2218 Grant Street new

Berkeley,CA 94703

$ 3750000

- Bed

0 Bath

- SqFt


Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL25618269

HOA Y/N No

Lot Size 9,980 Sqft

Acres 0.23

Property Sub-Type Unimproved Land

Property Description

Vacant, adjacent land lots, 2218 & 2222 Grant St., zoned R-2 Berkeley Residence, recent zoning change allowing for more entitlements, offering an excellent redevelopment opportunity for multifamily or student housing. The property provides a clean slate for development in a desirable area with strong housing demand. Ideal for investors and developers seeking proximity to local amenities and educational institutions, 0.6mi from UC Berkeley, one of the most prestigious schools in the country, and 0.5mi from the downtown Berkeley BART station, offering benefits from CA SB-79. Two vacant homes on 9,980 sq ft of land total between the two lots. This R-2 zoned site is eligible for significant new density under Berkeley's recently passed, Middle Housing Ordinance and when coupled with density bonus and proximity to mass transit (CA SB 79) a developer could build anywhere from 16 to 28 units in 3 to 6 stories without any parking. Height and density will be determined by affordable restrictions. There are no parking requirements for this site, as it's walking distance to UC Berkeley, retail and public transportation. This site is currently unentitled and provides a developer to design a project that takes advantage of Berkeley's recent changes in zoning. Rare, assembled development site i

Location

State CA

County Alameda

Interior

Fireplace No

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 0572013010

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