Call for Offers - Thursday, March 6, 2025. Montecito Apartments at 149 Montecito Avenue is situated in the vibrant Adams Point neighborhood, a highly sought-after area in Oakland. Nestled near the shores of Lake Merritt, the property benefits from its proximity to downtown Oakland/Uptown, offering a diverse array of eateries and shopping options as well as access to cultural institutions, including the Oakland Museum of California, Fox Theater, Paramount Theatre and more. 149 Montecito Avenue features a unit mix of (9) Studio, (6) 1-Bedroom/1-Bathroom, and (6) 2-Bedroom/1-Bathroom. The property offers convenient amenities, including an on-site laundry facility, controlled entry, and a parking garage. This is an excellent opportunity for an owner/user or investor to acquire a well-located apartment building with a potential rental upside over 31%.