28
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$295,000
Est. payment /mo
Pending
2325 Martin Luther King Jr Way Oakland, CA 94612
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Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 41083329
HOA Y/N No
Year Built 1874
Lot Size 3,750 Sqft
Property Description
This property, currently a church, offers incredible potential under its RU-5 Urban Residential zoning. RU-5 zoning supports multi-unit, mid-rise, and high-rise residential development, along with ground-floor neighborhood businesses in key city corridors. Additionally, the S-13 Affordable Housing Combining Zone overlay enhances its appeal by offering incentives for affordable housing projects. These include bonus height allowances, relaxed development standards, and no maximum residential density restrictions for qualifying projects—an attractive alternative to the State Density Bonus Program. This is a unique chance to create impactful development in a convenient location!
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Others
Tax ID 86631
Listed by Roxanne Adams • Exp Realty of California Inc.