990 34th ST Oakland, CA 94608 Active

UPDATED: 10/29/2025 10:21 PM ON SITE: 52 days on site

$11,000,000

12 Beds7 Baths4,072 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,072 sqft

Price per Sqft $2,701

MLS Listing ID 425081135

Style Unknown

Bedrooms 12

Full Baths 7

HOA Y/N No

Year Built 1924

Lot Size 10,752 Sqft

Acres 0.2468

Property Sub-Type Mixed Use

Property Description

Exceptional development opportunity in the heart of Oakland! This property comes with approved entitlements from the City of Oakland to demolish the existing four-unit building and construct a six-story, 63-foot tall building featuring 78 residential units and two ground-floor commercial spaces. The project is fully entitled under the By Right Residential Approval Process and qualifies for the State Density Bonus Law, providing four valuable incentives including reduced setbacks, lot area, open space, and ground floor height. Architectural design and full building plans are in place, allowing a developer to step in and move forward without delay. The approved plans call for a well-balanced mix of housing: 20% reserved for moderate-income households, 80% for lower-income households, and one designated manager's unit. The property is zoned Mixed Housing Type Residential (RM-2, S-13 & S-14 Combining Zones) and is strategically located in Oakland's District 3, offering strong demand for both residential and retail. This is a rare, shovel-ready project in a prime urban market ideal for investors, builders, and developers seeking to deliver high-density housing in one of the Bay Area's most dynamic cities.