1251 Macarthur Blvd · Oakland, CA 94610

$1,250,000

7 bd · 4.0 ba · 4,236 sqft · MultiFamily public records · 6 Days on market

Built 1915 5,200 sqft lot Est $1762k · 29% under

---

Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.9/10.0
• 1% rule +6.6/10.0
• Livability +3.6/5.0
• Rent growth +3.3/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

Newly Remodeled 4-plex $250K, Add 550 sf with Permit *New: Roof, Security Gate, Fence, Electrical Panels/Wires/Switches, Water Heater, Wall Electric Heater, Windows, Driveway, Sewer, Inter/Exter Paint, Pergo Floor+Refrigerators, Public Washer/Dryer, Close to Hospital, Schools, 580 *Est Rent: $5000/M

Key facts

• Custom tile
• 5,200 sq ft lot
• Built 1915

Tags

• 4 UNIT APARTMENT COMPLEX
• HIGH DEMAND RENTAL LOCATION
• FULLY REMODELED UNITS
• NEW KITCHENS AND BATHROOMS
• STAINLESS STEEL APPLIANCES
• CUSTOM TILE

Property features AI

Exterior

• Parking: Total of 4 parking spaces; Unit 1 includes 1 parking space; Unit 2 includes 1 parking space; Unit 3 includes 1 parking space
• Utilities: Public water; Public sewer
• Home design: Quadruplex (residential income); Built in 1915
• Construction: Building area total 4,236 square feet
• Exterior features: Lot of approximately 0.12 acres

Interior

• Bathrooms: Unit 1 has 2 bathrooms; Unit 2 has 1 bathroom; Unit 3 has 1 bathroom; There are 4 units total (bathroom counts provided for three units)
• Heating & cooling: Heating present
• Interior features: Residential income property with four units

What this means for you Summary

Snapshot

• This is a 4 × 7-bed/4.0-bath units multifamily listed at $1.25M.

Deal economics

• At list price, monthly cash flow is $3k ($39k/yr) — positive. Per door: $805/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($15k rent vs $1.25M).
• Cap rate 9.4% vs local median 2.4% in Oakland — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 71/100 on livability (#224 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: schools C-, crime F, cost of living F.
• Oakland Unified (urban): math 27% / reading 33% proficiency, ranked #1,007 of 1,400 in CA (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.3%/yr); 107 active listings in the ZIP; high-income renter base; 1,742 units permitted in Alameda County in 2024 (856 in 5+ unit buildings).
• At $14,513/mo this rent would consume 129% of the median local household income ($135k/yr) (locally 1614% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $9k of loan paydown is wiped out by about $38k of value loss. Plan a longer hold.
• Alameda County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.3% rent growth), your $350k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 15y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $640k; list at $1.25M implies a 95% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $1,250,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.16% ✓
• Cap rate: 9.39%
• Cash-on-cash: 11.05%
• DSCR: 1.49
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $1,762,176
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3800 Greenwood Ave	0.27mi	8/4.0 (+1)	4,088 (-4%)	10mo	$1,400,000	$342	68
2909 Park Blvd	0.33mi	8/4.0 (+1)	4,234 (-0%)	18mo	$1,500,000	$354	65
1129 Wellington St	0.65mi	6/4.0 (-1)	3,767 (-11%)	10mo	$1,737,645	$461	38
4345-4347 Leach Ave	0.71mi	6/5.0 (-1)	3,783 (-11%)	5mo	$1,575,000	$416	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.34% rent growth · sell at horizon

5-year hold

• IRR: 0.6%
• Equity multiple: 1.02×
• Total profit: $7,606
• Equity at exit: $186,379

10-year hold

• IRR: 10.5%
• Equity multiple: 1.83×
• Total profit: $291,341
• Equity at exit: $108,077

Cash invested: $350,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City Oakland: 0 Strongly Tenant-Friendly · D+62

Rent Adjustment Program + Just Cause.

Methodology + full state rankings →

ZIP-level market 94610

• Rents YoY: 3.3%
• Active inventory: 107
• Price-to-rent: 28.7×

Monthly cashflow live

• Estimated rent: $14,513 medium
• Mortgage (P&I): −$6,555
• Tax from tax record: −$1,167 /mo · $14,009/yr
• Insurance: −$521
• HOA: −$0
• Vacancy / Maint / Mgmt: −$3,048
• Net cashflow: $3,222

Break-even live

Break-even rent $10,435

Max offer price $1,250,000

Occupancy floor 73%

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	7	4	$14,512
Total (4 units)			$14,513

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $312,500
• Closing costs: $37,500
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-18
   days on market $1,250,000 Active 6 DOM
2. 2026-06-17
   days on market $1,250,000 Active 5 DOM
3. 2026-06-16
   days on market $1,250,000 Active 4 DOM
4. 2026-06-15
   days on market $1,250,000 Active 3 DOM
5. 2026-06-13
   remarks 689-char remark
6. 2026-06-13
   listed $1,250,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $14,009 · $1,167/mo
• Projected year-2 tax: $14,009 · $1,167/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥84°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 14 unhealthy d/yr today · 14 by 30 yrs out

Taxation est. · year 1

• Rental income: $174,156
• − Mortgage interest: −$70,019
• − Property taxes: −$14,009
• − Insurance: −$6,250
• − Repairs & maintenance: −$13,932
• − Management: −$13,932
• − Depreciation: −$36,364
• Taxable income: $19,649
• Est. tax owed @ 24.0%: −$4,716
• After-tax cash flow: $33,947/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Oakland Unified
• NCES district ID: 0628050
• Math proficiency: 27% ▬ 0.00%
• Reading proficiency: 33% ▬ 0.00%
• Median HH income: $55,194
• Composite: 29.52/100
• National rank: #11769
• State rank: #1007 of 1400 in CA

Livability — Oakland

• Score: 71/100
• State rank: #224
• US rank: #7245

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing B Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oakland, CA
• County: Alameda County · 1,614,355 people
• City population: 385,993
• Metro: San Francisco-Oakland-Berkeley, CA
• Population (ZIP): 32,628
• Household income: $134,507
• Rent vs Own: 62.0% rent · 38.0% own
• Severe rent burden: 1614.0

Population outlook (Alameda County) Hauer SSP2

• Today (2025): 1,928,884 people
• By 2030: 2,069,146 · +7.3%
• By 2040: 2,338,405 · +21.2%
• By 2050: 2,586,608 · +34.1%
• By 2075: 3,061,911 · +58.7%
• By 2100: 3,234,133 · +67.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 50% Asian 17% Black 13% Two or more races 13% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 3% Lithuanian 3% Scotch-Irish 2%
• Foreign-born: 18% · China, Canada, Vietnam
• Languages at home: 77% English-only · Spanish 7% Chinese 4% Other Asian/Pacific 3%

Political lean MEDSL · Alameda

• 2024 margin: Solid D (+53.6) · D 74.6% · R 21.0% · Other 4.4%
• 2008→2024 swing: -5.9pp toward R · 2008: 59.5pp · 2024: 53.6pp
• All cycles: 2024: D+53.6 2020: D+62.5 2016: D+64.4 2012: D+59.8 2008: D+59.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1222.50%
• Current HPI: 290.482
• Rent YoY: ▲ 3.34%
• Metro: San Francisco-Oakland-Berkeley, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+150.0% since first listed

13 events — show timeline

• 2026-06-12 Listed $1,250,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2015-04-01 Sold (Public Records) $640,000 Public Records
• 2015-04-01 Sold (MLS) $640,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2015-03-09 Pending — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2015-02-20 Listed $598,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2012-04-26 Sold (MLS) $240,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2012-04-07 Pending — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2012-04-03 Price Changed $245,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2012-02-21 Listed $297,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2011-11-07 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2011-07-20 Listed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2003-07-18 Sold (Public Records) $415,000 Public Records
• 1994-10-31 Sold (Public Records) $500,000 Public Records

Property tax history

+3.8%/yr

Latest (2025): $14,009 · +4.4% YoY. Source: county tax records.