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    2240 Macarthur Blvd Oakland, CA 94602

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    For Sale
    $3,000,000

    18 residential units plus commercial storefront in vibrant neighborhood.

    Property size:
    14,300 SF

    Property Features for 2240 Macarthur Blvd

    General Information

    Standard status
    Active
    Size
    14,300 SF

    Building Details

    Year built
    1927

    Source: FRANK T. HENNEFER, BROKER Agent FRANK HENNEFER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in Dimond District

    This multi-residential building, featuring 18 units and a commercial storefront, was constructed in 1927. It is situated above the 580 Freeway in the Dimond District, a neighborhood known for its restaurants, stores, local banks, and public transportation access. Farmer Joe’s Marketplace, located on Fruitvale Avenue, offers fresh produce and a meat market. Safeway Market, CVS, and several cafes are also nearby. Carpooling is available at Fruitvale and Montana Street. Dimond Park on Fruitvale provides tennis courts, a pool, and a playground. The property has been under long-term ownership and professional property management for many years. Over the last 9 years, improvements have been completed, including exterior painting, seismic retrofitting, a newer roof, a newer water heater tank, and a newer fire alarm system. Many apartments have been renovated with updated kitchens and baths. The building's heat is supplied by an energy-efficient boiler in the basement. There are separate electric meters, which are tenant expenses, and one master water meter, which is an owner expense. The property size is 14300 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.215094
    Latitude
    37.800328

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    FAQs

    What type of property is this?
    Apartment building - 18 residential units plus commercial storefront in vibrant neighborhood.
    Where is this apartment building located?
    The property is located at 2240 Macarthur Blvd Oakland, CA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Prime location in the Dimond District, known for restaurants, stores, banks, and public transportation.; - Seismic retrofitting, newer roof, water heater, and fire alarm system.; - Well-maintained building under long-term ownership and professional property management.
    (510) 305-5436
    Request Owner's contact information
    2240 Macarthur Blvd 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
    2240 Macarthur Blvd Oakland, CA 94602
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