2784 E 8Th St, Oakland, CA 94601
- $2,400,000
Listed by John Kirkish, (510) 890-8028 from Flat Rate Realty
(If provided) CoList: from
- List Price
- $2,400,000
- MLS#
- BE41149510
- Status
- ACTIVE
- Zoning
- RM-3, S-13
- Lot Size
- 2,698
- Neighborhood
- Oakland Zip Code 94601
Property Description
DEVELOPMENT OPPORTUNITY -- THREE CONTIGUOUS OAKLAND PARCELS totaling approximately 0.32 acres, currently zoned RM-3/S-13, with significant redevelopment potential and potentially much greater residential density under Oakland's affordable/senior-housing programs and applicable California housing laws. These continuous properties create a Large Footprint big enough to potentially build a substantial high-density affordable/senior housing development. Oakland is currently behind in construction of State-Mandated housing, so there may be additional benefits. These Adjoining Properties Cover All of 8th Street between Lisbon Ave and Portwood Ave. WHAT'S INTERESTING: What makes these parcels interesting is the 14,118-square-foot development assemblage - not the existing buildings. All three parcels are RM-3 with Oakland's S-13 Affordable Housing Combining Zone. S-13 is significant because qualifying affordable-housing projects have No Maximum Residential Density, and the program provides additional development flexibility and Streamlined Ministerial Review for qualifying projects. Preliminary analysis suggests this could support a substantial multifamily project. So I'd look at the property primarily as a development opportunity, with the existing buildings providing additional
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Additional Information
- Acres
- 0.06
- Days On Market
- Unknown
- Development Status
- Other - Call Listing Agent
- Lot Description
- Surveyed - No, Building Pad - Yes, Corners Marked, Grade - Level
- Lot Size
- 2,698
- Neighborhood
- Oakland Zip Code 94601
- Other Utilities
- Electricity - On Site, Gas - On Site
- Sewer
- Sewer Available
- Unincorporated Yn
- Yes
- Zoning
- RM-3, S-13
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