While the nearby city of Richmond fights to keep owners in their homes, Oakland celebrates the potential for unprecedented capital investment — and unprecedented residential displacement.
3277 Martin Luther King Jr. Way, built in 1910
assessed value: $144,000
estimated value: $380,568
currently for sale: $275,000
This building was formerly the “Safehouse” squat, until residents were evicted. The building was burned in a fire on May Day 2011 — seller admits this is a “land sale, house only a shell left.” Owner has not paid property taxes since April 2009, and owes $30,995.60 in code enforcement fees.
from The Oakland Raiders, my piece on Oakland housing in the New Inquiry's December issue. Subscribe to read more and see all of the illustrated homes.