8016 Macarthur Blvd Oakland, CA 94605
Eastmont Hills NeighborhoodEstimated payment $6,895/month
Total Views
307
--
Bed
--
Bath
4,225
Sq Ft
$236
Price per Sq Ft
Highlights
- No HOA
- Cooling Available
- Heating Available
About This Home
6-unit apartment complex with excellent current income and a market-leading cap rate over 10%. The current cap rate is 10.64% and the current GRM is 6.53. The property is 100% occupied and offers an attractive unit mix of one 4bd/2bth unit, two 3bd/1bth units, two 2bd/1bth units, and one studio unit. The property was built in 1938, offers 4,225 square feet of rental space, and sits on an oversized 9,998 square foot lot, with a nice backyard area and ample parking. The property offers two mixed-use units in the front and four residential units in the back. The units are large and offer a variety of upgrades including newer kitchens and bathrooms, double pane windows, a newer roof, newer flooring, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is an attractive Oakland location near Mills College and a variety of restaurants and shopping options with easy access to Downtown Oakland, BART, HWY880 and HWY580.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $16,605
Year Built
- Built in 1938
Lot Details
- 9,998 Sq Ft Lot
Utilities
- Cooling Available
- Heating Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 40A342215
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $16,605 | $522,252 | $348,168 | $174,084 |
| 2023 | $13,413 | $512,014 | $341,343 | $170,671 |
| 2022 | $9,427 | $501,975 | $334,650 | $167,325 |
| 2021 | $8,860 | $492,133 | $328,089 | $164,044 |
| 2020 | $8,636 | $487,089 | $324,726 | $162,363 |
| 2019 | $8,133 | $477,540 | $318,360 | $159,180 |
| 2018 | $10,536 | $468,180 | $312,120 | $156,060 |
| 2017 | $7,650 | $459,000 | $306,000 | $153,000 |
| 2016 | $4,823 | $260,255 | $101,160 | $159,095 |
| 2015 | $4,790 | $256,346 | $99,641 | $156,705 |
| 2014 | $4,770 | $251,325 | $97,689 | $153,636 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | For Sale | $995,000 | -- | $236 / Sq Ft |
Source: bridgeMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $252,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Financial Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $220,000 | Golden Bay Title Co | |
| Grant Deed | $27,000 | Golden Bay Title Co | |
| Grant Deed | $106,000 | Golden Bay Title Co | |
| Grant Deed | $32,500 | Golden Bay Title Co | |
| Grant Deed | $32,500 | Golden Bay Title Co | |
| Trustee Deed | $195,057 | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $720,000 | Commercial | |
| Closed | $600,000 | New Conventional | |
| Closed | $375,000 | Commercial | |
| Previous Owner | $300,000 | Commercial | |
| Previous Owner | $193,649 | FHA | |
| Previous Owner | $193,650 | FHA | |
| Previous Owner | $195,000 | Commercial | |
| Closed | $25,000 | No Value Available |
Source: Public Records
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Originally a 4 plex. Discover the perfect blend of residential comfort and a thriving commercial income producing business in North Oakland. This unique property now offers: 3 residential units and a salon/barbershop. The upper unit is a 3 bedroom/2 bathroom craftsman style. This unit has an oversized bathroom, laminate, tile & carpet flooring, an eat-in kitchen, washer & dryer hookups with rear
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Source: bridgeMLS
MLS Number: 41104844
APN: 040A-3422-015-00
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Bay East 2025. CCAR 2025. bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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