9811 MacArthur Blvd - Prime Two Parcel Development Opportunity 0.23 Acres of Commercial Land Offered at $499,000 in Oakland, CA 94605

EXECUTIVE DEVELOPMENT OVERVIEW Prominent Realty & Funding is pleased to present the opportunity to acquire 9809 & 9811 MacArthur Blvd, a premier dual-parcel urban infill development site located along the bustling MacArthur Boulevard commercial transit corridor in East Oakland, CA. Comprising two level, contiguous parcels totaling approximately 10,014 SF (~0.23 Acres), this property offers exceptional flexibility for both non-profit affordable housing developers and private market-rate infill builders. At a competitive listing price of $499,000, the land basis equates to just ~$10,183 per planned door and $13.36 per buildable GSF based on the 49-unit project design—offering an unprecedented land entry point for the Bay Area market. DUAL DEVELOPMENT PATHWAYS PATHWAY 1: 100% AFFORDABLE / SUPPORTIVE HOUSING (49 UNITS via AB 2162) - Streamlined Approval: Designed to utilize California Assembly Bill 2162 (AB 2162) for ministerial, by-right approval without CEQA challenges or discretionary public hearings. - Building Design: Comprehensive architectural and civil engineering plans (13-sheet package) created by BantaDESIGN detailing a 6-story, 37,361 GSF Type III podium structure. - Unit Breakdown: 49 total units, consisting of 48 studio apartments targeted for Extremely Low-Income / Supportive Housing ( less than 30% AMI) plus 1 two-bedroom manager unit. - Supportive Infrastructure: Over 7,450 SF of ground-floor and common supportive service spaces, including case management offices, computer lab, community meeting room, dog wash station, bike storage, laundry rooms on every floor, and a top-floor cafe with view deck. - Parking & Logistics: 23 ground-level parking spaces. - Public Funding Match: The ~$10.2k/door land cost basis effortlessly satisfies funding guidelines for LIHTC tax credit syndication, HCD programs, and regional affordable housing grants. - Status Note: City of Oakland record PLN23047 was approved in July 2023 and currently carries an administrative hold for standard stormwater form submission. PATHWAY 2: PRIVATE / MARKET-RATE INFILL (8 TOWNHOMES + COMMERCIAL) - Established Concept: Prior Development Permit approval (PLN19039) for a 3-story mixed-use project. - Building Design: Plans include 8 spacious residential townhouses/condos (11,675 SF total) over 1,200 SF of ground-floor commercial/retail space with 8 parking spaces. - Turn-Key Framework: While the initial permit reached its formal expiration date, the complete architectural submittals remain on file, giving private developers a tested framework for re-entitlement or streamlining via California SB 330 / AB 2011 transit corridor provisions. ZONING & LOCATION ADVANTAGES - Zoning: CN-3 (Neighborhood Center Commercial Zone - 3) with S-13/S-14 combining zones. - Lot Features: Flat/level topography with ~100 feet of frontage along MacArthur Blvd. - Transit & Access: Excellent Walk and Transit scores. Situated on a primary arterial bus line near 98th Avenue, offering immediate connectivity to the I-580 and I-880 freeway corridors, Oakland International Airport, and San Leandro. OFFERING TERMS & DATA ROOM - APNs Included: 046-5490-003-00 & 046-5490-004-00 (Must be purchased combined). - Virtual Data Room (VDR): A complete VDR containing all 13 architectural sheets, civil site surveys, parcel map waiver documents, and planning files is available upon request. - Buyer Due Diligence: Buyer shall independently verify all lot dimensions, total square footage, zoning capabilities, current city entitlement status, and project feasibility with the City of Oakland Planning Department.