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- LoopNet Team
2305 Webster st
Oakland, CA 94612
Fully Entitled - 42% DISCOUNT FROM APPRAISAL · Land For Sale
·
0.27 AC
INVESTMENT HIGHLIGHTS
- Only $25K Per Entitled Unit - Representing a 42% Discount from the November 2024 Appraisal of $8,600,000
- Potential to increase residential units to 263 using the State of California density bonus program
- Just 0.3 mi to the 19th Street BART Station offering complete bay area access
- 197 residential apartments consisting of (7) studios, (87) 1-bedroom, and (103) 2-bedroom units
- Site is currently leased to Douglas Parking offering in place income while preparing for development
- Major employers including Kaiser Permanente, Pandora, Square, BART, and PG&E all located just a few blocks away
PROPERTY FACTS
DESCRIPTION
The Mitchell Warren Team is pleased to present 2305 Webster Street in Oakland. This prime parcel is ideally located in the heart of Oakland and comes with approved plans for 197 residential units, along with 1,900 square feet of ground-floor retail space. With entitlements in place, the new owner can immediately move forward with development, making this a unique opportunity with strong potential for value creation. Additionally, the property can be expanded to 263 units through the State's density bonus program. Currently leased on a month-to-month basis, it provides in-place income while preparing for future development. This is an excellent opportunity for developers looking to capitalize on the growing demand for housing in the Bay Area. 2305 Webster Street is located in the Uptown Neighborhood district of Oakland, a neighborhood that is rapidly transforming into one of the city’s most desirable places to live and work. Situated just a few blocks from the 19th St Bart station, this site offers unparalleled connectivity to the greater Bay Area, including a quick commute to San Francisco. The property benefits from proximity to major employment hubs such as the Port of Oakland, the Oakland Medical Center, and the growing tech and creative sectors within the city.
