305 Lenox Ave | Oakland, CA 94610
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- LoopNet Team
305 Lenox Ave
Oakland, CA 94610
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Prime Adams Point location just blocks from Lake Merritt, Grand Avenue, and Lakeshore Avenue retail corridors
- Well-maintained 10-unit building totaling approximately 6,982 RSF
- Historically low vacancy and consistent tenant demand in a supply-constrained market
- Strong in-place cash flow with a 6.12% cap rate and 9.15 gross rent multiplier based on current income
- Desirable unit mix: (1) Studio, (8) 1BR/1BA, and (1) 2BR/1BA units
- Below-market rents provide clear rental upside through turnover or modest unit upgrades
Property Facts
| No. Units | 10 | Building Size | 6,982 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 0.86/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | RU-2 - Urban residential units. | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,982 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | RU-2 - Urban residential units. |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 450 |
| 2+1 | 1 | - | 750 - 800 |
| 1+1 | 8 | - | 650 |
Property Taxes
| Parcel Number | 010-0771-008-00 | Improvements Assessment | $1,052,519 |
| Land Assessment | $408,196 | Total Assessment | $1,460,715 |
Property Taxes
Parcel Number
010-0771-008-00
Land Assessment
$408,196
Improvements Assessment
$1,052,519
Total Assessment
$1,460,715
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