650-863-2427
990 34th St, Oakland, CA for Sale
Residential LAND - FOR SALE
1/15
10,890 SF

990 34th St
Oakland, CA 94608
Hoover-Foster


HIGHLIGHTS

  • Approved development plans for 78 affordable senior units and 2 commercial spaces with secured entitlement status.
  • Incorporates premier senior-oriented amenities including a fitness center, community spaces, and a rooftop deck with BBQ area.
  • Located near West Oakland and MacArthur BART stations, providing strong regional transit connectivity.
  • Utilizes modular prefabrication methods enabling accelerated timelines and reduced construction risk.
  • Supported by secured public funding sources, including LIHTC allocation and local housing grants to minimize financing risk.
  • Walkable urban infill location with proximity to retail, healthcare, dining, and personal services tailored for senior needs.

OVERVIEW

990 34th Street is an approved senior affordable housing development opportunity consisting of 78 residential units and approximately 2,150 square feet of ground-floor commercial space. The project includes ground-floor parking with 6 parking spaces and a dedicated bicycle storage area, providing a well-balanced program designed to support long-term resident stability and convenience. With a very limited pipeline of new affordable senior housing in the East Bay, the project is well positioned to meet strong and growing demand driven by demographic trends and regional housing shortages. The project is thoughtfully designed to support the needs of senior residents through a range of on-site amenities that promote comfort, convenience, and community engagement. Planned features include a reception area, community room, three offices for resident services, a conference room, and a fitness center. In addition, the design incorporates a 502 square foot sixth-floor outdoor deck with BBQ facilities, creating an inviting space that encourages social interaction and fosters a sense of community among residents. The development is designed to utilize Harbinger Homes volumetric prefabrication, allowing approximately 80% of construction to occur in a controlled indoor environment, reducing exposure to labor volatility, minimizing weather-related delays, and compressing the overall construction timeline while lowering total development costs. The project also benefits from ministerial “By Right” approvals, eliminating discretionary review, CEQA litigation risk, and public appeal delays, substantially reducing entitlement risk and creating a predictable path to construction. The combination of available funding sources, streamlined approvals, modular construction efficiencies, and strong demand fundamentals positions 990 34th Street as a technical execution opportunity rather than a speculative entitlement play, offering a highly efficient and scalable affordable housing development model within the Oakland market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units - Senior

LAND ACRES

0.25 AC

LAND SF

10,890 SF

OFFSITE IMPROVEMENTS

-

ZONING

RM-2

APN/PARCEL ID

009-0740-014-00

ASK ABOUT THIS PROPERTY

Gavin McDowellEngel & VolkersMore Info
650-863-2427

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Gavin McDowellEngel & VolkersMore Info
650-863-2427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.