Published February 17, 2024

Updated July 26, 2026

203k Mixed Use Buildings Oakland CA or anywhere else in the country.

FHA loan limits have been increased dramatically and that includes the 203k. 3.5% down for a commercial building, holy cow. Some real estate professionals are missing the boat with mixed use buildings, warehouses in residential neighborhoods, and larger income units from 5-8 units... all of these are 203k potential.

Warehouse - turn it into "Live/Work" units up to 4. Yes the owner must live in one unit but many people would live in a "Live/Work" unit know lots of other people who might like that too and become tenants. 

The additional rental units add income to the borrower's other income. If they can qualifiy for a SFR then they will likely qualify for this.

Mixed Use - ignore the commercial and work with up to 4 residential units in the building. If you could steal a 3 story building with multiple units... make them flats with commercial on the bottom floor only...

Start looking through your MLS files for larger type buildings that might fit these scenarios. We are here to assist you wherever you are. There is a "little known" feature of this product that allows "non-residential land use to residential use" if the zoning will allow it.

Updated July 26, 2026. This scenario no longer works. For a mixed use loan the original use of the building must have been residential. If you find a 6-8 unit build that the zoning would allow a 1-4 unit then you have a potentially good investment.