tomo logo

$1,200,000

Beds
Unknown
sq ft
30,000

7994 Macarthur Blvd, Oakland, CA 94605

7994 Macarthur Blvd

Oakland, CA 94605

  • 222 days on market
    • Price drop $400,000↓
The MacArthur Boulevard Supportive Housing Development is a proposal to develop 100% affordable rental housing for the homeless on a vacant parcel located on MacArthur Boulevard between Ritchie Street and 82nd Avenue. The proposed development will consist of 40 units of permanent supportive rental housing with community supportive services in the Eastmont neighborhood of East Oakland. This is a fully entitled development ready to build. Project will include- Thirty-nine (39) Affordable Studio Apartment Units One (1) Affordable Two-Bedroom Manager’s Unit Parking: 11 parking spaces provided at grade including vehicle charging stations 2 Developments available on Mac Arthur total 98 units fully entitled.

Details

Property type

Est. home value

$516,530

Lot size

0.23 acres

Price per sq ft

$40

Year built

1923

Price History

04/06/2024
BridgeMLS

BridgeMLS #41044818

Price change
$1,200,000
-25%
11/28/2023
BridgeMLS

BridgeMLS #41044818

Listed
$1,600,000

Schools & Community

Neighborhood: 

Eastmont Hills

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Ncl Eaglepoint Investments Llc

Loan start date

February 2024

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

6.67%

Loan type

Commercial

Seller

Velma May Campbell Land Holdings Llc and Bookselve Llc

Lender

Ncl Eaglepoint Investments Llc

Loan start date

December 2022

Original loan amount

$292,000

Est. remaining balance

Not provided

Interest rate

7.08%

Loan type

Building or Construction Loan

Seller

Velma May Campbell Land Holdings Llc and Bookselve Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 8:10 AM

Listing updated: 04/13/2024 at 1:20 AM

Listed by: Sheila Monroe, Ashby & Graff Phone #: (323) 829-0301

MLS: BridgeMLS #41044818

BridgeMLS logo

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