tomo logo

$1,250,000

Beds
Unknown
sq ft
10,014

9809 MacArthur Blvd, Oakland, CA 94605

9809 MacArthur Blvd

Oakland, CA 94605

  • 19 days on market
49-unit, fully entitled, 100% affordable housing development project, eligible for state grant funding to finance the development. Seller financing is available with excellent terms! The approved project is for a 10,014 square foot flat lot with plans for a 37,360 square foot building offering 18,020 square feet of residential rental space, 7,500 square feet of supportive space, 11,825 square feet of common area space, and 23 street-level parking spaces. The proposed project will cover two parcels (046-5490-003 and 046-5490-004) with a 60-foot height limit and is zoned Neighborhood Center Mixed Use/CN-3. Amenities for the building include an entry lobby, exercise rooms, medical rooms, community conference room for up to 40 people, a computer lab, laundry rooms on each floor, an open-air deck, TV social lounge, bike storage areas, dog washing areas, and case management offices.

Details

Property type

Unimproved Land

Lot size

0.23 acres

Price per sq ft

$125

Year built

Unknown

Price History

09/15/2024
BridgeMLS

BridgeMLS #41073247

Listed
$1,250,000
-16.67%
07/26/2024
BridgeMLS

BridgeMLS #41044472

Removed
$1,500,000
03/20/2024
BridgeMLS

BridgeMLS #41044472

Price change
$1,500,000
-24.05%

Schools & Community

Neighborhood: 

Las Palmas

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Conventus Llc

Loan start date

October 2022

Original loan amount

$350,000

Est. remaining balance

Not provided

Interest rate

5.66%

Loan type

Commercial

Seller

Velma May Campbell Land Holdings Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 10/04/2024 at 10:10 PM

Listing updated: 09/22/2024 at 1:31 AM

Listed by: David Howarth, The Pinza Group, Inc Phone #: (510) 822-1331

MLS: BridgeMLS #41073247

BridgeMLS logo

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