501 West MacArthur Boulevard
501 West MacArthur Boulevard
$3,500,000
—
18,682
18,682
$187
Sold 6/13/23
Description
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,...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
- Listed by Robert Dau • DRE #01992248 • Transwestern Property Co.
Property Details for 501 West MacArthur Boulevard
City
OAKLAND
Building TypeLowrise (1-3 Flrs)
Property Sub TypeLowrise (1-3 Flrs)
Garage Spaces0
Total # Parking Spaces10
Location
LISTING UPDATED: 10/03/2023 08:44 AM
Property Details for 501 West MacArthur Boulevard
Status | Sold |
---|---|
MLS # | 41018132 |
Days on Compass | 118 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units |
Year Built | 1935 |
Lot Size | 0.40 AC / 17,300 SF |
County | Alameda County |
Location
Building Information for 501 West MacArthur Boulevard
Stories-Residences27Year Built1935Building Size-Lot Size0.40 AC / 17,300 SF
Payment Calculator
$20,153 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 501 West MacArthur Boulevard
Property History for 501 West MacArthur Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 501 West MacArthur Boulevard
Taxable ValueLand$117,593Additions$78,474Total$196,067
Tax Record2023$12,629 ($1,052 / month)
Home Facts
Total Finished SqFt6,570 SqFtAbove Grade Finished SqFt6,570 SqFtStories1Lot Size13,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1935CountyALAMEDAAPN12-966-1
Schools near 501 West 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 - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Emerson Elementary School PublicK to 5 | ||
Westlake Middle School Public6 to 8 | ||
Oakland Technical High School Public9 to 12 | ||
Oakland Military Institute, College Preparatory Academy Charter6 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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