301 Lenox Avenue

Oakland, CA 94610

$6,035,000
Price
3
Beds
3
Baths
21,231 Sq. Ft.
$284 / Sq. Ft.
21,231
Sq. Ft.
$284
per Sq. Ft.

Description

301 Lenox Ave is a trophy 32-unit, value-add apartment community centrally located in Oakland's coveted Adams Point neighborhood. The property is being offered at an attractive basis of $188,594/unit & $284/SF with an in-place Cap Rate of 6.11%. Built in 1962, this 21,231 SF structure is situated on a 11,950 SF soft corner lot at the intersection of Lenox Ave & Van Buren Ave. The building is comprised of 32 sizable 1-bed, 1-bath units including 2 penthouse level units each of which feature their...301 Lenox Ave is a trophy 32-unit, value-add apartment community centrally located in Oakland's coveted Adams Point neighborhood. The property is being offered at an attractive basis of $188,594/unit & $284/SF with an in-place Cap Rate of 6.11%. Built in 1962, this 21,231 SF structure is situated on a 11,950 SF soft corner lot at the intersection of Lenox Ave & Van Buren Ave. The building is comprised of 32 sizable 1-bed, 1-bath units including 2 penthouse level units each of which feature their own private rooftop deck. Community amenities & features include: a secured gated entry, a passenger elevator, a large interior courtyard, a secured parking garage with 26 parking spaces & storages units, a separate single-car garage, 2 on-site, coin-operated laundry facilities & a community rooftop deck with pristine views of Lake Merritt & the Downtown Oakland skyline. The property has undergone significant capital improvements including: a new roof (2020), new dual pane windows throughout (2020), sewer lateral replacement/compliance (2019), a roof mounted solar photovoltaic system (2015). The property is also exempt from the City of Oakland's mandatory soft story retrofit ordinance. The property is surrounded by Oakland's most popular retail districts and is steps from Whole Foods.
  1. Listed by Keith Manson • DRE #01490046 • Brokerage DRE #00409987 • CBRE
  2. Listed by Zachary W Greenwood • DRE #01960296 • Brokerage DRE #00409987 • CBRE

Property Details for 301 Lenox Avenue

Parking Features
Attached, Covered, Garage, Automatic Door, Interior Access
View Description
City, City Lights, Downtown, Lake, Panoramic, Varies by Unit
Cross Street
Van Buren Avenue
Total Parking Spaces
27
LISTING UPDATED: 09/23/2024 09:47 AM

Property Details for 301 Lenox Avenue

StatusActive
MLS #424061241
Days on Compass48
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1962
Lot Size0.27 AC / 11,948 SF
CountyAlameda County

Building Information for 301 Lenox Avenue

Stories4Residences32Year Built1962Building Size-Lot Size0.27 AC / 11,948 SF

Property Information for 301 Lenox Avenue

Summary
Location and General Information
  • Area/District: Oakland Zip 94610
  • Area Short Display: 2610
  • Location Description: Oakland Zip 94610
Taxes and HOA Information
  • APN: 010-0771-006-01
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 27
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 27.0
  • Parking: Attached, Covered, Garage, Automatic Door, Interior Access
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Assessor Auto-Fill
  • Year Built Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Features: Other
Property and Assessments
  • Property Condition: Varies by Unit
  • Possession: Close of Escrow
  • Picture Count: 30
  • Photos Provided By: 3rd Party Photographer
  • Elevation: 0
  • Disclosures/Documents: Disclosure Package Available, Rent Control
  • Units Furnished: None
Green Features
  • Green Verification Year: 0
Utilities
  • Separate Meters: Electricity, Gas
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 4
  • # of Guest Space(s): 0
  • # Of Buildings: 1
  • Stories: 4
  • Levels: Four
  • Patio And Porch Features: Balcony/Deck, Varies by Unit
  • Window Features: Dual Pane Full, See Remarks
  • Roof: Bitumen, Flat, See Remarks
Interior Features
  • Interior Features: Formal Entry, Elevator
  • Heating: Gas, Wall Furnace
  • Appliances: Built-In Electric Oven, Dishwasher, Electric Cook Top, Free Standing Electric Range, Free Standing Freezer, Free Standing Refrigerator, Varies By Unit
  • Laundry Features: Coin Operated, In Common Area
  • Flooring: Carpet, Linoleum, Simulated Wood, Varies by Unit, Vinyl
  • Full Bathrooms: 0
  • # of Rooms: 96
Room Information
1 Bedroom Unit
  • 1 Bedroom Rent Range: 996-2272
  • # of 1 Bedroom Units: 32
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 29
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 9.16
  • Gross Income Multiplier: 0.0
  • Utilities Expense: 44732.0
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • # of Units: 32
  • # Of Units Total: 32
  • # Of Units Vacant: 3
  • # Of Units Leased: 29
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 Occupancy: Tenant
  • Unit 1 Rent: $1,654.00
  • Unit 1 Approx SqFt: 650.0
  • Unit 1 SqFt Source: Not Measured
  • Unit 1 # of Rooms: 3
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 1
  • Unit 2 Full Baths: 1
  • Unit 2 Partial Baths: 0
  • Unit 2 Occupancy: Vacant
  • Unit 2 Rent: $2,250.00
  • Unit 2 Approx SqFt: 650.0
  • Unit 2 SqFt Source: Not Measured
  • Unit 2 # of Rooms: 3
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 1
  • Unit 3 Description: Penthouse level units
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 Occupancy: Tenant
  • Unit 3 Rent: $1,568.00
  • Unit 3 Approx SqFt: 825.0
  • Unit 3 SqFt Source: Not Measured
  • Unit 3 # of Rooms: 3
  • Unit 3 Type: Penthouse
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Rental
Rent Information
  • Lease Term: Varies By Unit
  • # Of Units Month to Month: 0
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Electricity, Gas, Parking Fee

Property History for 301 Lenox Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 301 Lenox Avenue

Taxable ValueLand$2,220,510Additions$4,468,799Total$6,689,309
Tax Record2023$113,828 ($9,486 / month)
Home Facts
Total Finished SqFt21,231 SqFtAbove Grade Finished SqFt21,231 SqFtStories3Lot Size11,950 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyALAMEDAAPN10-771-6-1

Schools near 301 Lenox Avenue

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
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Street Academy (Alternative)
Public9 to 12

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.

Similar Homes

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301 Lenox Avenue is a multi-family home for sale in Oakland, CA 94610. This property was listed for sale on August 30, 2024 by CBRE, it's currently listed at $6,035,000. It has been on the market for a total of 48 days and was last sold on October 26, 2018. This listing's school district is Oakland Unified School District. Nearby schools include Lincoln Elementary School, Westlake Middle School and Oakland Technical High School. 301 Lenox Avenue is a 3-bed, 3-bath, 21,231 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zachary W Greenwood, DRE #01960296

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.