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    1795 11Th St Oakland, CA 94607

    Sponsored
    For Sale
    $350,000

    Prime location, mixed-use potential.

    Property size:
    5,406 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,406 square foot vacant lot, located at 1795 11th Street in Oakland, California (zip code 94607), presents a unique investment opportunity. Situated in a rapidly developing area of West Oakland, this property boasts a prime corner location at the intersection of 11th and Pine Streets, just a short distance from successful recent housing developments such as Zephyr Gate, Pacific Cannery Lofts, Station House, and Ironhorse. The property is zoned HBX-2 (Housing and Business Mix), offering flexible development options. The site's 5,406 square foot lot size allows for the construction of up to five residential units, with the potential for additional units through density bonuses, plus accessory dwelling units (ADUs). Furthermore, the property's location within an Opportunity Zone provides significant tax advantages for developers. With a 45-foot height limit and a 2.5 floor area ratio (FAR), this site offers substantial development potential. The asking price is $350,000, translating to $64.74 per square foot. The property's convenient location offers excellent transit access, being less than a mile from the West Oakland BART station and 0.4 miles from the 16th Street Train Station, providing easy commutes to Downtown Oakland and San Francisco. The Alameda County Assessor's Parcel Number (APN) is 6-31-15. This is a rare chance to capitalize on the burgeoning West Oakland market.

    Property Features for 1795 11Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,406 SF

    HighLights

    • Residential development opportunity.
    • Located in a designated Opportunity Zone.
    • Asking price: $350,000.
    • 5,406 square foot lot.
    • Potential for 5 residential units (without density bonus).
    • 45‑foot height restriction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.30082735
    Latitude
    37.81177398

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, mixed-use potential.
    Where is this multifamily property located?
    The property is located at 1795 11Th St Oakland, CA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Residential development opportunity.; Located in a designated Opportunity Zone.; Asking price: $350,000.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1795 11Th St Oakland, CA 94607
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