Oakland Assisted Living Development
For Sale
Contact for pricing
2400 Filbert St, Oakland, CA 94607
Approved development site for 193-unit assisted living facility.
Property Size55,034 SF
Days on Market158
Property Features for 2400 Filbert St
General Information
Standard status
Active
Size
55,034 SF
Property subtype
Land, Multifamily, Senior Living
Zoning
RM-4, S-13, S-14
Building Details
Units
193
Listing Agency:
ACARA
(925) 838-8826
Listed By:
DREW MALM · License #01312428
Source:
Crexi
Added: Mar 18
Changed: Aug 16
Last Checked: Aug 22 at 5:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ACARA
Investment Insights
Based on property information with market context.
Located at 2400 Filbert Street, Oakland, California, this property presents an opportunity to invest in or acquire a Qualified Opportunity Zone (QOZ) development site approved for a 193-unit / 386-bed Assisted Living and Memory Care facility. The site is approved for approximately 90,000 square feet of secured living area providing Level Care Tiers 3 and 4, the highest level of residential memory care, utilizing modular construction. The facility is designed with amenities including a bistro coffee shop, a full-service spa and salon, chef-developed menus, an on-site movie theater, yoga and meditation hub, art and music studios, private dining rooms, and weekly live entertainment. As of April 2025, California has over 12,000 low-income seniors enrolled in the state’s Assisted Living Waiver (ALW) program and waiting for an available bed. Monthly ALW reimbursements are paid directly by the California Department of Health Care Services, creating a government-backed revenue stream. The property size is 55,034 square feet.
Key Highlights
- Qualified opportunity zone (QOZ) investment offering significant tax benefits.
- High return potential: projected 30.9% LP Internal Rate of Return, up to 7.1x equity multiple.
- Addresses a critical and growing need for assisted living, particularly for low‑income seniors.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,434
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Approved development site for 193-unit assisted living facility.
Where is this assisted living facility located?
The property is located at 2400 Filbert St Oakland, CA.
What are key features of this property?
This property features: Qualified opportunity zone (QOZ) investment offering significant tax benefits.; High return potential: projected 30.9% LP Internal Rate of Return, up to 7.1x equity multiple.; Addresses a critical and growing need for assisted living, particularly for low‑income seniors.
