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Multi-Family

Polaris Apartments

11965 San Pablo Ave, El Cerrito, CA 94530

Listing Price: $3,400,000

Lot Size
0.53 acres
Price/Acre
$6,453,052
Land Type
Land
Buildable Square Feet
108,102

Investment Overview

Fully entitled Multifamily Development with 7% affordable units
The site is a 21,920-square-foot multifamily transit-oriented development, fully-entitled to construct an eight-story and approximately 123,914-square-foot residential project in El Cerrito’s Uptown District. The site lies within the Transit Oriented High-Intensity Mixed Use (TOHIMU) zoning district. The project will contain 144 total residential units, including ten on-site below-market-rate units. The City of El Cerrito affordable housing incentive allows a maximum building height of 85’ (instead of 65’). The project plans include below-grade resident parking and storage as well as on-site car share services, electric vehicle charging stations, and secure bicycle parking.

Investment Highlights

  • Entitled for 144 units the city is open to allowing the developer to scale down to 100 units.
  • It is a couple of blocks from BART and 8 minutes to the downtown BART Station.
  • No Union Labor and 7% BMR.

Exclusively Listed By

Multi-Family

Polaris Apartments

Listing Price: $3,400,000

Lot Size
0.53 acres
Price/Acre
$6,453,052
Land Type
Land
Buildable Square Feet
108,102

Investment Highlights

  • Entitled for 144 units the city is open to allowing the developer to scale down to 100 units.
  • It is a couple of blocks from BART and 8 minutes to the downtown BART Station.
  • No Union Labor and 7% BMR.

Investment Overview

Fully entitled Multifamily Development with 7% affordable units The site is a 21,920-square-foot multifamily transit-oriented development, fully-entitled to construct an eight-story and approximately 123,914-square-foot residential project in El Cerrito’s Uptown District. The site lies within the Transit Oriented High-Intensity Mixed Use (TOHIMU) zoning district. The project will contain 144 total residential units, including ten on-site below-market-rate units. The City of El Cerrito affordable housing incentive allows a maximum building height of 85’ (instead of 65’). The project plans include below-grade resident parking and storage as well as on-site car share services, electric vehicle charging stations, and secure bicycle parking.

Exclusively Listed By

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