27 Sep
2013
27 Sep
'13
7:39 p.m.
Yes, the building itself is certainly not worth a lot/if anything. It was
built by one of the founders of that specific church, some 4-7 decades ago.
One of the churchgoers' fathers I believe. But hey! with some creativity,
skill and hard work anything is possible, and building new dwelling(s)
doesn't necessarily have to be a 2 year project.
Might even be possible to get for less than 400k.
Make a great day,
Morten H. D. Fuglsang
US: +1 415 799 6931 // skype: FlyvendeHest
On Fri, Sep 27, 2013 at 4:03 PM, David Wild <davidnorbertwild(a)gmail.com>wrote;wrote:
rad, max.
you seem to know a thing or two about group financing. but for more info I
bet you could get advice on group purchasing from this crew who is starting
a community nexus in north oakland. check them out:
https://www.facebook.com/theomniproject . they recently acquired a huge
lot on shattuck behind creative reuse!
i can put you in touch with one of the founding members if you like!
-dw
On Fri, Sep 27, 2013 at 1:57 PM, Max Klein <isalix(a)gmail.com> wrote:
Hello All,
==What?==
There is a church that has gone bankrupt, and their property is for sale.
2439 Adeline Street
Oakland, CA 94607
The appraisal value is $500k, but it is not on the market yet. (Appraisal
pdf attached). So my feeling is that we can make an offer for somewhere
around $400k if we organize quickly.
There are some pictures in the appraisal PDF.
I have set up an appointment to View the church at 8pm on Tuesday 1st
October. I'm inviting you to come see if you want.
==Communal Buying==
There are several ways to buy the property. I am intrigued by a
multi-buyer shared-equity approach. Where everybody that pays not
necessarily equal amounts, owns equity in not necessarily equal amounts.
There has also been an offer of lender financing if we put $178k down.
I am open to creative solutions.
==Potential Uses==
Currently it is zoned "CIX" commercial-industrial mix. That means that
officially you can only use one-third of the space for living. If we were
to get a mortgage we would need a business license. Of course thought once
you own it, there isn't zoning police that check what you do with it.
So we could make this into housing, hostel, a venue, keep it a church,
have a tiny house village on the back bit.
Again I am open to creative solutions.
==Get in touch==
If you want to come to the viewing, please email or call me (7074787023).
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