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990 34th St
Oakland, CA 94608
Land For Sale
·
0.25 AC
Investment Highlights
- Approved development plans for 78 affordable senior units and 2 commercial spaces with secured entitlement status.
- Located near West Oakland and MacArthur BART stations, providing strong regional transit connectivity.
- Supported by secured public funding sources, including LIHTC allocation and local housing grants to minimize financing risk.
- Incorporates premier senior-oriented amenities including a fitness center, community spaces, and a rooftop deck with BBQ area.
- Utilizes modular prefabrication methods enabling accelerated timelines and reduced construction risk.
- Walkable urban infill location with proximity to retail, healthcare, dining, and personal services tailored for senior needs.
Executive Summary
The project is thoughtfully designed to support the needs of senior residents through a range of on-site amenities that promote comfort, convenience, and community engagement. Planned features include a reception area, community room, three offices for resident services, a conference room, and a fitness center. In addition, the design incorporates a 502 square foot sixth-floor outdoor deck with BBQ facilities, creating an inviting space that encourages social interaction and fosters a sense of community among residents.
The development is designed to utilize Harbinger Homes volumetric prefabrication, allowing approximately 80% of construction to occur in a controlled indoor environment, reducing exposure to labor volatility, minimizing weather-related delays, and compressing the overall construction timeline while lowering total development costs. The project also benefits from ministerial “By Right” approvals, eliminating discretionary review, CEQA litigation risk, and public appeal delays, substantially reducing entitlement risk and creating a predictable path to construction. The combination of available funding sources, streamlined approvals, modular construction efficiencies, and strong demand fundamentals positions 990 34th Street as a technical execution opportunity rather than a speculative entitlement play, offering a highly efficient and scalable affordable housing development model within the Oakland market.
Property Facts
| Sale Type | Investment | Proposed Use | Apartment Units - Senior |
| No. Lots | 1 | Total Lot Size | 0.25 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | RM-2 - Mixed Housing Type Residential | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Senior |
| Total Lot Size | 0.25 AC |
| Opportunity Zone |
Yes |
| Zoning | RM-2 - Mixed Housing Type Residential |
1 Lot Available
Lot
| Lot Size | 0.25 AC |
| Lot Size | 0.25 AC |
FULLY ENTITLED SENIOR AFFORDABLE HOUSING DEVELOPMENT PROJECT - 990 34th Street is an approved senior affordable housing development opportunity consisting of 78 residential units and approximately 2,150 square feet of ground-floor commercial space.
Description
990 34th Street in Oakland presents an approved affordable senior housing development opportunity featuring 78 residential units complemented by approximately 2,150 square feet of ground-floor commercial space. The project includes ground-floor parking for six vehicles and dedicated bicycle storage, ensuring convenient access for residents. Designed to address the growing East Bay need for senior housing, the property integrates a range of amenities intended to promote comfort, wellness, and social engagement. Planned features include a reception area, community room, fitness center, offices for resident services, and a conference room, as well as a 502-square-foot outdoor deck with BBQ facilities for community interaction.
Property Taxes
| Parcel Number | 009-0740-014-00 | Improvements Assessment | $411,026 |
| Land Assessment | $154,758 | Total Assessment | $558,784 |
Property Taxes
