329 Lester Avenue

Oakland, CA 94606

$2,147,700
Last Sold Price
Beds
6,528 Sq. Ft.
$329 / Sq. Ft.
6,528
Sq. Ft.
$329
per Sq. Ft.

Description

329 Lester Avenue is a multiunit income property located in Cleveland Heights, Oakland - a quiet and desirable neighborhood along the eastern side of Lake Merritt. Originally built in 1958, this fine investment property is comprised of a 2-story building with 12-units, a 3-car garage, a laundry room facility, and a storage/ maintenance room. An additional five uncovered parking spaces are located at the rear of the parcel and one at the front. A seismic retrofit was completed in August of 2021, and...329 Lester Avenue is a multiunit income property located in Cleveland Heights, Oakland - a quiet and desirable neighborhood along the eastern side of Lake Merritt. Originally built in 1958, this fine investment property is comprised of a 2-story building with 12-units, a 3-car garage, a laundry room facility, and a storage/ maintenance room. An additional five uncovered parking spaces are located at the rear of the parcel and one at the front. A seismic retrofit was completed in August of 2021, and a new roof was installed in 2018. The property has been owned and well-maintained by the same family for the past 21 years. 329 Lester Avenue is located in a peaceful residential neighborhood with a high walking score of 89. It is in close proximity to Lakeside Park, Juan Bautista de Anza National Historic Trail, the Oakland Museum of California, colleges and universities, restaurants and coffee shops.

Listing Agent

  1. Angelo Cosentino

    Angelo Cosentino

    Listing Agent

    Compass

    DRE #01224460

Property Details for 329 Lester Avenue

Parking Features
Side-by-Side, Varies by Unit
Architectural Style
Mid-Century
View Description
City Lights
Cross Street
Newton
Total Parking Spaces
9

Location

Add your commute
LISTING UPDATED: 12/22/2021 05:56 PM

Property Details for 329 Lester Avenue

StatusClosed
MLS #421592043
Days on Compass23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCOMM RI MULTI-UNITS 5+ / 5 or More Units
Year Built1958
Lot Size0.18 AC / 7,801 SF
CountyAlameda County

Location

Add your commute

Building Information for 329 Lester Avenue

Stories2Residences12Year Built1958Building Size-Lot Size0.18 AC / 7,801 SF

Payment Calculator

$15,021 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,721

Property Taxes

$3,300

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 329 Lester Avenue

Summary
Location and General Information
  • Area/District: Oakland Zip 94606
  • Area Short Display: 2606
  • Location Description: Oakland Zip 94606, Oakland Zip 94606
Taxes and HOA Information
  • APN: 021-0227-028
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
Parking
  • Covered Spaces: 3
  • Independent Parking Spaces: 0
  • Carport Spaces: 6
  • Garage Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 9.0
  • Parking: Side-by-Side, Varies by Unit
Virtual Tour
Property
Lot Information
  • Square Footage Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Features: Shape Regular
Property and Assessments
  • Possession: Subject To Tenant Right
  • Picture Count: 33
  • Photos Provided By: Agent
  • Elevation: 0
  • Disclosures/Documents: Disclosure Package Available
  • Units Furnished: None
Green Features
  • Green Verification Year: 0
Utilities
  • Separate Meters: Electricity, Gas, Varies by Unit, Water
  • Sewer: Public Sewer
  • Utilities: City
  • Water Source: Water District
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 0
  • # of Guest Space(s): 0
  • # Of Buildings: 1
  • Construction Materials: Stucco
  • Foundation: Concrete Perimeter
  • Stories: 2
  • Roof: Bitumen
Interior Features
  • Heating: Gas, Wall Furnace
  • Appliances: Free Standing Electric Range, Gas Water Heater
  • Laundry Features: Coin Operated, In Common Area
  • Flooring: Carpet, Linoleum, Tile
  • Full Bathrooms: 0
  • # of Rooms: 49
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 11
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 10
2 Bedroom Unit
  • # of 2 Bedroom Units: 1
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 1
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 12.36
  • Gross Income Multiplier: 13.0
  • Utilities Expense: 0.0
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • # Of Units Total: 12
  • # Of Units Vacant: 1
  • # Of Units Leased: 0
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 Rent: $.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 # of Rooms: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Partial Baths: 0
  • Unit 2 Occupancy: Tenant
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Rental
Rent Information
  • Lease Term: Month To Month
  • # Of Units Month to Month: 11
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Electricity, Gas, Water

Property History for 329 Lester Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 329 Lester Avenue

Taxable ValueLand$979,200Additions$1,208,496Total$2,187,696
Tax Record2023$39,597 ($3,300 / month)
Home Facts
Total Finished SqFt6,528 SqFtAbove Grade Finished SqFt6,528 SqFtStories2Lot Size7,800 SqFtStyleMulti-Family Res (5+ Units)Year Built1958CountyALAMEDAAPN21-227-28

Schools near 329 Lester Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Cleveland Elementary School
PublicK to 5

Edna Brewer Middle School
Public6 to 8

Oakland High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Angelo Cosentino, DRE #01224460

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.