Home | Alameda County | Oakland | 94610 | 1251 Macarthur Blvd
MLS: EB41138117 | Status: Active | Price: $1,250,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 4,236 | 5,200 | 1915 |
www.1251MacArthur.com; 4-unit apartment complex with excellent cash flow in a high demand rental location near Lake Merritt. The current cap rate is 6.91% and the current GRM is 10.42! The property is 100% occupied and offers an ideal unit mix of one 3bd/2bth unit and three 2bd/1bth units. The property was originally built in 1915, offers approximately 4,236 square feet of rental space, and sits on a 5,200 square foot lot with ample room for parking. The units have been fully remodeled and offer new kitchens and bathrooms with new cabinets, stainless steel appliances, custom tile, wood floors, double pane windows, new paint, new lighting, and more. There are two separate buildings with a unique layout providing maximum space and privacy where each unit feels like it's own separate home. The two back units offer two levels and a nice townhome feel with bedrooms on the second level. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with little deferred maintenance resulting in an attractive turn-key investment. The property is close to Lake Merritt with easy access to HWY 580 and the Grand Lake, Lower Dimond, and Laurel shopping districts. There are countless restaurants
| Field | Value |
|---|---|
| MLS # | EB41138117 |
| MLS Source | Bridge MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Appliances | Other |
| Flooring | Other |
| Cooling | Other |
| Heating | Other |
| Feature | Details |
|---|---|
| Garage/Parking | Other, Garage: Car(s) |
| Complex Amenities | Other |
David Howarth
The Pinza Group, Inc
License #: 01360348
Phone: (510) 822-1331
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,236 | 3 | 0/0 | $2,710 |
| 2 | 1,000 | 2 | 0/0 | $2,835 |
| 3 | 1,000 | 2 | 0/0 | $2,197 |
| 4 | 1,000 | – | 0/0 | $2,258 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Edna Brewer Middle School | public | 6-8 | 0.20 mi | 8 |
| Oakland High School | public | 9-12 | 0.22 mi | 4 |
| Bella Vista Elementary School | public | K-5 | 0.31 mi | 4 |
| Cleveland Elementary School | public | K-5 | 0.63 mi | 6 |
| Crocker Highlands Elementary School | public | K-5 | 0.64 mi | 9 |
| Glenview Elementary School | public | K-5 | 0.76 mi | 8 |
| Manzanita Community | public | K-5 | 0.85 mi | 1 |
| Manzanita SEED | public | K-5 | 0.88 mi | 4 |
| Roosevelt Middle School | public | 6-8 | 0.91 mi | 3 |
| Franklin Elementary School | public | K-5 | 1.09 mi | 7 |
| Fruitvale Elementary School | public | K-5 | 1.11 mi | 2 |
| Garfield Elementary School | public | K-5 | 1.13 mi | 3 |
| Sequoia Elementary School | public | K-5 | 1.19 mi | 7 |
| Wildwood Elementary School | public | K-5 | 1.19 mi | 9 |
| Neighborhood Centers Adult Education | public | UG | 1.20 mi | N/A |
| Piedmont Middle School | public | 6-8 | 1.35 mi | 8 |
| Millennium High Alternative School | public | 9-12 | 1.40 mi | 7 |
| Piedmont Preschool | public | UG | 1.40 mi | N/A |
| La Escuelita Elementary School | public | K-5 | 1.43 mi | 2 |
| Piedmont Adult Education | public | UG | 1.43 mi | N/A |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1736 23rd Ave | $1,200,000 | – | – | 9,352 | |
| 2550 Damuth St | $1,198,888 | – | – | 4,003 | Active |
| 2415 San Pablo Ave | $1,225,000 | – | – | 6,638 | |
| 647 Beacon St | $1,495,000 | – | – | 4,752 | Active |
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This listing information is up-to-date as of June 12, 2026. For the most current information, please contact David Howarth, (510) 822-1331.