9809-9811 Macarthur Blvd - 48-Unit Fully Entitled Development
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9809-9811 Macarthur Blvd - 48-Unit Fully Entitled Development
0.11 Acres of Residential Land Offered at $1,250,000 in Oakland, CA 94605
Investment Highlights
- 49-Unit Fully Entitled Residential Development on 10,014 SqFt Lot
- 48 Affordable Studio Units and One 2bd/1bth Manager Unit
- 37,360 SqFt of Total Building Space with 18,020 SqFt of Residential Space, 7500 SqFt of Supportive Space, and 11,825 SqFt of Common Area Space
- 100% Affordable Permanent Supportive Housing (PSH)
- 23 Parking Spaces at Grade with Charging Stations
- Seller Financing Available with Excellent Terms
Executive Summary
49-unit fully entitled development project on a 10,014 sqft flat lot near HWY580. Seller financing is available with excellent terms. The proposed project will be 100% affordable rental housing with a total building size of 37,360 sqft, with 18,020 square feet of residential rental space, 7,500 sqft of supportive space, 11,825 square feet of common area space, and up to 23 parking spaces. The proposed project will cover two parcels (046-5490-003 and 046-5490-004) rise six stories (60 feet) and will be zoned Neighborhood Center Mixed Use/CN-3. The project plans for supportive service space designed to specifically care for individuals and small families with space for exercise rooms, medical rooms, community conference room for up to 40 people, a computer lab, laundry rooms on each floor, open-air deck, TV social lounge, bike storage areas, dog washing areas, and case management offices.
****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE.
****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE.
Property Facts
| Price | $1,250,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Building Class | C |
| No. Lots | 1 | Total Lot Size | 0.11 AC |
| Property Type | Land |
| Price | $1,250,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Building Class | C |
| Total Lot Size | 0.11 AC |
1 Lot Available
Lot
| Price | $1,250,000 | Lot Size | 0.11 AC |
| Price Per AC | $10,879,120 |
| Price | $1,250,000 |
| Price Per AC | $10,879,120 |
| Lot Size | 0.11 AC |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $714,000 | Total Assessment | $714,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$714,000
Improvements Assessment
$0
Total Assessment
$714,000
zoning
| Zoning Code | CN-3 (The general plan designation is Neighborhood Commercial Mixed Use and the site is zoned CN-3, appropriate for multi-unit residential structures.) |
| CN-3 (The general plan designation is Neighborhood Commercial Mixed Use and the site is zoned CN-3, appropriate for multi-unit residential structures.) |
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9809-9811 Macarthur Blvd - 48-Unit Fully Entitled Development
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