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$ 499,000
Est. payment | /mo
10,014 Sqft Lot
$ 499,000
Est. payment | /mo
10,014 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Durant Manor
MLS Listing ID 41143007
HOA Y/N No
Lot Size 10,014 Sqft
Acres 0.229384
Property Sub-Type Unimproved Land
Property Description
PRIME DUAL-PARCEL DEVELOPMENT OPPORTUNITY IN OAKLAND! Exceptional flexibility and investment potential on a high-visibility MacArthur Blvd transit corridor. Offered at $499,000 across two level, contiguous lots (~10,014 SF total; APNs 046-5490-003-00 & 046-5490-004-00), this site features two distinct, city-reviewed project paths for non-profit and private market-rate developers. OPTION 1: DENSE AFFORDABLE / SUPPORTIVE HOUSING (49 UNITS) Leverage approved 2023 design review plans under CA AB 2162 ministerial, by-right streamlining. Plans specify a 6-story, 37,361 GSF podium building featuring 49 total units (48 studios + 1 manager unit), 7,450 SF of ground-floor supportive/common service space, and 23 garage parking spaces. Unbeatable acquisition land basis of ~$10,183/door and $13.36/buildable GSF, making it highly competitive for LIHTC non-profit tax credit funding. OPTION 2: PRIVATE / MARKET-RATE INFILL (8 UNITS + COMMERCIAL) For traditional builders seeking simpler construction, the site previously received Development Permit approval (PLN19039) for a 3-story mixed-use project featuring 8 residential townhomes (19,125 SF total) and 1,200 SF of ground-floor retail.
Location
State CA
County Alameda
Zoning CN-3
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected, See Remarks
Building
Lot Description Level, Mostly Level
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 4654903
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Listed by Marcin Grobelny • Prominent Realty & Funding
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447