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

[Morten H. D. Fuglsang]

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 at gmail.com>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 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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