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623 15th St - 1414 MARTIN LUTHER KING JR WAY, OAKLAND, CA 0.19 Acres of Residential Land in Oakland, CA 94606
Investment Highlights
- Fully entitled 49-unit residential development approved by the City of Oakland.
- Modular construction approved for the primary six-story building.
- Approximately six-minute walk to 12th Street/Oakland City Center BART Station.
- Active building permit application and completed construction drawings.
- Located within a federally designated Opportunity Zone.
- No parking requirement, reducing development complexity and cost.
Executive Summary
Property Facts
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.19 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | CBD-X - Commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.19 AC |
| Opportunity Zone |
Yes |
| Zoning | CBD-X - Commercial |
1 Lot Available
Lot
| Lot Size | 0.19 AC |
| Lot Size | 0.19 AC |
SHOVEL-READY, ENTITLED & PERMITTED
Description
Positioned within Downtown Oakland's CBD-X zoning district and a federally designated Opportunity Zone, the property is located approximately a six-minute walk from the 12th Street/Oakland City Center BART Station. The site provides convenient access to Uptown Oakland, Old Oakland, Lake Merritt, Jack London Square, major employment centers, educational institutions, and regional transportation networks including I-880, I-980, I-580, and CA-24. Nearby demand drivers include Kaiser Permanente, Alameda County government offices, Oakland City Hall, Samuel Merritt University, and the Port of Oakland. For developers and investors seeking a transit-oriented residential opportunity in an established urban core, the project offers the rare combination of approved density, advanced entitlement status, and a location within one of the Bay Area's most connected downtown districts.
Property Taxes
| Parcel Number | 003-0071-014-00 | Improvements Assessment | $0 |
| Land Assessment | $530,600 | Total Assessment | $530,600 |
Property Taxes
