281 MacArthur Blvd

Beds
Baths
15,600 Sq. Ft.
$343 / Sq. Ft.
15,600
Sq. Ft.
$343
per Sq. Ft.

Description

281 MacArthur Blvd is a 19-unit apartment building conveniently located in Oakland’s highly coveted Adam’s Point Neighborhood. Delivered to investors and 1031 Exchange buyers, this ±15,600 SF, asset was built in 1964 and is comprised of 19 X Two-Bedroom, One-Bathroom units. The property also features an on-site laundry facility and a secured parking garage that contains 17 parking spaces with an additional 2 uncovered parking spaces outside the garage. With in-place rents that are roughly 37% below...281 MacArthur Blvd is a 19-unit apartment building conveniently located in Oakland’s highly coveted Adam’s Point Neighborhood. Delivered to investors and 1031 Exchange buyers, this ±15,600 SF, asset was built in 1964 and is comprised of 19 X Two-Bedroom, One-Bathroom units. The property also features an on-site laundry facility and a secured parking garage that contains 17 parking spaces with an additional 2 uncovered parking spaces outside the garage. With in-place rents that are roughly 37% below market rate, there is potential to increase the property’s NOI by more than 100%.
  1. Listed by Keith Manson • DRE #01490046 • CBRE
  2. Listed by Zachary Greenwood • DRE #01960296 • CBRE

Property Details for 281 MacArthur Boulevard

City
OAKLAND
Building Type
Midrise (4-6 Flrs)
Property Sub Type
Midrise (4-6 Flrs)
Garage Spaces
0
Garage/Parking
Gate / Door Opener, Enclosed, Other, Spaces per Unit - 1
View
Bay, Bay Bridge, City Lights, Downtown, Golden Gate Bridge, Hills
Total # Parking Spaces
19
LISTING UPDATED: 05/01/2020 05:37 PM

Property Details for 281 MacArthur Boulevard

StatusSold
MLS #40877999
Days on Compass15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1964
Lot Size0.23 AC / 10,000 SF
CountyAlameda County

Location

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zachary Greenwood, DRE #01960296

Sold By SAM COHEN, BROKER, SAM COHEN, DRE #00443127

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Building Information for 281 MacArthur Boulevard

Stories-Residences19Year Built1964Building Size-Lot Size0.23 AC / 10,000 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$33,221 per month

30 year fixed, 6.11% Interest

Principal and Interest

$25,964

Property Taxes

$7,257

HOA Dues

$0

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Property Information for 281 MacArthur Boulevard

Features
Feature Details
  • Flooring: Carpet, Engineered Wood, Tile, Other
  • Laundry: Coin Operated, Dryer, In Laundry Room, Laundry Equip - Leased, Washer
  • Disability Features: Elevator, Other
Room Details
  • Rooms Total: 76
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: Ceiling Fan(s), Other
  • Heating: Gas, Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
  • HOA Dues: $.00
Property Details
  • Additional Equipment: Dryer, Fire Alarm System, Garage Door Opener, Other, Washer, Water Heater Gas
  • City Transfer Tax: Yes
  • Exterior: Concrete, Concrete Block, Stucco, Wood Frame, Other
  • Foundation: Concrete, Slab
  • Lot Description: Regular, Other
  • Lot Sq Ft Apx: 10000
  • Lot Size Square Feet: 10000.0
  • Roof: Tar and Gravel
  • Sq Ft Apx: 15600
  • Stories: 0.0
  • Year Built: 1964
Location Details
  • Directions to Property: MacArthut Blvd & Adams St
  • FIPS Code: 06001
  • Census Tract: 403600
  • Parcel Number: 010-0785-007-02
  • Printed Neighborhood Rpt: No
  • Board ID: QUATTRO San Francisco
Multi Family Information
General Details
  • All Units Have: Disposal, Other, Patio, Oven Range Free Standing, Refrigerator
  • Some Units Have: Deck, Dishwasher, Disposal, Other, Patio, Updated Baths, Updated Kitchen, Oven Range Free Standing, Refrigerator
  • Units Total: 19
  • Basement: None
  • Separate Meters: Electric, Gas
  • Tenant Pays: Electric, Gas, Parking, Other
  • Total Deposits: $0
  • Financial Data Source: Owner, Other
Income / Expense Details
  • Operating Expenses: Electric, Gas, Insurance, Janitorial, License/Ads, Maintenance/Repair, Management, Miscellaneous/Other, Property Tax/Assessments, Trash Removal, Utilities, Vacancy Factor, Other, Water
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 4
  • Unit # 1 Occupied By: Vacant
  • Unit # 1 Dining Room: Yes
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
Unit 2
  • Unit 2 # Units This Type?: 15
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 Dining Room: Yes
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Range Oven: Yes
  • Unit # 2 # of Bedrooms: 2
  • Unit # 2 # of Bathrooms: 1
Building Details
  • Additional Features-Misc: Balcony/Patio, Elevator, Extra Storage, Other
  • Apx Lot Acres: 0
  • Inspection Reports Available: Pest, Sewer Lateral Test, Other
  • On Site Parking Description: Covered Parking, Enclosed Garage, Garage Parking, Security Garage, Space Per Unit - 1, Other
  • Tot Ann Oper Exp: 0.0
  • Type of Building: Apt Complex
  • Total Deposits: 0
Income / Expense Details
  • Annual Exp Year: 0
  • Annual Gross Sched Income: $0
  • Annual Insurance Expense: $0
  • Annual License Expense: $0
  • Annual Maint Expense: $0
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $0
  • Annual Rent Income: $0
  • Annual Taxes: $0
  • Annual Util Expense: $0
  • Annual Vacancy: 0.0
  • Gross Income: $0
  • Gross Operating Actual Income: $433,300
  • Net Operating Income: $238,399
  • Other Annual Expense: $0
Other Financial Information
  • Cap Rate: 4.13
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 281 MacArthur Boulevard

DateEvent & SourcePriceAppreciation
Nov 7, 2019

Sold

EBRD #SF488390

$5,350,000
Nov 7, 2019

Sold

EBRD #40877999

$5,350,000
Nov 7, 2019

Sold

MLSListings #MR40877999

$5,350,000
Nov 7, 2019

Sold

RESFAR #488390

$5,350,000
Nov 4, 2019

Sold (Public Record)

Public Record #658126912

$5,350,000
Aug 27, 2019

Pending

RESFAR #488390

Aug 27, 2019

Pending

EBRD #SF488390

Aug 27, 2019

Pending

EBRD #40877999

Aug 27, 2019

Pending

MLSListings #MR40877999

Aug 12, 2019

Listed (Active)

EBRD #40877999

$5,750,000
Aug 12, 2019

Listed (Active)

MLSListings #MR40877999

$5,750,000
Aug 12, 2019

Listed (Active)

RESFAR #488390

$5,750,000
Aug 12, 2019

Listed (Active)

EBRD #SF488390

$5,750,000
DateEvent & SourcePrice
11/07/2019

Sold

EBRD #SF488390

$5,350,000
11/07/2019

Sold

EBRD #40877999

$5,350,000
11/07/2019

Sold

MLSListings #MR40877999

$5,350,000
11/07/2019

Sold

RESFAR #488390

$5,350,000
11/04/2019

Sold (Public Record)

Public Record #658126912

$5,350,000
08/27/2019

Pending

RESFAR #488390

08/27/2019

Pending

EBRD #SF488390

08/27/2019

Pending

EBRD #40877999

08/27/2019

Pending

MLSListings #MR40877999

08/12/2019

Listed (Active)

EBRD #40877999

$5,750,000
08/12/2019

Listed (Active)

MLSListings #MR40877999

$5,750,000
08/12/2019

Listed (Active)

RESFAR #488390

$5,750,000
08/12/2019

Listed (Active)

EBRD #SF488390

$5,750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 281 MacArthur Boulevard

Taxable ValueLand$1,753,963Additions$4,092,800Total$5,846,763
Tax Record2025$87,080 ($7,257 / month)
Home Facts
Total Finished SqFt12,204 SqFtAbove Grade Finished SqFt12,204 SqFtStories3Lot Size10,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountyALAMEDAAPN10-785-7-2

Schools near 281 MacArthur Boulevard

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Piedmont Avenue Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

AIMS College Prep High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zachary Greenwood, DRE #01960296

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.