$6,250,000
Eastlake Apartments is a 35-unit market rate apartment complex located in Oakland totaling 23,750 square feet. The property is comprised of 3 buildings on 1 lot with 29 one bedroom/ one bathroom, 5 two bedroom/one bath, and 1 studio unit and 31 on-site parking spaces. Amenities include on-site laundry, secured access entry, mostly dual pane windows, individually metered gas and electricity, and some unit views of downtown Oakland. This property comprises of 35 units presenting a unique strategic opportunity for an investor to rapidly establish a substantial presence in Oakland. 2505-2525 10th Ave presents a compelling opportunity for workforce housing investment, the asset offers investors a reliable and consistent revenue stream, driven by the growing demand for affordable housing in the fast Oakland market. The property benefits from exceptional connectivity to the Bay Area, with convenience access to Lake Merritt, Interstate 580 and 880 and proximity to Oakland International Airport, allowing residents several transportation options and ease of access to key regions throughout the Bay.
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Listed by Steven Peterson with Infinity Investments (510) 380-8101
Property Type
Residential Income
Status
Active
MLS Number
41126728
Year Built
1957
Lot Size
0.54 acres