Charming Queen Anne-style 3-bed, 1-bath home on an approx. 50' x 150' (7,500 sq. ft.) lot in unincorporated Cherryland, Alameda County. Zoned R-2 with significant development potential. Rare TWO-LOT opportunity! Adjacent vacant 50' x 150' R-2 parcel, created through a recorded SB 684/SB 1123 lot split, is separately offered for $300,000. Purchase separately or acquire both legal parcels for a combined approx. 15,000 sq. ft. development site, with flexibility to develop each parcel independently. Final feasibility study and conceptual renderings now available! Study identifies up to 4 homes per lot/8 total by-right, plus higher-density concepts of 5 to 6 homes per lot 10 to12 total. Parking approach - covered or uncovered - will depend on final development plan and unit count. Higher-density concepts may require a CUP, phased permitting and/or County approval. Existing home offers immediate use as a residence, rental or holding asset while development plans are pursued. Near BART, transit, shopping, schools and employment. Feasibility study/renderings are conceptual and not approved plans or entitlements. Buyer to independently verify zoning, unit count, ADUs, parking, fire, utilities, permitting and all development requirements with Alameda County and applicable agencies.