1525 Lakeside DR, OAKLAND CA, 94612

Pending

Pending (Do Not Show)

1525 Lakeside DR

OAKLAND CA, 94612

$4,488,000

$251.12 per sqft

Pending

Pending (Do Not Show)

17,872 sqft

Multi-family

Built in 1910

Listed by Marcus & Millichap, Eymon Binesh, Adam S. Levin Listing Contact: 6505461030

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.

ML81980185

MLSⓇ ID

September 12, 2024

Listed

December 20, 2024

Updated

Map

1525 Lakeside DR
OAKLAND CA, 94612

Interior Features

Interior Features: Laminate, Tile
Appliances: Washer
Floor Description: Laminate, Tile
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.29 Acres

School Information

School District: Oakland Unified

Other Property Details

Area Name: Oakland Zip Code 94612
Garage: Yes
Garage Spaces: 16
Parking Total: 16
View: No
County: Alameda
Water Source: Public
Pool: No
Zoning: CBD-R

Listing History

Date	Event	Price
11/24/2024	Pending	—
11/19/2024	Under contract	—
10/7/2024	Price change	$4,488,000 -15%

Listed by Marcus & Millichap, Eymon Binesh, Adam S. Levin
Listing Contact: 6505461030

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor David Wealth Builder Team | CA DRE# 01773425 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than David Wealth Builder Team | CA DRE# 01773425 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

Data last updated 8:10 PM UTC, 12/20/2024