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2400 Filbert St
Oakland, CA 94607
Industrial Property For Sale
Executive Summary
2400 Filbert Street presents a rare investment opportunity to acquire a fully entitled Assisted Living and Memory Care development in Oakland, California. Located within a Qualified Opportunity Zone (QOZ), this project is approved “by right” for a 193-unit, 386-bed facility designed to meet the growing demand for senior housing in Northern California. The development plan includes approximately 90,000 square feet of secured living space, offering the highest level of residential memory care under Level Care Tiers 3 and 4.
The property is strategically positioned to deliver a recession-resilient asset class with government-backed revenue streams through the Medi-Cal Assisted Living Waiver (ALW) program. With zero competing supply in Northern California, the project addresses a critical shortage of senior care facilities, driven by the demographic surge known as the “Silver Tsunami.” The design incorporates resort-style amenities such as a bistro café, spa, chef-curated dining, theater, yoga and meditation spaces, and art studios, creating a lifestyle-focused environment for residents.
The property is strategically positioned to deliver a recession-resilient asset class with government-backed revenue streams through the Medi-Cal Assisted Living Waiver (ALW) program. With zero competing supply in Northern California, the project addresses a critical shortage of senior care facilities, driven by the demographic surge known as the “Silver Tsunami.” The design incorporates resort-style amenities such as a bistro café, spa, chef-curated dining, theater, yoga and meditation spaces, and art studios, creating a lifestyle-focused environment for residents.
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Redevelopment Project | Year Built/Renovated | 1956/2018 |
| Property Type | Industrial | Parking Ratio | 0.41/1,000 SF |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 3 |
| Building Class | C | No. Drive In / Grade-Level Doors | 9 |
| Lot Size | 1.42 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 36,380 SF | ||
| Zoning | RM-4 - Mixed Housing Type Residential | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.42 AC |
| Rentable Building Area | 36,380 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1956/2018 |
| Parking Ratio | 0.41/1,000 SF |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 9 |
| Opportunity Zone |
Yes |
| Zoning | RM-4 - Mixed Housing Type Residential |
Amenities
- Fenced Lot
Utilities
- Water - City Water
- Sewer - City Sewer
Property Taxes
| Parcel Number | 005-0433-018-05 | Improvements Assessment | $0 CAD |
| Land Assessment | $6,373,703 CAD | Total Assessment | $6,373,703 CAD |
Property Taxes
Parcel Number
005-0433-018-05
Land Assessment
$6,373,703 CAD
Improvements Assessment
$0 CAD
Total Assessment
$6,373,703 CAD
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