Description
1414 Martin Luther King Jr. Way & 623 15th Street are separate and adjacent lots totaling 7,913 sq. ft. lot that have been entitled for a development opportunity situated in Downtown Oakland. The sites are located in the CBD-X zoning district and are situated in a federally designated opportunity zone. The sites have approved plans from the City of Oakland to build a 6-story, 39-unit multi-family residential building and a 3-story, 10-unit multifamily residential building. The approved plans feature a unit mix of 49 efficiently designed studio units that will include built-in murphy beds, in-unit washer/dryer units and private balconies/patios in most units. The approved plans also feature a large community rooftop deck. The properties are located within a designated Opportunity Zone providing the rare opportunity for developers and investors to defer or potentially eliminate federal taxes on capital gains.
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Listing Agent: Keith Manson Courtesy of: CBRE Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS ®, but is not warranted. Updated: 15th August, 2022 12:53 AM (UTC)
