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

[Danny Spitzberg]

I've imagined breathing life into the round (carousel?) building at 27th
and Broadway. Done right, a revitalization could bring great visibility to
a good cause. Anyone have any insider info on that locale?

[image: Inline image 1]


On Fri, Sep 27, 2013 at 7:39 PM, Morten H. D. Fuglsang <vallebo at gmail.com>wrote:

> 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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>
>
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