
7106 Outlook Ave
Residential development opportunity for up to 24 market rate units and additional AHU
Marketing description
This large 24645 sq' (.566 ac) L- shaped lot has a lower portion which is mostly level and a rear portion which climbs part way up Simson Hill. It is connected to 6935 Simson (043-01) and 7022 Outlook (051-01), which must be purchased together with this lot for a total of 104,443 sq' or (2.4 ac) and providing excellent views toward San Francisco Bay. There is a water meter at the curb, which adds over $65,000 value, and a driveway with legal curb cut which adds thousands to value. Property has a legal address with a mailbox. Records indicate that there was previously a structure on the property. Utilities at the street include water, gas, sewer, electric, telephone, cable and fiber-optic. This is an rare opportunity to build your dream estate, 'urban farm' or potentially develop multiple units. See Oakland Planning code for permitted uses in RD-1, especially for properties over 1 acre.
6 parcels are available available and offers on multiple adjoining parcels is encouraged. 3 parcels have paved city street frontage and 3 are interior hillside parcels. Seller will consider offers of $1,750,000 for all 6 together, rather than $2,650,000 when bought separately. Seller must bundle this lot with 040a-3415-043-01 (0.819 ac) and 051-01 (1.01ac) which share a common legal description. Seller may carry loan with sufficient down payment. Each is zoned per City of Oakland as RD and S-13 bonus zoning with 2 lots exceeding 1 acre and all exceeding 6000 sf. Please refer to Oakland Planning Code for permitted and conditional uses, such as limited agriculture on land greater than 1 acre, residential, ADU, and nonresidential. 7106 Outlook has an existing water meter, driveway, mailbox and formerly had a residential structure connected to utilities.
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