2-House Multifamily
For Sale
$799,990
93209322 Macarthur Blvd, Oakland, CA 94605
Two remodeled homes on one lot with C20 commercial zoning and access to major transportation routes.
Property Size1,843 SF
Price / SF$434.07
Days on Market1224
Property Features for 93209322 Macarthur Blvd
General Information
Standard status
Active
Size
1,843 SF
Property subtype
Residential Income
Zoning
C20
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Buildings
2
Listing Agency:
Sunrise Realty
(408) 615-7733
Listed By:
Tam Thi Bang Nguyen · License #01140559
(408) 391-8006
Source:
Exprealty
Added: Jun 14, 2023
Changed: Oct 10
Last Checked: Oct 16 at 3:15PM
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 Sunrise Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property includes two houses on a single lot with a combined property size of 1,843 square feet. The homes underwent extensive remodeling, including new flooring, cabinetry, kitchens, appliances, windows, doors, and interior and exterior paint. Bathrooms were updated, and both residences received new heaters and air-conditioning systems.
The 9322 Macarthur Boulevard house was built in 2004 and received electrical rewiring, upgraded panels and subpanels, a new water heater, and related improvements completed with City approval permits. The property is designated C20 commercial zoning and is near the Oakland Zoo and freeway 580.
The 9322 Macarthur Boulevard house was built in 2004 and received electrical rewiring, upgraded panels and subpanels, a new water heater, and related improvements completed with City approval permits. The property is designated C20 commercial zoning and is near the Oakland Zoo and freeway 580.
Key Highlights
- Two houses situated on one lot
- 1,843‑square‑foot property
- C20 commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,441
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,820
$668.8K
Cap Rate 7%
$477,729
$477.7K
Cap Rate 9%
$371,567
$371.6K
Market Conditions
NOI Build-Up for 1,843 SF
Gross rent
$64.1K $34.80/SF
− Vacancy
−$3.3K −$1.81/SF
EGI
$60.8K $32.99/SF
− OpEx
−$27.4K −$14.85/SF
NOI
$33.4K $18.14/SF
Area
ZIP 94605
Vacancy
5.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,820
Cap Rate 7%
$477,729
Cap Rate 9%
$371,567
Alternative Uses
Best Use
Apartment 5plus
$477.7K
$418.0K – $557.4K
NOI $33,441 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$532.9K
$466.3K – $621.8K
NOI $37,306 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two remodeled homes on one lot with C20 commercial zoning and access to major transportation routes.
Where is this multifamily property located?
The property is located at 93209322 Macarthur Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $799,990.
What are key features of this property?
This property features: Two houses situated on one lot; 1,843‑square‑foot property; C20 commercial zoning
