7701 Bancroft Ave, Oakland - Potential Affordable Housing Development Site - Only $299,000

Tremendous development opportunity

The subject property is located in an area with several recently built affordable housing projects. The subject zoning is (Base Zone and Combining) RM-4, S-13. The intent of this zoning district is to create, maintain, and enhance residential areas typically located on or near the city's major arterials and characterized by a mix of single-family homes, townhomes, small multi-unit buildings at somewhat higher densities than RM-3, and neighborhood businesses where appropriate. The Affordable Housing Combining (S-13) Zone is intended to create and preserve affordable housing. The purpose of the S-13 Combining Zone is to allow a bonus height for eligible affordable housing projects, as well as relaxation of other listed development standards for applicable zones and an elimination of any maximum residential density standards.

Property disclosures and relevant property information for the subject property is available at the below link:

https://drive.google.com/drive/folders/1XYzxR1J-2_s2bUG92_glZ6cRUPtSkTlZ?usp=drive_link