PRIME OAKLAND DUAL-PARCEL DEVELOPMENT OPPORTUNITY PROPERTY OVERVIEW Prominent Realty & Funding is pleased to present the opportunity to acquire two contiguous, level infill development parcels totaling approximately 10,014 SF (0.23 Acres) located along the high-visibility MacArthur Boulevard commercial transit corridor in East Oakland (APNs: 046-5490-003-00 & 046-5490-004-00). Offered at an aggressive listing price of $499,000, the property presents an exceptionally low acquisition land basis of ~$10,183 per planned door and $13.36 per buildable GSF. DUAL DEVELOPMENT PATHWAYS OPTION 1: 100% AFFORDABLE / SUPPORTIVE HOUSING (49 UNITS) - Streamlined Approval: Designed under California Assembly Bill 2162 (AB 2162) for ministerial, by-right processing bypassing lengthier entitlements. - Building Specs: Full architectural and civil engineering plans on file for a 6-story, 37,361 GSF podium structure featuring 49 total units (48 studios + 1 manager unit), 7,450 SF of ground-floor supportive service space, and 23 garage parking spaces. - Funding Ready: An acquisition basis of ~$10,183/door easily satisfies public grant and LIHTC tax-credit underwriting criteria. - Status Note: City of Oakland approval record PLN23047 was approved July 2023 and currently carries an administrative hold for standard stormwater documentation. OPTION 2: PRIVATE / MARKET-RATE INFILL (8 TOWNHOMES + RETAIL) - Lower-Scale Framework: Previous City of Oakland Development Permit approval (PLN19039) for a 3-story mixed-use building. - Building Specs: Plans include 8 residential townhomes/condos (11,675 SF total) and 1,200 SF of ground-floor commercial/retail space with garage parking. - Re-Entitlement Potential: While the initial permit reached its expiration date, complete plans remain on file to serve as a turn-key framework for traditional private builders leveraging SB 330 or AB 2011 density laws. LOCATION & ACCESS Strong Walk and Transit scores along MacArthur Blvd near 98th Ave. Quick access to I-580 and I-880 corridors. OFFERING TERMS & DATA ROOM Both parcels must be purchased together. A Virtual Data Room (VDR) featuring 13 architectural sheets, civil site surveys, and parcel maps is available upon request. Buyer to independently verify current entitlement status, zoning, lot dimensions, and project feasibility with the City of Oakland.