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2400 Filbert St Oakland, CA 94607

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Approved development site for 193-unit assisted living facility.

Property size:
55,034 SF
Lot size:
1.19 Acres

Property Features for 2400 Filbert St

General Information

Standard status
Active
Zoning
RM-4, S-13, S-14
Size
55,034 SF
Lot size
1.19 Acres

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Listing Contact
Drew Malm
Drew Malm
Source: Crexi

Listing Agency: ACARA Listing Agent: Drew Malm

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Oakland Assisted Living Development Opportunity

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.
Location Intelligence

Current Use by Public Records

Bay Bridge Aquarium (Bike/Boat/Book/etc) Store RECON Environmental Corporate Office Fair Station Car ... Corporate Office Glampervan Car Dealership

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Law Firm Nail Salon Daycare Center Building Supply Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Sshi Maintenance, Satellite Senior Homes, Andrea M Thach, M.D., Ms. Andrea Thach

Location Insight

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City
Oakland
County
Alameda
State
California
Longitude
-122.2796008
Latitude
37.8168189

FAQs

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.
More about this property
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