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209 Sheridan Rd

Upper Rockridge · Oakland

209 Sheridan Rd

Style

Unimproved Land

Zoning

RD

Year built

2009

Existing

1 building

Interior

3,340 sf

Lot size

6,002 sf

$79,000

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 1-6 potential units
$451K-$4.1M estimated cost
$2M-$18M future value add

Single-Family Homes and ADUs on Separate Lots

Some density options may be space constrained
Add 4 potential units
$2.4M estimated cost

Density level

You can demo a structure as long as its vacant / condemned / owner-occupied, has been off the rental market for 5 years, and has no Ellis act evictions in the past 15 years.

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 1123
Estimated Project Cost
$532,733
SB 1123 scenario · 1 new unit · 800 new sf
Build Cost / SF
$
SB 1123 build cost$451,363
85% of project cost
Property acquisition$81,370
15% of project cost
Estimated Project Value (2 Year)
$2,086,900
$1,309,103 1-year project value ·
291.7% total ROI
$1,554,167 potential ROI
Added scenario value$2,007,900
96% of completed value
Current property value$79,000
4% of completed value
Acquisition15%
Soft Costs18%
Hard Costs67%
Value Projections
Today list price$79,000
24-month added value$2,007,900
24-month project value$2,086,900
Potential ROI$1,554,167
Assumptions
Current sale / sf$24
Average sale / sf$942
Annual growth63.2%
Comp bedrooms1
Comp radius5 miles
Price / sf sourceAverage sold comps
Added sqft800 sf
Cost Breakdown

Unit Economics
Original Property
Acquisition only
Build New Homes
Soft + hard costs
All-In
Total project
# of original homes
N/A
# of new homes
1
Total homes
1
Per Home
N/A
Per Home
$451K
Per Home
$533K
# of original sq ft
3,340
# of new sq ft
800
Total sq ft
4,140
Per Sq Ft
N/A
Per Sq Ft
$564
Per Sq Ft
$129
Total
$81K
Total
$451K
Total
$533K
Financing Estimate
Construction Loan

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

Construction Estimate
Loan Proceeds
Construction basis
Soft + hard costs
$451K
Loan proceeds
65% loan-to-cost
$293K
Cash required
Unfinanced development cost
$158K
Monthly payment
Interest-only estimate
$3K

Timeline

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

Estimated Total Duration

15 months

SB 1123

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 David Earley · Compass

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 November 1, 2026 at 1:32 PM PST.

Location

Data from Type Five
Jurisdiction
Oakland
Zoning
RD
Overlay Districts
S-9 OVERLAY
Climate Zone
Zone 3
Transit Access (1/2 mi)
-

Natural Hazards

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

Fire Risk

Data from Type Five
Fire Hazard Zone
VHFHZ AND S-9 OVERLAY
Fire Responsibility
LRA
Wildfire Protection Req.
-