Vacant Multi-family / Development Opportunity in Oakland, CA

[Brent Tarnow]

See link for details.  Also posted in residential properties, because it is an existing four-unit.  But it is zoned for 8 units and owners have drawn plans and begun process with city to entitle 11 units.  Great development opportunity in prime Oakland spot.  

https://www.minngo.com/515-sycamore-st-oakland

VACANT in Uptown Oakland!!! Previously used as a 4-unit building, the possibilities for this property are endless. This stately building in the Uptown neighborhood could continue generating income as a fourplex or could quickly be upgraded to a 5-unit per advice of contractor and architect. Current owners have also begun the entitlement process to bring it to its highest and best use – 11 units. Incredible development opportunity in one of Oakland’s trendiest neighborhoods. This opportunity can suit anyone. Low down payment financing available for owner-occupiers. Vacant cash-flow property is perfect for investors. Entitlements pave the way for developers. Seller financing would be considered. Come check it out and explore it for yourself. Three of the units have well-designed layouts with oversized bedrooms. The other unit is a newly updated studio. City views from the top floor. Large back yard is ready to be converted into an urban oasis