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$ 250,000
Est. payment /mo
Active
5229 Macarthur Blvd Oakland, CA 94619
5,310 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Melrose
MLS Listing ID 41135214
HOA Y/N No
Lot Size 5,310 Sqft
Acres 0.12
Property Sub-Type Unimproved Land
Property Description
Rare Oakland infill development opportunity directly across from Mills College at Northeastern University in the highly desirable Millsmont neighborhood. This property offers a compelling opportunity for investors, builders, LLCs, and developers seeking to create a long-term income-producing asset in one of the Bay Area's supply-constrained housing markets. With potential for a duplex or custom residential development (buyer to verify), the property is strategically positioned near a built-in rental demand driver: • University faculty and staff • Graduate students, • Third and fourth year students approved for off-campus living, • East Bay commuters seeking convenient freeway access. The location offers: • Immediate proximity to campus • Quick access to I-580 and regional transportation • Close proximity to BART and AC Transit • Minutes to downtown Oakland, Berkeley, and San Francisco access points • Nearby parks, hiking trails, recreation, shopping, and dining Build-to-rent opportunities for developable land in established Oakland neighborhoods are becoming increasingly rare. For investors focused on long-term appreciation, rental income, and strategic location fundamentals, this property checks all the boxes.
Location
State CA
County Alameda
Zoning R
Interior
Fireplace No
Exterior
Utilities Available None
Building
Lot Description Sloped Up
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 36250393
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Listed by Mike Hreha • Keller Williams Realty