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$6,995,000
Est. payment /mo
8,712 Sqft Lot
Open House
Wed Oct 21, 2:00pm - 4:00pm
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82064394
HOA Y/N No
Year Built 1964
Annual Tax Amount $93,260
Lot Size 8,712 Sqft
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 699 - Not Defined
Zoning R-80
Interior
Fireplace No
Exterior
Carport Spaces 23
Utilities Available Other
Roof Type Other
Building
Water Other
Schools
School District Other
Others
Tax ID 0100773008
Special Listing Condition Standard
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Listed by Alina Siert KW Advisors #01893238
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