Oakland, CA 94612,2325 Martin Luther King Jr Way
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Oakland, CA 94612,2325 Martin Luther King Jr Way
Oakland, CA 94612,2325 Martin Luther King Jr Way
Oakland, CA 94612,2325 Martin Luther King Jr Way
Oakland, CA 94612,2325 Martin Luther King Jr Way

$240,000

Est. payment /mo

$295,000

18.6%
Est.Price: ?

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2325 Martin Luther King Jr Way Oakland, CA 94612

3,750 Sqft Lot

SOLD DATE : 03/20/2025

Key Details

Sold Price $240,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41083329

Sold Date 03/20/25

HOA Y/N No

Year Built 1874

Lot Size 3,750 Sqft

Property Description

This property, currently a church, offers incredible potential under its RU-5 Urban Residential zoning. RU-5 zoning supports multi-unit, mid-rise, and high-rise residential development, along with ground-floor neighborhood businesses in key city corridors. Additionally, the S-13 Affordable Housing Combining Zone overlay enhances its appeal by offering incentives for affordable housing projects. These include bonus height allowances, relaxed development standards, and no maximum residential density restrictions for qualifying projects—an attractive alternative to the State Density Bonus Program. This is a unique chance to create impactful development in a convenient location!

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Others

Tax ID 86631

Financing Cash

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California Regional MLS (CRMLS)
Listed by Roxanne Adams • Exp Realty of California Inc.
Bought with Hansen Li • BQ Group Inc
agent

Rachael Stern Hughel

Realtor | License ID: 01218759

+1(818) 397-8177

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