Oakland Assisted Living Development
2400 Filbert St, Oakland, CA 94607
Approved development site for 193-unit assisted living facility.
Type:Multifamily, Land, Senior Living
Property size:
55,034 SF- Added:
- Mar 18, 2026
- Days on Market:
- 58
- Last Refresh:
- Mar 20 at 12:26 am
Property Features for 2400 Filbert St
General Information
- Standard status
- Active
- Size
- 55,034 SF
- Property subtype
- Multifamily, Land, Senior Living
Listing agent DREW MALM License #01312428
Listing office ACARA
Listing date Mar 18, 2026
Source Crexi
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
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.
- Government‑backed, recession‑resistant revenue stream through California's Assisted Living Waiver (ALW) program.
- Approved for a 193‑unit/386‑bed Assisted Living and Memory Care facility, designed with resort‑caliber amenities.
- Strategic exit opportunity: Positioned as an attractive acquisition target for REITs and large senior healthcare operators upon stabilization.
Overview
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.
Property Profile
Insight Report
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
Similar Places Nearby
- Sshi Maintenance — 540 21st St, Oakland, CA 94612
- Satellite Senior Homes — 3250 San Pablo Ave, Oakland, CA 94608
- Andrea M Thach, M.D. — 3100 Summit St, Oakland, CA 94609
- Ms. Andrea Thach — 3100 Summit St, Oakland, CA 94609
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.2796008
- Latitude
- 37.8168189
Nearby Similar for Sale
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.
