Four-Unit Residential Income
1251 Macarthur Blvd Oakland, CA 94610
1251 Macarthur Blvd, Oakland, CA, 94610
$1,250,000
For Sale
$1,250,000
Four-unit apartment complex with fully remodeled interiors, stainless appliances, and two separately metered buildings.
Property Size4,236 SF
Lot Size0.12 Acres
Price / SF$295.09
Days on Market36
Property Features for 1251 Macarthur Blvd
General Information
- Standard status
- Active
- Size
- 4,236 SF
- Lot size
- 0.12 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1915
Listing agency
The Pinza Group, Inc
(510) 822-1331
Listed by
David Howarth · License #01360348
(510) 822-1331
Source
Elliman
Added: Jun 17 Updated: Jul 22 at 10:45AM Checked: Jul 22 at 10:45AM
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.
Four-unit apartment complex with a unique layout across two separate buildings, designed to give each unit a distinct, home-like feel. The property offers one 3-bedroom, 2-bath unit and three 2-bedroom, 1-bath units. Built in 1915, the units have been fully remodeled with new kitchens and bathrooms, new cabinets, stainless steel appliances, custom tile, wood floors, double pane windows, new paint, and updated lighting.
The property sits on a 5,200 square foot lot with ample room for parking and is described as 100% occupied. It is separately metered for PG&E, supporting efficient utility management.
Located near Lake Merritt with easy access to Highway 580, the property is also close to Grand Lake, Lower Dimond, and Laurel shopping districts, with nearby restaurants and coffee shops and access to public transportation including BART and other transit options.
The property sits on a 5,200 square foot lot with ample room for parking and is described as 100% occupied. It is separately metered for PG&E, supporting efficient utility management.
Located near Lake Merritt with easy access to Highway 580, the property is also close to Grand Lake, Lower Dimond, and Laurel shopping districts, with nearby restaurants and coffee shops and access to public transportation including BART and other transit options.
Key Highlights
- 1915‑built 4‑unit apartment complex with approx. 4,236 SF of rental space
- 100% occupied with unit mix of one 3BD/2BA and three 2BD/1BA units
- Fully remodeled units with new kitchens and bathrooms, stainless steel appliances, double pane windows, new paint, and updated lighting
Local Financial Insights For Multifamily LT 5
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 | $144.9k | $34.20 |
| − Vacancy | −$6.2k | −$1.46 |
| EGI | $138.7k | $32.74 |
| − OpEx | −$41.6k | −$9.82 |
| NOI | $97.1k | $22.92 |
4,236 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.21M – $1.62M
NOI $97,080 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,443 @ 7.0% cap · market cap 7.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit apartment complex with fully remodeled interiors, stainless appliances, and two separately metered buildings.
Where is this quadplex located?
The property is located at 1251 Macarthur Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1915‑built 4‑unit apartment complex with approx. 4,236 SF of rental space; 100% occupied with unit mix of one 3BD/2BA and three 2BD/1BA units; Fully remodeled units with new kitchens and bathrooms, stainless steel appliances, double pane windows, new paint, and updated lighting
