7960 Macarthur Boulevard, Oakland, CA 94605

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.