Property Details
About this Property
301 Lenox Ave is a trophy 32-unit, value-add apartment community centrally located in Oakland's coveted Adams Point neighborhood. The property is being offered at an attractive basis of $188,594/unit & $284/SF with an in-place Cap Rate of 6.11%.Built in 1962, this 21,231 SF structure is situated on a 11,950 SF soft corner lot at the intersection of Lenox Ave & Van Buren Ave. The building is comprised of 32 sizable 1-bed, 1-bath units including 2 penthouse level units each of which feature their own private rooftop deck. Community amenities & features include: a secured gated entry, a passenger elevator, a large interior courtyard, a secured parking garage with 26 parking spaces & storages units, a separate single-car garage, 2 on-site, coin-operated laundry facilities & a community rooftop deck with pristine views of Lake Merritt & the Downtown Oakland skyline. The property has undergone significant capital improvements including: a new roof (2020), new dual pane windows throughout (2020), sewer lateral replacement/compliance (2019), a roof mounted solar photovoltaic system (2015). The property is also exempt from the City of Oakland's mandatory soft story retrofit ordinance. The property is surrounded by Oakland's most popular retail districts and is steps from Whole Foods.
MLS Listing Information
MLS #
SF424061241
MLS Source
San Francisco Association of Realtors® MLS
Days on Site
80
Interior Features
Kitchen
Varies by Unit
Appliances
Cooktop - Electric, Dishwasher, Freezer, Oven - Built-In, Oven - Electric, Oven Range - Electric
Flooring
Carpet, Linoleum, Simulated Wood, Varies by Unit, Vinyl
Laundry
Coin Operated
Heating
Gas, Wall Furnace
Exterior Features
Roof
Flat, Other, Bitumen
Parking, School, and Other Information
Garage/Parking
Access - Interior, Attached Garage, Covered Parking, Garage, Gate/Door Opener, Garage: 27 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Contact Information
Listing Agent
Keith Manson
CBRE
License #: 01490046
Phone: (510) 874-1919
Co-Listing Agent
Zachary Greenwood
License #: 01960296
Phone: (510) 874-1918
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 29 | – |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 650 | 1 | 1/0 | $1,654 | – | – |
| 2 | 650 | 1 | 1/0 | $2,250 | – | – |
| 3 | – | 1 | 1/0 | – | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
301 Lenox Ave is a Residential Income in Oakland, CA 94610. This 21,231 square foot property sits on a 0.274 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $6,035,000 and was built in 1962. This address can also be written as 301 Lenox Ave, Oakland, CA 94610.
©2024 San Francisco Association of Realtors® MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Francisco Association of Realtors® MLS.
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This listing information is up-to-date as of September 23, 2024. For the most current information, please contact Keith Manson, (510) 874-1919
