9809 Macarthur Blvd, Oakland, CA 94605
- $499,000
Listed by Marcin Grobelny, (925) 408-0682 from Prominent Realty & Funding
(If provided) CoList: from
- List Price
- $499,000
- MLS#
- CC41143007
- Status
- ACTIVE
- Zoning
- CN-3
- Lot Size
- 10,014
- Neighborhood
- Oakland Zip Code 94603
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.
Additional Information
- Acres
- 0.22
- Development Status
- Approved Building Plan
- Lot Description
- Surveyed, Building Pad - No, Corners Marked - No, Grade - Level, Grade - Mostly Level
- Lot Size
- 10,014
- Neighborhood
- Oakland Zip Code 94603
- Other Utilities
- Electricity - On Site, Gas - On Site
- Unincorporated Yn
- Yes
- Zoning
- CN-3
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