Multi-Family
Polaris Apartments
11965 San Pablo Ave, El Cerrito, CA 94530
Listing Price: $3,400,000
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
Listing Price: $3,400,000
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
