17
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$499,000
Est. payment /mo
10,014 Sqft Lot
New
9809 Macarthur Blvd Oakland, CA 94605
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Durant Manor
MLS Listing ID 41143007
HOA Y/N No
Lot Size 10,014 Sqft
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
Zoning CN-3
Interior
Fireplace No
Building
Lot Description Street Level
Others
Tax ID 4654903
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Real Estate Owned
Listed by Marcin Grobelny Prominent Realty & Funding #01502656
NEARBY SCHOOL & BUSINESS