Christopher Danesi at RE/MAX Accord - 925.998.7426
East Bay Condo ManiaSOLD! MLS: 41018132 $3,500,000
Bedrooms with Baths501 W MACARTHUR
OAKLAND CA 94609MLS: 41018132
Status: SOLD
Closed On: 2023-06-13
Sold Price: $3,500,000
Sold Price per SqFt: $187
Square Footage: 18682Bedrooms
Baths
Year Built: 1935
Zip Code: 94609
Listing Remarks
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
Address: 501 W MACARTHUR OAKLAND CA 94609
Listing Courtesy of ROBERT DAU of TRANSWESTERN PROPERTY CO.
Condo Mania Agent
Chris Danesi
RE/MAX Accord
DRE #01777489
Phone: 925.998.7426
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Listing Details
STATUS: Closed SPECIAL LISTING CONDITIONS: Standard LISTING CONTRACT DATE: 2023-01-30 CLOSE DATE: 2023-06-13 LIVING AREA SQ FT: 18682 BUILDING AREA TOTAL: 18682 YEAR BUILT: 1935 FLOORING: None HEATING: None COOLING: None LOT FEATURES: No Lot PARKING FEATURES: No Garage PROPERTY TYPE: COMM RI MULTI-UNITS 5+ PROPERTY SUB TYPE: Lowrise (1-3 Flrs) LISTING AGENT: ROBERT DAU LISTING OFFICE: TRANSWESTERN PROPERTY CO.
Property Location: 501 W MACARTHUR OAKLAND CA 94609
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Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.
Last Updated: 2025-03-31
