Contacts
Property Details
- Property Type Other
- Lot Size 55,321 SF
- Additional Rent Contact for pricing
- Building Class B
- Date Updated Dec 20, 2024
Sale Note
Lake Merritt Portfolio, Oakland (73 Units) CALL FOR OFFERS TUESDAY, DECEMBER 3rd, 2024 | Tours by Appointment The Bay Area Multifamily Team of Colliers International is pleased to present the Lake Merritt Portfolio. Located in the heart of Oakland, the Lake Merritt Portfolio contains (4) multifamily properties located in various districts surrounding Lake Merritt. The Portfolio is being offered free and clear of debt at an incredibly attractive basis with strong in-place yields. • 33 Units | 71 10th St | Peralta Park District • 12 Units | 430 Vernon St | Adams Point District • 15 Units | 646 Foothill Blvd | East Lake District • 13 Units | 3465 Richmond Blvd | Uptown District Investment Highlights • Average price per unit: $137,301 • Average in-place Portfolio Cap Rate of 7.43% • Average Portfolio GRM of 6.65 • Upside stabilizing to a 9.19% Cap Rate • Average Portfolio Walk Score of 90 and Bike Score of 78 Port
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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83/100
Walk Score ®
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56/100
Transit Score ®
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65/100
Bike Score ®
Location
- City Oakland, CA
- Neighborhood Adams Point
- Zip Code 94610
- Market Bay Area
Points of Interest
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19th Street BART Street Elevator
1.09 miles
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MacArthur
1.14 miles
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Oakland City Center - 12th Street
1.35 miles
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Lake Merritt
1.48 miles
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Oakland-Jack London Square
1.86 miles
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West Oakland
2.43 miles
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Ashby
2.68 miles
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Emeryville
2.68 miles
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Fruitvale
3.29 miles
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Downtown Berkeley
3.80 miles
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Quick stop
0.26 miles
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Mobil
0.43 miles
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eVgo
0.46 miles
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ChargePoint
0.47 miles
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True Zero
0.52 miles
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Chevron
0.52 miles
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Propel
0.52 miles
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Shell
0.53 miles
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76
0.62 miles
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Valero
0.70 miles
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Kaiser Permanente Medical Center - Parking Garage
0.54 miles
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Broadway Webster Medical Plaza
0.55 miles
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180 Grand Public Parking
0.64 miles
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Trader Joe's Parking Garage
0.68 miles
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Merritt Pavilion Employee Parking Garage
0.69 miles
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Peralta Hospital Parking Garage
0.69 miles
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Summit Garage
0.69 miles
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Public Parking Garage
0.71 miles
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Costco
9.19 miles
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Westwind Lodge
0.67 miles
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Value Inn
0.72 miles
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Kissel Uptown Oakland - In the Unbound Collection
0.72 miles
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Motor Inn
0.82 miles
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Travel Inn
0.84 miles
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Broadway Motel
0.88 miles
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Inn at Temescal
0.91 miles
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Imperial Inn
0.92 miles
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Moxy Oakland Downtown
0.95 miles
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Twin Peaks Hotel
1.19 miles
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Safeway
0.42 miles
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Grocery Outlet
0.44 miles
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Whole Foods Market
0.47 miles
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Sprouts Farmers Market
0.54 miles
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Monte Vista Food Center
0.62 miles
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Piedmont Grocery
0.63 miles
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Lakeshore Natural Foods
0.64 miles
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Trader Joe's
0.66 miles
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Koreana Plaza
0.82 miles
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Lucky
1.18 miles
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