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Listed by John Kirkish, DRE #02070987 • Flat Rate Realty
$ 2,400,000
Est. payment /mo
New
2784 E 8Th St Oakland, CA 94601
2,698 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID BE41149510
Lot Size 2,698 Sqft
Property Sub-Type Other Residential Land
Source Bay East
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
Location
State CA
County Alameda
Area Oakland Zip Code 94601
Zoning RM-3, S-13
Exterior
Utilities Available Electricity - On Site, Gas - On Site
Building
Lot Description Surveyed - No, Building Pad - Yes, Corners Marked, Grade - Level
Sewer Sewer Available
Water Water On Site
Others
Tax ID 19-84-20-1
Special Listing Condition Not Applicable
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