RE/MAX Accord
Adam Cox - DRE #01824392 , RE/MAX AccordPhone: (925) 209-6152
Email: [email protected]
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listing
1 of 23
Single FamilyPending
$4,488,000
1525 Lakeside Drive
Oakland, CA 94612
Listed by: Eymon Binesh from Marcus & Millichap, (650) 391-1700
MLS: Bay East Contra Costa (BECCAR)
17,872Sq Ft
Est. Mortgage
$23,266/mo

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.

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Information courtesy of Marcus & Millichap is subject to verification and is not guaranteed.
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