11795 San Pablo Ave
El Cerrito, CA 94530
FULLY ENTITLED for 130 Units · Land For Sale · 0.60 AC

IN ESCROW. The proposed project consists of a 106,578 square foot, 6-story building containing 130 residential units** and two separate commercial spaces. The building will front onto the corner of San Pablo Avenue and includes entries to two separate commercial spaces and an entry to the lobby for residents. The Wall Avenue frontage includes an entrance to the mechanical room and a ground-level parking garage that includes mechanically stacked parking spaces. The parking area totals 10,015 square feet. Vehicular access to the parking garage with 92 spaces will be provided from Wall Avenue. A total of 92 parking spaces would be provided using puzzle parking lifts. Without the lifts, approximately 30 parking spaces could be provided. The interior portions of the building total 96,563square feet. The building will face onto San Pablo Avenue with three entries onto the street for the two commercial spaces and the residential lobby. One building entry would also be present on Wall Avenue. Multiple entries would be available on the interior side of the building providing access to the mechanical room, parking garage, trash room (4 entries), lobby, and two commercial spaces (3 entries). The building would feature a combination of studios and junior one-bedrooms, and one, two, and three bedroom apartments. The project contains 18 studios, 91 junior one-bedrooms, 7 one-bedroom units, 9 two-bedroom units, and 5 three-bedroom units. There are two elevators and two stairwells to serve the residents of this building. The 6th level would feature a 1,342 square foot roof deck with seating and planters. When applying for Building Permit, developer will specify that 5% of the total number of units will be for Moderate Income and 5% of total units will be for Low Income*. Currently, there is an existing commercial building (which is vacant) and a single family home (tenant pays $4,000/month). The Single Family lease has a special clause that credits tenant $1,300/month in exchange for Seller’s unilateral ability to vacate the property without a relocation fee paid. Email for details and an OM. *Developer has the option of paying an inclusionary fee to avoid including any affordable units, which seller estimates at approximately $1,100,000 in additional cost for this project. **Note: Owner has spec drawings to fit a few more units on the roof.