296 Lester Ave, Oakland, CA 94606
296 Lester Ave, Oakland, CA 94606
296 Lester Ave, Oakland, CA 94606
296 Lester Ave, Oakland, CA 94606
296 Lester Ave, Oakland, CA 94606
296 Lester Ave, Oakland, CA 94606
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Jeffrey Walker

Jeffrey Walker

+1(949) 903-3731
$ 1,895,000
Est. payment | /mo

5,998 Sqft Lot

Save
$ 1,895,000
Est. payment | /mo
Save

5,998 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Lake Merritt

MLS Listing ID 41151543

HOA Y/N No

Year Built 1959

Annual Tax Amount $31,711

Lot Size 5,998 Sqft

Property Description

Eight 2BR/1BA units near Lake Merritt offering a 6.23% current cap rate and 8.20% at market rents. Average scheduled rent of $2,186 trails the $2,600 market rent by 18.9%. Six of eight units are renovated, and one vacant unit is scheduled at market. Oakland rents rose 13.0% year over year as of July 2026 (Apartment List), second-fastest among the 100 largest U.S. cities, as San Francisco's AI-driven rent surge pushes renters east. Current NOI $118,092; NOI at market rents $155,330.

Location

State CA

County Alameda

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

View Y/N Yes

View Lake

Total Parking Spaces 6

Others

Tax ID 21227333

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Joseph Owens Marcus & Millichap #01707768

Nearby Locations

Jeffrey Walker

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 903-3731

jeffrey@walkerpropertygroupca.com

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296 Lester Ave

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