Shovel-Ready Multifamily Development
For Sale
Contact for pricing
6651 Bancroft Ave, Oakland, CA 94605
Corner double lot with shovel-ready planning for a 21-unit apartment project, including 11 proposed parking spaces.
Property SizeContact for details
Days on Market124
Property Features for 6651 Bancroft Ave
General Information
Standard status
Active
Total Parking Spaces
11
Property subtype
Land
Zoning
RU-4
Additional Details
Opportunity Zone
Yes
Multifamily Units
21
Listing Agency:
Andrea Gordon Realtor
(510) 421-6818
Listed By:
Andrea Gordon · License #ca 01233563
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 4:08PM
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 Andrea Gordon Realtor
Investment Insights
Based on property information with market context.
This corner double lot is positioned as a shovel-ready multifamily development site with a proposed 21-unit apartment project plan. The concept includes 18 market-rate units and 3 affordable housing units, with 11 proposed parking spaces. The property is described as being in an Opportunity Zone and is noted as zoned RU-4.
The offering is marketed as part of the Havenscourt neighborhood of East Oakland, with proximity described to Downtown Oakland, San Francisco, and Oakland Airport, along with nearby shopping and dining options.
According to the provided remarks, there is a 146k debt payable to the city to receive permits for the property. The full building build-out is described in the materials as estimated to be +10M valuation.
The offering is marketed as part of the Havenscourt neighborhood of East Oakland, with proximity described to Downtown Oakland, San Francisco, and Oakland Airport, along with nearby shopping and dining options.
According to the provided remarks, there is a 146k debt payable to the city to receive permits for the property. The full building build-out is described in the materials as estimated to be +10M valuation.
Key Highlights
- Corner double lot in an Opportunity Zone with shovel‑ready planning for a 21‑unit apartment project
- Proposed unit mix: 18 market‑rate units and 3 affordable housing units
- Includes 11 proposed parking spaces
Property Analytics
Current Use
Lease Details
21
Residential units
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Corner double lot with shovel-ready planning for a 21-unit apartment project, including 11 proposed parking spaces.
Where is this residential land & home lot located?
The property is located at 6651 Bancroft Ave Oakland, CA.
What are key features of this property?
This property features: Corner double lot in an Opportunity Zone with shovel‑ready planning for a 21‑unit apartment project; Proposed unit mix: 18 market‑rate units and 3 affordable housing units; Includes 11 proposed parking spaces
