Property Details
About this Property
Marcus & Millichap is pleased to present the prestigious 1525 Lakeside Drive, recognized by many as one of the most iconic properties on Lake Merritt in the heart of Oakland, California. This asset has been cared for by the same family for nearly 40 years. The property features spacious two-bedroom, one-bedroom, and studio floor-plans. Residents at 1525 Lakeside Drive enjoy amenities including off-street covered parking, on-site laundry, and beautiful lake views. The building has recently gone through substantial capital improvements, with many of the units featuring LVT flooring, updated kitchens, and newer bathrooms. The brick facade has been reinforced, and the building has recently been deemed exempt from Oaklands Soft Story Ordinance. This building qualifies for excellent financing and boasts a 6.00% CAP rate on current metrics, with upside trending to an 8.00% CAP.
MLS Listing Information
MLS #
ML81980185
MLS Source
MLSListings, Inc.
Interior Features
Kitchen
Countertop - Granite, Countertop - Stone, Countertop - Tile
Appliances
Washer/Dryer
Flooring
Laminate, Tile
Laundry
Coin Operated
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Flat
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Covered Parking, Garage: 16 Car(s)
Elementary District
Oakland Unified
High School District
Oakland Unified
Water
Public
Zoning
CBD-R
Contact Information
Listing Agent
Eymon Binesh
Marcus & Millichap
License #: 02060059
Phone: (650) 546-1030
Co-Listing Agent
Adam S Levin
License #: 01462752
Phone: (650) 492-0934
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 12 | 21 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 550 | 0 | 1/0 | $1,020 | $1,795 | 3 |
| 2 | 750 | 1 | 1/0 | $1,055 | $2,695 | 15 |
| 3 | 989 | 2 | 1/0 | $2,795 | $2,879 | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1525 Lakeside Dr is a Residential Income in Oakland, CA 94612. This 17,872 square foot property sits on a 0.293 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,488,000 and was built in 1910. This address can also be written as 1525 Lakeside Dr, Oakland, CA 94612.
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This listing information is up-to-date as of November 19, 2024. For the most current information, please contact Eymon Binesh, (650) 546-1030
