Description
9429 Mac Arthur is a Multi-Family/Mid-rise apartment complex conveniently located three minutes to I-580 freeway, 2 minutes to the Oakland Zoo, seven minutes to Oakland International Airport and 20 minutes to San Francisco. This property is zoned R-3 Residential Multi-family and is currently in design review as a market rate complex with the city of Oakland. This is a great opportunity for market rate or affordable housing developer to acquire this project at this stage of city approval to make any changes to meet their development goals. Once developed, this property will become a landmark for the Toler-Heights neighborhood yielding an estimated return of $90,000 monthly as a market rate complex. Property includes 3 parcels totaling $12,766 sf.
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School Ratings & Info
Description
9429 Mac Arthur is a Multi-Family/Mid-rise apartment complex conveniently located three minutes to I-580 freeway, 2 minutes to the Oakland Zoo, seven minutes to Oakland International Airport and 20 minutes to San Francisco. This property is zoned R-3 Residential Multi-family and is currently in design review as a market rate complex with the city of Oakland. This is a great opportunity for market rate or affordable housing developer to acquire this project at this stage of city approval to make any changes to meet their development goals. Once developed, this property will become a landmark for the Toler-Heights neighborhood yielding an estimated return of $90,000 monthly as a market rate complex. Property includes 3 parcels totaling $12,766 sf.
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Listing courtesy of Erica Jackson of Complex Living Real Estate: [IDXCONTACTINFORMATION].