Auction Information
Multifamily/Mixed-Use Land | West Oakland
As the exclusive advisor, Colliers is pleased to offer the 0.44-acre commercial parcel with previously approved plans for 105 multifamily units to the West Oakland, California market. Comprising seven land parcels with over 200 feet of direct frontage along Brush Street and off Interstate 980, the site has prime visibility and accessibility. It was previously approved for 105 multifamily units, as well as 22 parking spaces, 105 bicycle parking spaces, and 1,620 square feet of commercial space. The recently anticipated unit mix is 45 studio units, 25 one-bedroom units, 20 two-bedroom units, and 15 three-bedroom units, ranging from 350 to 934 square feet.
This development opportunity in West Oakland is close to Downtown and Uptown Oakland, providing easy access to surrounding restaurants, bars, shopping, entertainment, and more. Being off Interstate 980, more than 140,000 passing cars are...
This development opportunity in West Oakland is close to Downtown and Uptown Oakland, providing easy access to surrounding restaurants, bars, shopping, entertainment, and more. Being off Interstate 980, more than 140,000 passing cars are exposed to the site daily. Future residents of the site will be just a half-mile from the 19th Street Oakland BART Station and a seven-minute bike ride from Lake Merritt. 2116 Brush Street is nestled in West Oakland/ Alameda Countys designated Opportunity Zone, where county tax benefits may be eligible.
There are approximately 254,522 residents with an average household income shy of $130,000 within a 3-mile radius. The stabilized realm generates more than $3.8 billion in consumer spending annually, and the median home value is more than $1 million. Roughly 86% of the 3-mile radiuss households are one-, two-, and three-person occupied, aligning with the sites multifamily capabilities. Furthermore, 71% of households are renter-occupied, signifying strong rental demand in the area.
Multifamily development is easily feasible with updated plans and approvals, or the site also caters to mixed-use development.
Property tours are available by appointment only. Please contact the broker to schedule.
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