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392-398 MacArthur Blvd 3,560 SF 100% Leased Retail Building San Leandro, CA 94577 $1,188,000 ($333.71/SF) 3.85% Cap Rate
Investment Highlights
- Diverse Five-Unit Mix
- Premium Owner-User Flexibility
- Strategic High-Traffic Location
- Delivered Fully Vacant
- Value-Add & Density Play
- Separately metered for gas and electricity
Executive Summary
Introducing 398 MacArthur Blvd, a unique income-generating property in the heart of San Leandro, CA. This mixed-use asset offers a blend of residential and retail spaces, presenting diverse income opportunities. With a strategic location in a high-demand area with strong foot traffic, this property stands out for immediate repositioning or redevelopment potential. The three retail storefronts provide visibility and income generation, while separate metering for gas and electricity ensures efficient expense management. Plus, the vacant units offer flexibility for lease-up or redevelopment to maximize returns. Situated for long-term growth, this property is ideal for owner-users seeking an income-producing asset with room for expansion. Don't miss out on the potential of 398 MacArthur Blvd for a lucrative investment opportunity in the bustling East Bay/Oakland market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,560 SF
Building Class
C
Year Built/Renovated
1935/2026
Price
$1,188,000
Price Per SF
$333.71
Cap Rate
3.85%
NOI
$45,790
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.23 AC
Zoning
C2, San Leandro
Parking
2 Spaces (0.99 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 076-0318-008-02 | Improvements Assessment | $312,470 |
| Land Assessment | $276,416 | Total Assessment | $588,886 |
Property Taxes
Parcel Number
076-0318-008-02
Land Assessment
$276,416
Improvements Assessment
$312,470
Total Assessment
$588,886
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392-398 MacArthur Blvd
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