bedroom, 1-bathroom unit, and two 2-bedroom, 1-bathroom units. The backyard offers potential for expansion or additional dwelling unit (ADU) development. Upgrades include newer kitchens and bathrooms, double pane windows, newer roofing, and newer flooring. The property is separately metered for PG&E, contributing to low annual operating expenses. The property has a current cap rate of 12.49% and a current GRM of 5.70. The location has a walk score of 61, indicating it is somewhat walkable, a transit score of 53, indicating good transit options, and a bike score of 24, indicating it is somewhat bikeable.
Key Highlights
- Excellent current income with a 12.49% cap rate and a 5.70 GRM.
- Two retail units can be delivered vacant at closing, offering flexibility.
- Oversized 9,998 sq ft lot with a huge backyard offering potential for expansion or ADU development.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.0k | $34.80 |
| − Vacancy | −$7.6k | −$1.81 |
| EGI | $139.4k | $32.99 |
| − OpEx | −$62.7k | −$14.85 |
| NOI | $76.7k | $18.14 |
4,225 SF · lease $34.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$958.3K – $1.28M
NOI $76,661 @ 7.0% cap · market cap 8.57%
Second Best
Retail
$844.2K
$738.6K – $984.9K
NOI $59,091 @ 7.0% cap · market cap 6.60%
Theoretical Best
Multifamily LT 5
$1.22M
$1.07M – $1.43M
NOI $85,522 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Six-unit mixed-use property with high income and expansion potential.
Where is this mixed-use property located?
The property is located at 8016 Macarthur Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Excellent current income with a **12.49% cap rate** and a **5.70 GRM**.; Two retail units can be delivered vacant at closing, offering flexibility.; **Oversized 9,998 sq ft lot** with a huge backyard offering potential for expansion or ADU development.
