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$4,995,000
501 W Macarthur, Oakland, CA, 94609
18,682
Square Feet
4.81% CAP RATE | 11.61 GRM -Walk Score 98 (Walker's Paradise) -Bike Score 92 (Biker's Paradise) -Transit Score 99 (Great Transit) Built in the 1930’s, 501 and 521 W Macarthur Blvd are two adjacent parcels located in the Temescal neighborhood, on one of Oakland’s most iconic corners – Telegraph and MacArthur. The property is home to 1 large commercial space occupied by “Lucky Florist”, which has been in business for almost 90 years on this notable corner. The parcels also consist of 26 apartments, 1 commercial unit + billboard. The apartments featuring (25) large studios, (1) one bedroom / one-bath unit and a sizable parking lot. 12 of these apartments will be delivered vacant, giving new owners a clear path to boosting rents and fulfilling a vision for the property. The asset is also located in a high impact zone and allows 1 unit per 275 SF of land – totaling 49 potential units – making it a prime. The location is undeniable, and the potential for creating a timeless landmark is clear
Offered By
Transwestern Property Co.
Property Details
Property Type
Multi-Family
Status
Active
Property Sub Type
Lowrise
Square Feet
18,682
MLS #
41018132
Flooring
None
Appliances
[]
BATH FEATURES
[]
FIREPLACE FEATURES
[]
Heating
None
Cooling
None
Utility Features
No Water/Sewer
SEWER
None
WATER SOURCE
None
Year Built
1935
Basement
None
EXTERIOR FEATURES
[]
Parking Features
No Garage
Lot Features
["No Lot"]
CITY
Oakland
COUNTY
Alameda
AREA
Oakland Zip Code 94606
STATE
CA
LATEST UPDATE
2023-03-28T08:25:06.537Z
PRICE CHANGE(S)
$6,000,000 Jan 30, 2023
$4,995,000 Mar 21, 2023
Property Details
Property Type
Multi-Family
Status
Active
Property Sub Type
Lowrise
Square Feet
18,682
MLS #
41018132
New Properties On Market
15
150%
Increase In New Listings
Average Asking Price
$1,045,988
$274,906 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$615
$251 Increase In List Price/Sq. Ft.
Data as of May 18, 2024.
Remaining statistics above are calculated on activity within the period from Mar 01, 2024 to Apr 30, 2024.
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The information provided by this calculator is for illustrative purposes only and accuracy is not guaranteed. The values and figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. This calculator does not have the ability to pre-qualify you for any mortgage or loan program. Qualification for mortgages or loans requires additional information such as credit scores and existing debts which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. All information such as interest rates, taxes, insurance, monthly mortgage payments, etc. are estimates and should be used for comparison only.
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Based on information from this brokerage/Association of REALTORS® (alternatively, from the East Bay Regional Data MLS) as of 2024 (date the AOR/MLS data was obtained). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from this brokerage/Association of REALTORS® (alternatively, from the East Bay Regional Data MLS) as of 2021 (date the AOR/MLS data was obtained). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.