8th and Alice

Revision as of 21:35, 25 November 2013 by Juul (talk | contribs)


  • Address: 251 8TH ST, OAKLAND 94607
  • Two blocks from Lake Merritt BART
  • Four blocks from Broadway
  • In Chinatown
  • Chinese grocery on 1st floor
  • Restaurant (Chinese?) on 1st floor. ~$8 entrees.


  • Parcel number: 1-185-18
  • Property tax: $4,440 secured + $4,597 supplemental = $8,997
  • Assuming one floor is 1/3 of that tax: $2,999 yearly or $250 monthly

Building and fire insurance

We heard that the building/fire insurance for The Omni is only $500 a month. That seems _really_ low for such a big space. We need to get a quote, but for now let's assume $500 for one floor.

3rd floor

  • Larger than 2nd floor
  • Rooftop access


  • Sink in main space
  • Lots of natural light
  • Three bathrooms
One big enough that it could be made ADA accessible.
  • Elevator
Not ADA compliant but can possibly be grandfathered in as ADA compliant? Big enough for wheelchair to drive in and back out


  • Floor plan total: 5,425 sqft
  • Floor plan total minus elevator/stairways: maybe ~5,000 sqft
  • Price: 90 cents per sqft nnn.
  • Creative Development Partners IG cost estimate (on top of nnn): $0.25 to $0.50 per sqft
  • Our IG cost estimate: $250 tax monthly + maybe $500 building/fire insurance monthly
  • Total cost estimate with CDP: $5,750 to $7,000
  • Total cost estimate with ours: $5,250

2nd floor

  • Smaller than 3rd floor
Acupuncturist has his office there + some space lost to shared hallway.
  • Shared bathroom between acupuncturist and whoever leases the main space.
  • Stair access to ground floor.
  • No rooftop access.


  • Accessible via stairs from 3rd floor
  • Needs to be tested for structural integrity / leaks.

The CDP (leasers) will find out if the rooftop is usable. They are interested in making it a usable space. This would be an awesome space for outdoor events during the summer. Unfortunately no elevators go there and the stairs are narrow.