7960 Macarthur Blvd, Oakland, CA 94605 - MLS#41097556

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James Dye

jamesdye@heritageproperties.biz +1(925) 784-1650

Listed by Dina Williams • Redfin

$449,000

Est. payment - /mo

2 Beds

4 Baths

2,560 SqFt

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,560 sqft

Price per Sqft $175

Subdivision Eastmont Hills

MLS Listing ID 41097556

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1936

Lot Size 6,250 Sqft

Property Sub-Type Detached

Source Bridge AOR

Property Description

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%

Location

State CA

County Alameda

Interior

Heating Wall Furnace

Cooling None

Flooring Hardwood, Linoleum

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Free-Standing Range, Refrigerator, Dryer, Washer, Gas Water Heater

Laundry Dryer, Laundry Room, Washer

Exterior

Garage Spaces 3.0

Pool None

Private Pool false

Building

Lot Description Sloped Up, Security Gate

Story 2

Foundation Other

Water Public

Architectural Style See Remarks

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James Dye

+1(925) 784-1650

Broker Associate | License ID: 00897803

Broker Associate License ID: 00897803

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7960 Macarthur Blvd Oakland, CA 94605

James Dye

Key Details

Location

Interior

Exterior

Building

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