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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Marcin Grobelny, DRE #01502656 • Prominent Realty & Funding

$ 499,000

Est. payment | -/mo

10,014 Sqft Lot

Save

$ 499,000

Est. payment | -/mo

Save

10,014 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CC41143007

Lot Size 10,014 Sqft

Property Sub-Type Other Residential Land

Source Contra Costa Association of Realtors

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

Area Oakland Zip Code 94603

Zoning CN-3

Exterior

Utilities Available Electricity - On Site, Gas - On Site

Building

Lot Description Surveyed , Building Pad - No, Corners Marked - No, Grade - Level, Grade - Mostly Level

Water Water On Site

Others

Tax ID 46-5490-3

Special Listing Condition REO / Bank Owned Property

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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9809 Macarthur Blvd Oakland, CA 94605