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3881 Martin Luther King Jr Way 0.13 Acres of Residential Land Offered at $340,000 in Oakland, CA 94609
Investment Highlights
- Oakland Children's Hospital (0.7 miles), Kaiser Permanente Medical Center (1 mile), UC Berkeley (3.4 miles)
- Easy access to major freeway arteries including I-580, I-980, I-880 & Highway 24
Executive Summary
CN-3 commercial neighborhood zoning allows for sixty (60) foot height with potential bonuses
Located within an Opportunity Zone
The site bodes well for a modular construction development: a flat corner lot for easy access
Two nearby vacant parcels for potential staging
REO Sale
Located within an Opportunity Zone
The site bodes well for a modular construction development: a flat corner lot for easy access
Two nearby vacant parcels for potential staging
REO Sale
Property Facts
| Price | $340,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.13 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $340,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.13 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $340,000 | Lot Size | 0.13 AC |
| Price Per AC | $2,615,384.62 |
| Price | $340,000 |
| Price Per AC | $2,615,384.62 |
| Lot Size | 0.13 AC |
The property sits on a corner lot with convenient access one block from the MacArthur BART Transfer Station making it an ideal transit-oriented development project.
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Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (99)
Property Taxes
| Parcel Number | 012-0963-001-00 | Improvements Assessment | $0 |
| Land Assessment | $408,000 | Total Assessment | $408,000 |
Property Taxes
Parcel Number
012-0963-001-00
Land Assessment
$408,000
Improvements Assessment
$0
Total Assessment
$408,000
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3881 Martin Luther King Jr Way
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