Sold

1414 Martin Luther King Jr Way

Oakland CA, 94612

$2,000,000


$252.69 per sqft

Sold

0.18 Acres

Land

1414 Martin Luther King Jr. Way & 623 15th Street are separate and adjacent lots totaling 7,913 sq. ft. lot that have been entitled for a development opportunity situated in Downtown Oakland. The sites are located in the CBD-X zoning district and are situated in a federally designated opportunity zone. The sites have approved plans from the City of Oakland to build a 6-story, 39-unit multi-family residential building and a 3-story, 10-unit multifamily residential building. The approved plans feature a unit mix of 49 efficiently designed studio units that will include built-in murphy beds, in-unit washer/dryer units and private balconies/patios in most units. The approved plans also feature a large community rooftop deck. The properties are located within a designated Opportunity Zone providing the rare opportunity for developers and investors to defer or potentially eliminate federal taxes on capital gains.

422661656

MLS ID

May 23, 2022

Listed

February 10, 2024

Updated

Map

1414 Martin Luther King Jr Way
Oakland CA, 94612

Exterior/Building Features

Lot Size

0.18 Acres


Lot Features

Shape Regular

Other Property Details

Area Name

Oakland Zip 94612


Garage

No


Parking Total

0


View

No


County

Alameda


Pool

No


Zoning

CBD-X

Listing History

Date

Event

Price

6/29/2023

Sold

$2,000,000

Bought with Thomas Liang with Alliance Bay Realty and Listed by Keith Manson (DRE #DRE #01490046) with CBRE 

Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 2/10/2024.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Bonnie Spindler shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 San Francisco Association of REALTORS. All rights reserved. 

Data last updated 2:19 AM UTC, 2/10/2024

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