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    329 Lester Avenue

    Oakland, CA 94606
    • $2,248,000
    • STATUS: Active Under Contract
    • ON SITE: 17 days
    • MLS #: 421592043
    Under Contract
    UPDATED: 50 min ago
    $2,248,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,528
      SQFT
    • $344
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    329 Lester Avenue is a multiunit income property located in Cleveland Heights, Oakland - a quiet and desirable neighborhood along the eastern side of Lake Merritt. Originally built in 1958, this fine investment property is comprised of a 2-story building with 12-units, a 3-car garage, a laundry room facility, and a storage/ maintenance room. An additional five uncovered parking spaces are located at the rear of the parcel and one at the front. A seismic retrofit was completed in August of 2021, and a new roof was installed in 2018. The property has been owned and well-maintained by the same family for the past 21 years. 329 Lester Avenue is located in a peaceful residential neighborhood with a high walking score of 89. It is in close proximity to Lakeside Park, Juan Bautista de Anza National Historic Trail, the Oakland Museum of California, colleges and universities, restaurants and coffee shops.

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    © 2021 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. 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. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Guide Real Estate. Data last updated 2021-09-27T21:20:31.513.
    www.sfrealestateprofessionals.com/homes/121270876
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    329 Lester Avenue Oakland, CA 94606

    • Price: $2,248,000
    • Status: Active Under Contract
    • Updated: 50 min ago
    • MLS #: 421592043
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,528
    SQFT
    $344
    $/SQFT
    1958
    Built
    Neighborhood:
    Oakland Zip 94606
    County:
    Alameda
    Area:
    Oakland Zip 94606
    Property Description
    329 Lester Avenue is a multiunit income property located in Cleveland Heights, Oakland - a quiet and desirable neighborhood along the eastern side of Lake Merritt. Originally built in 1958, this fine investment property is comprised of a 2-story building with 12-units, a 3-car garage, a laundry room facility, and a storage/ maintenance room. An additional five uncovered parking spaces are located at the rear of the parcel and one at the front. A seismic retrofit was completed in August of 2021, and a new roof was installed in 2018. The property has been owned and well-maintained by the same family for the past 21 years. 329 Lester Avenue is located in a peaceful residential neighborhood with a high walking score of 89. It is in close proximity to Lakeside Park, Juan Bautista de Anza National Historic Trail, the Oakland Museum of California, colleges and universities, restaurants and coffee shops.
    Exterior Features

    Architectural Style Mid-Century Construction Materials Stucco Foundation Details Concreteperimeter Independent Parking Spaces 0 Lot Features Shape Regular Parking Features Side-By-SideVaries By Unit Parking Total 9 Roof Bitumen Tandem Parking Spaces 0

    Interior Features

    Appliances Free Standing Electric RangeGas Water Heater Flooring CarpetLinoleumTile Heating GasWall Furnace Laundry Features Coin OperatedIn Common Area Rooms Total 49 Unit1 Approx Sq Ft 0 Unit1 Bedrooms 0 Unit1 Full Baths 0 Unit1 Partial Baths 0 Unit1of Rooms 0 Unit2 Approx Sq Ft 0 Unit2 Bedrooms 0 Unit2 Full Baths 0 Unit2 Partial Baths 0 Unit2of Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Bedrooms 0 Unit3 Full Baths 0 Unit3 Partial Baths 0 Unit3of Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4of Rooms 0

    Property Features

    Cap Rate 4.6 Lease Terms Month To Month Number Of Units Vacant 1 Property Sub Type 5 Or More Units Separate Meters ElectricityGasVaries By UnitWater Special Listing Conditions None Subtype Description Apartments Tenant Pays ElectricityGasWater Unit Type Commercial Units Total 0 Unit Type Studio Units Total 0 Unit Type1 Bedroom Units Total 11 Unit Type2 Bedroom Units Total 1 Unit Type3 Bedroom Units Total 0 Unit Type4 Bedroom Units Total 0 Unit1 Rent 0 Unit2 Rent 0 Unit2 Rent1 0 Unit4 Rent 0 Utilities City

    Listing provided courtesy of Angelo Cosentino of Compass Sf.


    © 2021 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. 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. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Guide Real Estate. Data last updated 2021-09-27T21:20:31.513.
     
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