1525 Lakeside Drive
$4,488,000
—
17,872
17,872
$251
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...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.
- Listed by Eymon Binesh • DRE #02060059 • Brokerage DRE #01240999 • Marcus & Millichap • 650-546-1030
- Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 1525 Lakeside Drive
MLS City Name
OAKLAND
Building TypeOther
Garage Spaces16
Parking Spaces16
LISTING UPDATED: 10/07/2024 02:19 PM
Property Details for 1525 Lakeside Drive
Status | Active |
---|---|
MLS # | ML81980185 |
Days on Compass | 66 |
Taxes | $78,538 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family 5+ |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1910 |
Lot Size | 0.29 AC / 12,800 SF |
County | Alameda County |
Building Information for 1525 Lakeside Drive
Stories-Residences-Year Built1910Building Size-Lot Size0.29 AC / 12,800 SF
Property Information for 1525 Lakeside Drive
Property History for 1525 Lakeside Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1525 Lakeside Drive
Taxable ValueLand$666,512Additions$1,341,056Total$2,007,568
Tax Record2024$42,909 ($3,576 / month)
Home Facts
Total Finished SqFt17,872 SqFtAbove Grade Finished SqFt17,872 SqFtStories4Lot Size12,800 SqFtStyleMulti-Family Res (5+ Units)Year Built1910Year Renovated1913CountyALAMEDAAPN8-630-9
Schools near 1525 Lakeside Drive
This home is within Oakland Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Lincoln Elementary School PublicK to 5 | ||
Westlake Middle School Public6 to 8 | ||
Oakland Technical High School Public9 to 12 | ||
American Indian Public Charter School Ii CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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