Investment Overview

185 15th St is a stunning value-add 14-unit apartment community walking distance from Downtown Oakland(0.3mi) located in the thriving city of Oakland, California. Situated on a 5,259 square foot parcel of land, the subject property was originally constructed in 1954 and has a gross building area of approximately 8,259 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom and studio floor plans. Lakeside is an exceptional neighborhood in Oakland, California known for its vibrant community and picturesque setting around Lake Merritt(0.2). With a mix of historic homes and modern apartments, it offers a unique architectural blend. Residents in Lakeside enjoy convenient access to Downtown Oakland featuring trendy shops, restaurants, and entertainment venues. Lakeside's strong sense of community, convenient location, and beautiful surroundings make it a desirable place to live. The city of Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others. Oakland offers convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area. Oakland also serves as the trade center for the entire Bay Area with the Port of Oakland being the busiest port in all of Northern California. The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of East Bay, 185 15th St presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.