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1556 8th Street

Oakland

1556 8th Street

Style

Unimproved Land

Zoning

RM-3

Year built

1893

Existing

1 building · 2 units

Interior

1,870 sf

Lot size

2,088 sf

$330,000

For Sale

Development Scenarios

Here's how you can use existing housing laws to add more housing units to this property. For illustrative purposes only, as actual site conditions should be verified in person.

Single-Family or Multi-Family Homes on Separate Lots

Add 1 potential unit
$373K-$717K estimated cost
$511K-$2.9M future value add
Loading infill model...

Density level

Density controls will appear after the model finishes loading.

Generating the lot configuration for this scenario and density...

Financials

These estimates model the potential development economics for this scenario using local construction costs and comparable sale prices. They're provided for illustrative purposes only and aren't financial advice.

Selected ScenarioSB 684
Estimated Project Cost
$712,422
SB 684 scenario · 1 new unit · 606 new sf
Build Cost / SF
$
SB 684 build cost$372,522
52% of project cost
Property acquisition$339,900
48% of project cost
Estimated Project Value (2 Year)
$840,862
$783,390 1-year project value ·
18.0% total ROI
$128,441 potential ROI
Added scenario value$510,862
61% of completed value
Current property value$330,000
39% of completed value
Acquisition48%
Soft Costs12%
Hard Costs40%
Value Projections
Today list price$330,000
24-month added value$510,862
24-month project value$840,862
Potential ROI$128,441
Assumptions
Current sale / sf$176
Average sale / sf$664
Annual growth12.7%
Comp bedrooms1
Comp radius5 miles
Price / sf sourceAverage sold comps
Added sqft606 sf
Cost Breakdown

Unit Economics
Original Property
Acquisition only
Build New Homes
Soft + hard costs
All-In
Total project
# of original homes
2
# of new homes
1
Total homes
3
Per Home
$170K
Per Home
$373K
Per Home
$237K
# of original sq ft
1,870
# of new sq ft
606
Total sq ft
2,476
Per Sq Ft
$182
Per Sq Ft
$615
Per Sq Ft
$288
Total
$340K
Total
$373K
Total
$712K
Financing Estimate
Construction Loan

Estimate construction proceeds, cash required, and interest-only payments.

Construction Estimate
Loan Proceeds
Construction basis
Soft + hard costs
$373K
Loan proceeds
65% loan-to-cost
$242K
Cash required
Unfinanced development cost
$130K
Monthly payment
Interest-only estimate
$2K

Timeline

Typical project phasing based on the selected scenario, density, and generated development scope.

Estimated Total Duration

15 months

SB 684

Design

Concept design, site planning, and early coordination.

2 months

Month 1 - Month 2

Permitting

Planning review, entitlement approvals, and building permits.

4 months

Month 3 - Month 6

Site Work

Utility coordination, grading, and site preparation.

2 months

Month 7 - Month 8

Construction

Vertical construction through final inspection.

7 months

Month 9 - Month 15

Property Overview

MLS: bridgeMLS

Property information from bridgeMLS

Listed by Bella Shih · KW Elevate

bridgeMLS © 2026. Information Deemed Reliable but not Guaranteed. This information is being provided by bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at August 7, 2026 at 1:30 PM PDT.

Location

Data from Type Five
Jurisdiction
Oakland
Zoning
RM-3
Overlay Districts
None
Climate Zone
Zone 3
Transit Access (1/2 mi)
Yes (Peralta St & 8th St)

Natural Hazards

Data from Type Five
Flood Zone
X
Liquefaction Risk
Yes
Landslide Risk
No
Fault Zone
No

Fire Risk

Data from Type Five
Fire Hazard Zone
NOT IN VHFHZ
Fire Responsibility
LRA
Wildfire Protection Req.
No