1486 34th St, Oakland, CA 94608

EXECUTIVE SUMMARY: VACANT "ENTITLED" LAND - Single Family Home Project - Ready to be built. Hit the ground running. Fully approved, plan check signed, and permits pending. But a single form needed for file updating & renew approval. (** see note below) Have – architect plans, survey, soil report, & engineering report. Heavy lifting is done. Pick up the ball and head right to the goal line. Each of the 2 homes – 3 bedrooms / 2+ baths with garages. Each at +/- 1,700 square feet. Comps in neighborhood - for dirt (un-entitled): $275,000 to $300,000 per home. Comps in neighborhood - for homes: $1 million per home +/-. “Good” deal - without entitlements. “Fantastic” deal - with entitlements. Which we have in hand. Design - old school charm that blends into the established, vintage neighborhood. Bike score – 97. Walk score – 81. ** The value of a “fully approved” project in hand cannot be overstated in today’s landscape. The tedious permitting process and increasingly slow turnaround times that have come to be expected from the Planning & Building departments have backlogged even more under the impacts of Covid-19. We estimate that attaining a comprehensive entitlement – that we currently have in hand – if beginning now, may take an owner 2 years plus to achieve. But, of course, if you do not like our design, you can always do your own. But it will just take longer. Price: $349,500 (Broker cooperate.) (> Proceeds to benefit the building of homeless housing in Oakland. Owner is a local non-profit organization.)