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 Matt Woebcke shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 2:19 AM UTC, 2/10/2024