[sudo-discuss] Buying Greater Galilee Church in West Oakland - Viewing Tuesday 8pm

[Max Klein]

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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