Active

301 Lenox Avenue

Oakland CA, 94610

$6,035,000


$284.25 per sqft

Active

32 Beds

3 Baths

21,231 sqft

Multi-family

Built in 1962

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.

424061241

MLS ID

August 30, 2024

Listed

October 1, 2024

Updated

Map

301 Lenox Avenue
Oakland CA, 94610

Interior Features

Total Stories

4


Bedrooms

32


Total Bathrooms

3


Full Bathrooms

3


Interior Features

Formal Entry


Appliances

Dishwasher, Electric Cooktop, Free-Standing Electric Range, Free-Standing Freezer, Free-Standing Refrigerator, Varies By Unit


Laundry Description

Coin Operated, Common Area


Floor Description

Carpet, Linoleum, Simulated Wood, Vinyl


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Gas, Wall Furnace

Exterior/Building Features

Lot Size

0.27 Acres


Lot Features

Other


Roof

Asphalt, Flat, See Remarks


Sewer

Public Sewer

Other Property Details

Area Name

Oakland Zip 94610


Days on Market

24


Garage

Yes


Garage Spaces

27


Parking

Attached, Covered, Garage, Garage Door Opener, Inside Entrance


Parking Total

27


View

Yes


View Description

City, City Lights, Downtown, Lake, Panoramic


County

Alameda


Water Source

Public


Pool

No

Listed by Keith Manson with CBRE

Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 10/1/2024.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Susanne Alexander shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 San Francisco Association of REALTORS. All rights reserved. 

Data last updated 9:03 PM UTC, 10/1/2024

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