Mixed-Use Building with High
For Sale
$895,000
8016 Macarthur Blvd, Oakland, CA 94605
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 Market102
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
Changed: Jul 10
Last Checked: Aug 2 at 11:44AM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
523
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
Properties on Market for Mixed-use properties in Oakland
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
