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7960 Macarthur BLVD Oakland, CA 94605
6,250 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226100754
HOA Y/N No
Year Built 1936
Lot Size 6,250 Sqft
Acres 0.1435
Property Sub-Type Mixed Use
Source MLS Metrolist
Property Description
Discover the flexibility and upside potential of this approximately 6,250 sq. ft. mixed-use property along Oakland's established MacArthur Boulevard commercial corridor of Eastmont Hills. Offering a combination of residential, retail/office and additional usable space, this property presents a compelling opportunity for an investor, owner-user, entrepreneur, or buyer looking to reposition the property for increased income. The property includes four units with mixed-use potential, allowing for a variety of residential and commercial uses, subject to City approval and applicable zoning requirements. Approximately 2,560 sq. ft. is currently utilized as tenant- and owner-occupied living space, while the balance offers significant potential for commercial occupancy, reconfiguration, or possible creation of additional residential units. An oversized approximately 700 sq. ft. garage/workshop provides another income-producing or owner-user component. One residential unit, a 2-bedroom/1-bath, is currently rented at $1,225 per month, with the garage generating an additional $300 per month, for current actual rents of $1,525 per month. Long-term tenant(s) to convey with the sale, while three commercial spaces are anticipated to be delivered vacant, giving the next owner an opportunity to establish new businesses, lease at current market rates, or occupy space for their own operation. The location is an important part of the opportunity. Situated directly on MacArthur Boulevard in East Oakland, the property is surrounded by neighborhood-serving retail, markets, restaurants, services and other commercial uses. Nearby businesses demonstrate the corridor's mix of everyday retail and service-oriented uses, making the property potentially suitable for neighborhood retail, professional services, office, studio, workshop or other permitted uses. Occupy part and lease the balance, reposition the commercial spaces, explore additional residential income, or create a combination of uses tailored to a long-term investment strategy.
Location
State CA
County Alameda
Area Oakland Zip 94605
Direction Macarthur
Location Details Neighborhood,Restaurant Nearby,Shopping Nearby,Strip Center
Interior
Heating Other
Cooling Other
Flooring Combo of Materials
Exterior
Parking Features Street, Uncovered, Garage
Utilities Available Sewer Connected
Water Access Desc Public
Roof Type Composition,Metal
Road Frontage City Street
Building
Story 2
Foundation Concrete
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 040A-3422-020
Special Listing Condition Short Sale
Listed by CalPrime Realty