501 West MacArthur Boulevard

Oakland, CA 94609

$3,500,000
Last Sold Price
Beds
18,682 Sq. Ft.
$187 / Sq. Ft.
18,682
Sq. Ft.
$187
per Sq. Ft.

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
  1. Listed by Robert Dau • DRE #01992248 • Transwestern Property Co.

Property Details for 501 West MacArthur Boulevard

City
OAKLAND
Building Type
Lowrise (1-3 Flrs)
Property Sub Type
Lowrise (1-3 Flrs)
Garage Spaces
0
Total # Parking Spaces
10

Location

Listing Courtesy of Transwestern Property Co., Robert Dau, DRE #01992248

Sold By Bay East AOR, OUT OF AREA NON MEMBER, DRE #02043397

Add your commute
LISTING UPDATED: 10/03/2023 08:44 AM

Property Details for 501 West MacArthur Boulevard

StatusSold
MLS #41018132
Days on Compass118
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units
Year Built1935
Lot Size0.40 AC / 17,300 SF
CountyAlameda County

Location

Listing Courtesy of Transwestern Property Co., Robert Dau, DRE #01992248

Sold By Bay East AOR, OUT OF AREA NON MEMBER, DRE #02043397

Add your commute

Building Information for 501 West MacArthur Boulevard

Stories-Residences27Year Built1935Building Size-Lot Size0.40 AC / 17,300 SF

Payment Calculator

$20,153 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,101

Property Taxes

$1,052

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 501 West MacArthur Boulevard

Features
Feature Details
  • Flooring: None
Room Details
  • Rooms Total: 0
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: None
  • Heating: No Heat
  • Water/Sewer: None
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
  • HOA Dues: $.00
Property Details
  • Additional Equipment: None
  • City Transfer Tax: Yes
  • Exterior: No Skirt
  • Lot Description: No Lot
  • Lot Sq Ft Apx: 17300
  • Lot Size Square Feet: 17300.0
  • Roof: None
  • Sq Ft Apx: 18682
  • Stories: 0.0
  • Year Built: 1935
Location Details
  • Directions to Property: Corner of W Mac & Telegraph
  • FIPS Code: 06001
  • Census Tract: 4011
  • Printed Neighborhood Rpt: No
  • Board ID: BAY EAST
  • Street Direction: W
Multi Family Information
General Details
  • Units Total: 27
  • Basement: None
  • Tenant Pays: None
  • Financial Data Source: None
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: None
  • Apx Lot Acres: 0
  • On Site Parking Description: No Garage
Income / Expense Details
  • Gross Rent Multiplier: $0
Other Financial Information
  • Cap Rate: 0.0
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 501 West MacArthur Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Transwestern Property Co., Robert Dau, DRE #01992248

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.