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1525 Lakeside Drive, Oakland, CA 94612
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1525 Lakeside Drive
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  • MLS#: ML81980185 ( )
  • Street Address: 1525 Lakeside Drive
  • Viewed: 3
  • Price: $4,488,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1910
  • Bldg sqft: 0
  • Days On Market: 64
  • Additional Information
  • County: ALAMEDA
  • City: Oakland
  • Zipcode: 94612
  • Provided by: Marcus & Millichap
  • Contact: Eymon Eymon
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 17872.00
Carport Spaces
  1. 16.00
Cooling
  1. None
Heating
  1. Wall Furnace
Insurance Expense
  1. 16085.00
Otherexpense
  1. 45521.00
Parcel Number
  1. 86309
Roof
  1. Flat
Totalexpenses
  1. 209027.00
Trash Expense
  1. 15600.00
Water Source
  1. Public
Year Built
  1. 1910
Year Built Source
  1. Other
Zoning
  1. CBD-R