1525 Lakeside Drive, Oakland, CA 94612
-
Listed Price :
$5,280,000
-
Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
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Year Built :
1910
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
1525 Lakeside Drive |
| City |
Oakland |
| State |
CA |
| Zip |
94612 |
| County |
Alameda |
| Listing Agent |
Eymon Binesh DRE #02060059 |
| Co-Listing Agent |
Adam S. Levin DRE #01462752 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$5,280,000 |
| Status |
Active |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
12,800 |
| Year Built |
1910 |
Listing information courtesy of: Eymon Binesh, Adam S. Levin, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 3:59 PM 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.
