Description
This lot has an existing 480 square foot home on it. This gives the developer the opportunity to gain some rental income to defray some land costs and avoid the city of Oakland vacant land tax created by Measure W. The zoning as per the city of Oakland website is RM-3. Details on this zoning is found within the disclosure documents. Considerable upside on this property exists. With the existing structure one gains access to all utilities and with occupancy one avoids the costly vacant property tax in Oakland adding to the upside potential. Several Multifamily properties surround this lot.
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School Ratings & Info
Description
This lot has an existing 480 square foot home on it. This gives the developer the opportunity to gain some rental income to defray some land costs and avoid the city of Oakland vacant land tax created by Measure W. The zoning as per the city of Oakland website is RM-3. Details on this zoning is found within the disclosure documents. Considerable upside on this property exists. With the existing structure one gains access to all utilities and with occupancy one avoids the costly vacant property tax in Oakland adding to the upside potential. Several Multifamily properties surround this lot.
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Listing courtesy of David Eckert of Coldwell Banker Realty: [IDXCONTACTINFORMATION].