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Listed by Marcin Grobelny, DRE #01502656 • Prominent Realty & Funding
$ 499,000
Est. payment /mo
New
9809 Macarthur Blvd Oakland, CA 94605
10,014 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CC41143007
Lot Size 10,014 Sqft
Property Sub-Type Other Residential Land
Source Contra Costa Association of Realtors
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
Area Oakland Zip Code 94603
Zoning CN-3
Exterior
Utilities Available Electricity - On Site, Gas - On Site
Building
Lot Description Surveyed , Building Pad - No, Corners Marked - No, Grade - Level, Grade - Mostly Level
Water Water On Site
Others
Tax ID 46-5490-3
Special Listing Condition REO / Bank Owned Property
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