1414 Martin Luther King Jr Way

Oakland, CA 94612

$2,000,000
Last Sold Price
7,914 / 0.18
Lot Size / Acres

Description

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...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.
  1. Listed by Keith Manson • DRE #01490046 • CBRE
  2. Listed by Zachary W Greenwood • DRE #01960296 • CBRE

Property Details for 1414 Martin Luther King Jr Way

Zoning Description
Multi-Residential
Directions to Property
-
Zoning
CBD-X
Cross Street
15th St
Total Parking Spaces
0

Location

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zachary W Greenwood, DRE #01960296

Sold By Alliance Bay Realty, Thomas Liang, DRE #01996024

Add your commute
LISTING UPDATED: 08/29/2022 04:18 PM

Property Details for 1414 Martin Luther King Jr Way

StatusClosed
MLS #422661656
Days on Compass47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Residential Lot
Year Built-
Lot Size0.18 AC
CountyAlameda County

Location

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zachary W Greenwood, DRE #01960296

Sold By Alliance Bay Realty, Thomas Liang, DRE #01996024

Add your commute

Building Information for 1414 Martin Luther King Jr Way

Lot Size0.18 AC

Payment Calculator

$12,774 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$1,859

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1414 Martin Luther King Jr Way

Summary
Location and General Information
  • Area/District: Oakland Zip 94612
  • Area Short Display: 2612
  • Location Description: Oakland Zip 94612
Taxes and HOA Information
  • APN: 003-0071-026
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
Parking
  • Parking Fee $: $.00
  • Num of Parking Spaces: 0.0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Minimum Bldg SqFt: 0.0
  • # of Lots: 2
  • Road Frontage Type: City Street
  • Lot Size Source: Assessor Agent-Fill
  • Lot Features: Shape Regular
Property and Assessments
  • Possession: Close of Escrow
  • Picture Count: 11
  • Photos Provided By: Agent
  • Elevation: 0
  • Current Use: Vacant
  • Disclosures/Documents: Disclosure Package Available
  • Possible Use: See Remarks
  • Development Status: Building Plans Filed, Site Plan Approved, Other, See Remarks
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • Height Limit: Other
Interior Features
  • Electric: Electric Available
  • Full Bathrooms: 0
Rental
Rent Information
  • Current Rent: $.00

Property History for 1414 Martin Luther King Jr Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1414 Martin Luther King Jr Way

Taxable ValueLand$1,500,000Additions-Total$1,500,000
Tax Record2023$22,310 ($1,859 / month)
Home Facts
Beds0Lot Size4,800 SqFtStyleResidentialCountyALAMEDAAPN3-71-26

Schools near 1414 Martin Luther King Jr Way

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Martin Luther King, Jr. Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Francophone Charter School Of Oakland
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zachary W Greenwood, DRE #01960296

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.