1560 Jackson St - Apartments FOR SALE


Oakland, CA 94612
$7,000,000 USD
510-336-4721
1560 Jackson St, Oakland, CA for Sale
$7,000,000 USD
Apartments - FOR SALE
1/14
null | 6.09% Cap Rate

1560 Jackson St
Oakland, CA 94612


HIGHLIGHTS

  • Ideally located two blocks from Lake Merritt
  • Close Proximity to Downtown Oakland and two BART stations
  • Majority of units updated with granite counter tops, stainless steel appliances and modern fixtures
  • Assumable Chase debt fixed at 3.5% until May, 2030
  • Soft Story Exempt
  • New facade, exterior paint and windows

OVERVIEW

NAI NorCal is excited to present 1560 Jackson St, a turnkey 33-unit multi-family asset with substantial rental upside. Renovated to modern standards, the majority of units feature granite countertops, stainless steel appliances, and new fixtures. With notable conveniences including 25 off-street parking spaces, laundry, remote entry and separate gas and electric metering, this property presents an attractive prospect for multifamily investors. The building's proximity to Lake Merritt, Downtown Oakland, and two BART stations enhances its desirability, making it an ideal asset for those seeking multifamily opportunities in the thriving East Bay area. Located in a historic, sought after neighborhood, The Westlake enjoys a coveted position near Oakland's Central Business District. Situated just two blocks from the picturesque Lake Merritt, residents can easily access walking trails and attractions around the lake. Downtown Oakland, with its array of dining, shopping, and entertainment options, is also within close reach. Additionally, convenient access to two BART stations provides seamless connections for commuters and young professionals. The area's dynamic atmosphere, coupled with its proximity to notable landmarks and amenities, makes The Westlake an enticing prospect for multifamily investors seeking a prime location in the East Bay market.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

33

PRICE/UNIT

$212,121

CAP RATE

6.09%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Westlake

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1958

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,745 SF

ZONING

R-90, Oakland

APN/PARCEL ID

008-0629-017-09

ASK ABOUT THIS PROPERTY

Grant ChappellNAI Northern CaliforniaMore Info
510-336-4721

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Grant ChappellNAI Northern CaliforniaMore Info
510-336-4721

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.