301 Lenox Avenue
$6,035,000
3
3
21,231
21,231
$284
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.
- Listed by Keith Manson • DRE #01490046 • Brokerage DRE #00409987 • CBRE
- 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 DescriptionCity, City Lights, Downtown, Lake, Panoramic, Varies by Unit
Cross StreetVan Buren Avenue
Total Parking Spaces27
LISTING UPDATED: 09/23/2024 09:47 AM
Property Details for 301 Lenox Avenue
Status | Active |
---|---|
MLS # | 424061241 |
Days on Compass | 48 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1962 |
Lot Size | 0.27 AC / 11,948 SF |
County | Alameda County |
Building Information for 301 Lenox Avenue
Stories4Residences32Year Built1962Building Size-Lot Size0.27 AC / 11,948 SF
Property Information for 301 Lenox Avenue
Property History for 301 Lenox Avenue
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 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.
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