714-745-2708

1251 Macarthur Blvd, Oakland, CA 94610

$1,195,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

David Howarth | david@pinzagroup.com
Lic#: 01360348
Broker: Courtesy of The Pinza Group, Inc
Phone: 510-822-1331

Agent Remarks

$50,000 price reduction! 4-unit apartment complex with excellent cash flow in a high demand rental location near Lake Merritt. The current cap rate is 7.29% and the current GRM is 9.96! 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 and coffee shops nearby with easy access to Downtown Oakland. BART, and other forms of public transportation.

Listing Details

Property type: Quadruplex (Multi-Family)

Status: Pending

MLS# 41138117

List price is $1,195,000 Reduced by $55,000 on 7/31/2026

Price: $1,195,000

HOA Fee is $0.00

Beds: 0

Baths: 0

Built in 1915

0.12 acres

Lot size: 0.1194

Subdivision: LAKE MERRITT

County: Alameda

Construction: See Remarks

Parking description: Other

Heating/cooling: See Remarks

Heating description: See Remarks

Last Updated: 8/19/2026

Days On Market (DOM): 68

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Lat/Long: 37.802591, -122.232441.
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