SB 1123
Maximum Density
7041 Devon Way
Claremont Hills · Berkeley
Style
Unimproved Land
Zoning
RH-4
Year built
2004
Existing
1 building
Interior
5,222 sf
Lot size
15,335 sf
$849,000
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 1-10 potential units
$451K-$8.6M estimated cost
$733K-$11.6M 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
Loading infill model...
Density level
Density controls will appear after the model finishes loading.
Generating the lot configuration for this scenario and density...
Scenario Renders
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
$1,325,833
SB 1123 scenario · 1 new unit · 800 new sf
Build Cost / SF
$
SB 1123 build cost$451,363
34% of project cost
Property acquisition$874,470
66% of project cost
Estimated Project Value (2 Year)
$1,581,800
$1,581,800 1-year project value ·
19.3% total ROI
$255,967 potential ROI
Added scenario value$732,800
46% of completed value
Current property value$849,000
54% of completed value
Acquisition66%
Soft Costs7%
Hard Costs27%
Value Projections
Today list price$849,000
24-month added value$732,800
24-month project value$1,581,800
Potential ROI$255,967
Assumptions
Current sale / sf$163
Average sale / sf$916
Annual growth0.0%
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
$1.33M
# of original sq ft
5,222
# of new sq ft
800
Total sq ft
6,022
Per Sq Ft
N/A
Per Sq Ft
$564
Per Sq Ft
$220
Total
$874K
Total
$451K
Total
$1.33M
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
Design
Concept design, site planning, and early coordination.
Month 1 - Month 2
Permitting
Planning review, entitlement approvals, and building permits.
Month 3 - Month 6
Site Work
Utility coordination, grading, and site preparation.
Month 7 - Month 8
Construction
Vertical construction through final inspection.
Month 9 - Month 15
M1
M2
M3
M4
M5
M6
M7
M8
M9
M10
M11
M12
M13
M14
M15
Design
Concept design, site planning, and early coordination.
Month 1 - Month 2
2 months
Permitting
Planning review, entitlement approvals, and building permits.
Month 3 - Month 6
4 months
Site Work
Utility coordination, grading, and site preparation.
Month 7 - Month 8
2 months
Construction
Vertical construction through final inspection.
Month 9 - Month 15
7 months
Property Overview
MLS: bridgeMLS
Property information from bridgeMLS
Listed by David Gunderman · KW Advisors East Bay
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 July 30, 2026 at 7:56 AM PDT.
Location
Data from Type Five
Jurisdiction
Oakland
Zoning
RH-4
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
No
Fire Risk
Data from Type Five
Fire Hazard Zone
VHFHZ AND S-9 OVERLAY
Fire Responsibility
LRA
Wildfire Protection Req.
Yes