1525 Lakeside Drive
Oakland, CA 94612
$792,000.00 (-15%)
Active for $4,488,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 12,800 sqft
| MLS | ML81980185 |
| Year Built | 1910 |
| Property Type | |
| County | Alameda |
| Status | Active |
| Active | $4,488,000 |
| Structure Size | N/A sqft |
| Lot Size | 12,800 sqft |
| Beds | N/A |
| Baths |
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.
Listing information courtesy of: Eymon Binesh, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of 11/14/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Eric Terarutunyan
REALTOR®
Direct: 818.618.7970
Email: Email Me
DRE: 02206321
DRE #01873088
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