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Listed by Alina Siert • KW Advisors, DRE#01893238
$6,995,000
Est. payment /mo
18,720 SqFt
Open House
Wed Oct 21, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 18,720 sqft
Price per Sqft $373
MLS Listing ID ML82064394
Year Built 1964
Lot Size 8,712 Sqft
Property Sub-Type Five or More Units
Property Description
25 apartments at 303 Lee Street (Lake Side Apartments), an elevator building built in 1964 with about 18,720 SF: 18 one-bedrooms and 7 two-bedrooms, including a two-bedroom, two-bath penthouse. Poured-in-place concrete garage, coin-operated laundry on site, and about 80% of units renovated. Sewer lateral certified by EBMUD through 2029. Market rents run about 11% above in-place rents. In Adams Point on a tree-lined street about 0.3 mi from the Lake Merritt shoreline and Children's Fairyland, 0.2 mi from Whole Foods, near Grand Avenue and the Grand Lake Theatre, with 19th Street BART about 0.7 mi away and quick I-580 access. 5.64% current cap; 5.68% pro forma cap. Existing financing in place. Motivated ownership: all offers reviewed; Q4 2026 close preferred.
Location
State CA
County Alameda
Area Oakland Zip Code 94610
Zoning R-80
Interior
Heating Other
Cooling Other
Exterior
Parking Features Assigned Spaces
Utilities Available Other
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions Other
Tax ID 010-0773-008
Security Features Other
Special Listing Condition Not Applicable
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