Sold
1525 Lakeside DR
OAKLAND CA, 94612
$3,915,000
$219.06 per sqft
Sold
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 24, 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 |
|---|---|---|
12/24/2024 | Sold | $3,915,000 |
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 Brittany Ng | CA DRE# 02066282 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 8:09 AM UTC, 12/24/2024