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

[Patrik D'haeseleer]

If this is the same one that Marc Juul has been talking about for a while,
it sounds like it has significant structural and mold issues - may want to
check with him....

Patrik


On Fri, Sep 27, 2013 at 1:56 PM, Max Klein <isalix at 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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>
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