1414 Martin Luther King Jr Way
1414 Martin Luther King Jr Way
$2,000,000
7,914 / 0.18
Closed 8/24/22
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.
- Listed by Keith Manson • DRE #01490046 • CBRE
- Listed by Zachary W Greenwood • DRE #01960296 • CBRE
Property Details for 1414 Martin Luther King Jr Way
Zoning Description
Multi-Residential
Directions to Property-
ZoningCBD-X
Cross Street15th St
Total Parking Spaces0
Location
LISTING UPDATED: 08/29/2022 04:18 PM
Property Details for 1414 Martin Luther King Jr Way
Status | Closed |
---|---|
MLS # | 422661656 |
Days on Compass | 47 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land / Residential Lot |
Year Built | - |
Lot Size | 0.18 AC |
County | Alameda County |
Location
Building Information for 1414 Martin Luther King Jr Way
Lot Size0.18 AC
Payment Calculator
$12,774 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1414 Martin Luther King Jr Way
Property History for 1414 Martin Luther King Jr Way
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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