Temescal Square Iconic Neighborhood Investment

About this listing

The subject property is a three parcel retail & residential investment which is ideally situated in the sought-after Temescal neighborhood, surrounded by a vibrant blend of residential charm and commercial activity. Temescal is one of the oldest neighborhoods in Oakland, located in North Oakland, and centered on Telegraph Avenue. The neighborhood derives its name from Temescal Creek, a significant watercourse in the city.The commercial heart of Temescal is Telegraph Avenue, between the MacArthur BART Station and 51st Street. This area is known locally as the home to popular restaurants including North Light. Another commercial zone runs along 40th Street, between Broadway and Telegraph. This area includes a mixture of food service and retail. A neighborhood shopping center is located across the street on Telegraph and Whole Foods Grocery is 1/2/ block from the subject. Temescal Farmers' Market, begun in 2006, is held on Sundays in the parking lot of the Department of Motor Vehicles facility on Claremont Ave. The Studio One Art Center located on 45th Street, is home to art classes and workshops. Counter Culture Labs is a public laboratory and hackerspace located in the Temescal neighborhood. Royal Nonesuch Gallery is an artist run art and event space located on Telegraph and 43rd. Temescal Pool, located next door, is open to the public. The neighborhood is also home to several public and private schools, including Park Day School and the architectural landmark Oakland Technical High School on Broadway. The median age of residents in Temescal is 35.10. This is younger than the median age of 38.1 in the United States.

The subject properties consist of four abutting parcels located at the following addresses: 4926 Telegraph Avenue, an 8,010 gross square foot wood frame building located on a 5,550 square fioot lot. Built circa 1918. This building consist of 2 street level retail stores, 2 apartment units and 1 office. 5000 Telegraph Avenue, an 6,880 gross square foot wood frame building located on a 7,320 square fioot lot. Built circa 1910. The property This building consist of 2 street level retail stores, and 1 four bedroom apartment unit. 5006 Telegraph Avenue an 9,240 gross square foot masonry building located on a 10,908 square fioot lot. Built circa 1871 and is a designated landmark sructure, including the Dutch Boy Paint neon sign. This building consist of 2 street level retail stores and 4 apartment units. Included is a retail/warehouse building of approximately 3,100 square feet. This parcel includes 2 outbuildings (storage and restrooms). 470 49th Street an 7,788 square foot building located on a 12,850 square fioot lot. The buildings are a mix of wood frame, concrete block and masonry construction.. The year built ranges from 1910 to 1940. The property consist of 21 retail units located in what is known as Temescal Alley.