20-unit development Rare fully entitled 20-unit development opportunity in Oakland’s popular Pill Hill neighborhood. The property is entitled for a six-story 23,996 square foot building consisting of five 2bd/2bth units, five 2bd/1bth units, and 10 1bd/1bth units. The property will offer individual decks and parking spaces for all units. The current building was built in 1903, offers 1,320 square feet of living space, and sits on a 6,000 square foot lot measuring 50’x120’. The current building has been beautifully remodeled and will be delivered vacant making a perfect set-up for an owner-occupant. This is an excellent opportunity for a developer to capitalize on a rapidly changing neighborhood with excellent future cash flow or resale potential. Seller financing is available with excellent terms.
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Based on information from CRISNet MLS all data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Updated: 2nd June, 2023 8:34 PM (UTC)