A unique investment opportunity in the vibrant city of Oakland. This spacious 6250 sqft property offers incredible versatility due to its mixed-use zoning, allowing each of the four units to be used for either residential or commercial purposes such as retail or office space. In addition to the fourplex, the property includes a generously oversized 700 sqft garage/workshop, providing further flexibility. This property also holds significant potential for expansion. Currently, 2560 sqft is partially used as tenant and owner-occupied living space, with the remaining area offering the possibility of creating additional residential rental units or a substantial 3260 sq ft of leasable commercial space. Imagine the possibilities, the flexibility, and the profit potential this unique zoning can provide. This is a fantastic opportunity for both owner-occupiers and investors looking for immediate rental income and considerable future growth! Long Term Tenants to convey with sale. Three commercial spaces will be delivered vacant. Total actual rent: $1525/month ($1225 for the 2bd 1 bath.. $300 for the garage). As-Is sale. CASH or COMMERCIAL LOAN ONLY because of the mixed use zoning. Proforma for other units are $1000, $1000, and $1200 with potential CAP RATE of 6%
Property Details
Price:
$449,000
MLS #:
41097556
Status:
Active
Beds:
2
Baths:
4
Address:
7960 Macarthur Blvd
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
EASTMONT HILLS
City:
Oakland
Listed Date:
May 15, 2025
State:
CA
Finished Sq Ft:
2,560
ZIP:
94605
Lot Size:
6,250 sqft / 0.14 acres (approx)
Year Built:
1936
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Schools
Interior
Appliances
Gas Water Heater
Cooling
None
Fireplace Features
None
Flooring
Wood, Laminate
Heating
Wall Furnace
Exterior
Garage Spaces
3.00
Lot Features
Up Slope from Street
Parking Features
Garage
Parking Spots
3.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Financial
Map
Community
- Address7960 Macarthur Blvd Oakland CA
- SubdivisionEASTMONT HILLS
- CityOakland
- CountyAlameda
- Zip Code94605
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7960 Macarthur Blvd
Oakland, CA
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