CA > Oakland
Oakland, CA 94612,1525 Lakeside DR
Oakland, CA 94612,1525 Lakeside DR
Oakland, CA 94612,1525 Lakeside DR
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,488,000
Est. payment /mo
0.29 Acres Lot
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UPDATED:

11/19/2024 06:24 PM

Key Details

Property Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID ML81980185

HOA Y/N No

Year Built 1910

Annual Tax Amount $78,538

Lot Size 0.294 Acres

Property Description

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.

Location

State CA

County Alameda

Area 699 - Not Defined

Zoning CBD-R

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 16

Roof Type Flat

Total Parking Spaces 16

Building

Water Public

Schools

School District Other

Others

Tax ID 86309

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Eymon Binesh • Marcus & Millichap

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