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Listed by Prominent Realty & Funding
$ 499,000
Est. payment | /mo
10,014 SqFt
$ 499,000
Est. payment | /mo
10,014 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 10,014 sqft
Price per Sqft $49
Subdivision Durant Manor
MLS Listing ID 41143007
HOA Y/N No
Lot Size 10,014 Sqft
Property Sub-Type Unimproved Land
Source CONTRA COSTA
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
Interior
Fireplace No
Building
Lot Description Level, Mostly Level
Water Public
Nearby Locations
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Qayes Abdulla
REALTOR® Lic# DRE# 02150727