The Bay Area Multifamily Team of Colliers International is pleased to present the Lake Merritt Portfolio. Located in the heart of Oakland, the Lake Merritt Portfolio contains (4) multifamily properties located in various districts surrounding Lake Merritt. The Portfolio is being offered free and clear of debt at an incredibly attractive basis with strong in-place yields. • 33 Units 71 10th St Peralta Park District • 12 Units 430 Vernon St Adams Point District • 15 Units 646 Foothill Blvd East Lake District • 13 Units 3465 Richmond Blvd Uptown District Portfolio Highlights • Attractive Combination of Studios, 1-Bedroom, and 2-Bedroom Units • Amenities: Controlled Access, On-Site Parking, and a Laundry Facility• Professionally Managed Assets • Convenient Access to Multiple BART Stations & Premier Retail Corridors • Centrally Located Around Lake Merritt, Ability to Manage All (4) Properties
25 Monte Vista Avenue is a beautifully maintained turnkey fourplex located just steps from Piedmont Avenue in Oakland, CA. The property features one (1) two-level 2bd/2ba unit, one (1) 2bd/1ba unit, and two (2) large 1bd/1ba units totaling 4,269 square feet. This property seamlessly blends timeless 1900s architecture with an impressive array of modern upgrades, including a TESLA solar roof and Powerwall, fresh exterior paint, double-pane windows, new electrical and plumbing, and a new foundation with seismic retrofit. Additional improvements include tankless water heaters, an electric car charger, and individually metered WATER, gas, and electric keeping expenses low. Residents enjoy an elevated living experience with nine (9) foot ceilings, hardwood floors, forced air heating, in-unit washers and dryers, private rear decks/patios, and access to a well-equipped exercise room. The property also offers five (5) gated parking spaces, private storage units, and a secure, convenient environment. With its prime location near Piedmont Avenue's shopping and dining, this property presents an excellent investment opportunity with immediate upside potential.
Proud to present 555 Oakland Avenue, a well-maintained 19-unit apartment community located in Oakland's Grand Lake neighborhood. The property consists of one (1) 2 bedroom - 2 bathroom Penthouse, three (3) 2 bedroom - 1 bathroom units, and fifteen (15) 1 bedroom - 1 bathroom units totaling 16,923 square feet. Amenities include 19 garage parking spaces, balconies with views (select units), and an on-site laundry room. This pride of ownership property stands out for its pristine cleanliness, exceptional upkeep, and excellent occupancy history demonstrating the strong demand for this location. This is a rare opportunity to secure a turnkey multifamily asset in one of Oakland's most desired neighborhoods. 555 Oakland Avenue is located just three blocks from the Piedmont Avenue shopping district. Residents benefit from a range of choices, from Michelin-starred restaurant Commis to the historic Piedmont Theatre to the casual Barney's Gourmet Burgers, as well as a variety of other restaurants and shopping options. Commuters will appreciate the close proximity of city bus lines and the MacArthur BART Station, which allows access to the entire Bay Area. Additionally, the property is a short 0.4 mile walk to the hospital (Oakland's largest employer)
Located near the border of Piedmont, this rare 4-unit property is a trophy investment opportunity. Each of the four 1 BD/1 BA units offers spacious living with abundant natural light. Every unit includes a garage, providing added convenience and value for tenants. The property features a common laundry area equipped with coin-operated washers and dryers, offering ease and accessibility. With market rent significantly higher than the current rent, this property presents an excellent opportunity to increase revenue and maximize your investment potential. Set on a tranquil street yet close to local amenities, shops, dining, and public transportation, this property is in an excellent location, allowing easy access to the vibrant energy of Montclair Village and also downtown Oakland. Don't miss out on acquiring this exceptional income-generating property!
138 Monte Cresta is a fantastic 30 unit trophy corner apartment building excellently located off Piedmont Ave. in Oakland, CA. The property consists of 14 one bedroom units and 16 studio apartments. All units except two have been renovated and the majority have updated kitchens and bathrooms. Most units have excellent natural light and ample closet/storage space. There is one stack of studios that are all electric powered, otherwise, the units have gas stoves, and are separately metered for gas and electricity. There are dishwashers in all units and a laundry room with 3 washers and 3 dryers, all coin operated. The building boasts a lush entry walkway, a lovely lobby, and a huge, beautiful park-like side yard with sitting areas for tenants to enjoy the surrounding tree grove. This corner property has two garages with 13 parking spaces in the upper garage and 8 car parking in the lower garage, totaling 21 parking spaces. Owner provides steam heat.
The median home value in Oakland, CA is $819,500. This is lower than the county median home value of $1,034,400. The national median home value is $338,100. The average price of homes sold in Oakland, CA is $819,500. Approximately 38.35% of Oakland homes are owned, compared to 54.51% rented, while 7.14% are vacant. Oakland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Oakland real estate agent to arrange a tour today!
Oakland, California 94611 has a population of 437,548. Oakland 94611 is less family-centric than the surrounding county with 28.66% of the households containing married families with children. The county average for households married with children is 36.75%.
The median household income in Oakland, California 94611 is $85,628. The median household income for the surrounding county is $112,017 compared to the national median of $69,021. The median age of people living in Oakland 94611 is 36.9 years.
The average high temperature in July is 71.7 degrees, with an average low temperature in January of 43.7 degrees. The average rainfall is approximately 23.6 inches per year, with 0 inches of snow per year.