Mixed-Use Property with Commercial
For Sale
$1,495,000
1478 Macarthur Blvd, Oakland, CA 94602
Residential apartments and two commercial spaces share a building with separately metered gas and electric service.
Property Size5,822 SF
Price / SF$256.78
Days on Market129
Property Features for 1478 Macarthur Blvd
General Information
Standard status
Active
Size
5,822 SF
Property subtype
5 or More Units
Site & Location
Neighborhood
Glenview
Units
Unit Mix
5 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
6
Individually Metered Utilities
gas, electric
Building Details
Building Size
5,822 SF
Year Built
1925
Listing Agency:
Oak Tree Property Group
Listed By:
Stephen Pagones · License #01760998
(510) 255-2248
Source:
Majrealtors
Added: Jun 25
Changed: Oct 31
Last Checked: Oct 30 at 3:04PM
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 Oak Tree Property Group
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Investment Insights
Based on property information with market context.
Built in 1925, this 5,822-square-foot mixed-use property contains six apartments and two commercial units. The residential mix includes five two-bedroom, one-bathroom apartments and one one-bedroom, one-bathroom apartment. Both commercial spaces have full kitchens and bathrooms. A seismic retrofit addressing the soft-story construction has been completed, and each unit has individual gas and electric meters.
Key Highlights
- 5,822‑square‑foot mixed‑use property built in 1925
- Six apartments: five two‑bedroom, one‑bathroom units and one one‑bedroom, one‑bathroom unit
- Two commercial units, each with a full kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,932
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,458,640
$2.5M
Cap Rate 7%
$1,756,171
$1.8M
Cap Rate 9%
$1,365,911
$1.4M
Market Conditions
NOI Build-Up for 5,822 SF
Gross rent
$234.0K $40.20/SF
− Vacancy
−$10.5K −$1.81/SF
EGI
$223.5K $38.39/SF
− OpEx
−$100.6K −$17.28/SF
NOI
$122.9K $21.12/SF
Area
Oakland, CA
Vacancy
4.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,458,640
Cap Rate 7%
$1,756,171
Cap Rate 9%
$1,365,911
Alternative Uses
Best Use
Apartment 5plus
$1.76M
$1.54M – $2.05M
NOI $122,932 @ 7.0% cap · market cap 8.22%
Second Best
Mixed Use
$1.26M
$1.10M – $1.47M
NOI $88,378 @ 7.0% cap · market cap 5.91%
Theoretical Best
Multifamily LT 5
$1.91M
$1.67M – $2.22M
NOI $133,427 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,519
Businesses Nearby
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Business Placement
Demographics for 94602, CA
29,702
Population
13,072
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
8,251
Density / Sq Mi
$124,744
Median Household Income
$65,401
Median Earnings
$1,924
Median Rent
$1,111,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential apartments and two commercial spaces share a building with separately metered gas and electric service.
Where is this mixed-use property located?
The property is located at 1478 Macarthur Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 5,822‑square‑foot mixed‑use property built in 1925; Six apartments: five two‑bedroom, one‑bathroom units and one one‑bedroom, one‑bathroom unit; Two commercial units, each with a full kitchen and bathroom
