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623 15th St - 1414 MARTIN LUTHER KING JR WAY, OAKLAND, CA 0.19 Acres of Residential Land in Oakland, CA 94606

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Investment Highlights

Fully entitled 49-unit residential development approved by the City of Oakland.
Modular construction approved for the primary six-story building.
Approximately six-minute walk to 12th Street/Oakland City Center BART Station.

Active building permit application and completed construction drawings.
Located within a federally designated Opportunity Zone.
No parking requirement, reducing development complexity and cost.

Executive Summary

Sequoia Commercial Group is pleased to present the exclusive opportunity to acquire 1414 Martin Luther King Jr. Way & 623 15th Street, a fully entitled, shovel-ready 49-unit development site in the heart of Downtown Oakland. The two adjacent parcels (±7,913 SF) carry City of Oakland approvals for two modern multifamily buildings: a six-story, 39-unit building and a three-story, 10-unit building, together delivering 49 efficiently designed, furnished studio residences. Construction drawings are complete, the principal building is approved for modular construction, and the building-permit application is active, collapsing the entitlement timeline and risk that defines most ground-up opportunities. The next owner steps into an approved, build-ready project rather than a multi-year entitlement process. Situated within a federally designated Opportunity Zone and a short walk from the 12th Street BART station, the Property offers a rare, reset-basis entry into one of the Bay Area’s most transit-rich, walkable urban cores. The Property is offered unpriced; the Seller invites offers

Marketing Brochure/Flyer

Property Facts

Sale Type	Investment	Proposed Use	Apartment Units
No. Lots	1	Total Lot Size	0.19 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Residential
Zoning	CBD-X - Commercial

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Apartment Units
Total Lot Size	0.19 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CBD-X - Commercial

1 Lot Available

Lot

Lot Size	0.19 AC

Lot Size	0.19 AC

SHOVEL-READY, ENTITLED & PERMITTED

Description

Positioned within Downtown Oakland's CBD-X zoning district and a federally designated Opportunity Zone, the property is located approximately a six-minute walk from the 12th Street/Oakland City Center BART Station. The site provides convenient access to Uptown Oakland, Old Oakland, Lake Merritt, Jack London Square, major employment centers, educational institutions, and regional transportation networks including I-880, I-980, I-580, and CA-24. Nearby demand drivers include Kaiser Permanente, Alameda County government offices, Oakland City Hall, Samuel Merritt University, and the Port of Oakland. For developers and investors seeking a transit-oriented residential opportunity in an established urban core, the project offers the rare combination of approved density, advanced entitlement status, and a location within one of the Bay Area's most connected downtown districts.

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