Description

Marcus & Millichap is pleased to present 918-920 Oak St, a stunning 12-unit apartment community, located one block from Laney College, and a few steps from Lake Merritt. The asset features 8,019 square feet, offering its tenants twelve beautifully designed one-bedroom floor plans each with their own den. Oak Street Apartments offers convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach other major hubs 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. With a world-class location in the heart of East Bay, 918-920 Oak St presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options. 918-920 Oak Street features exceptional bank financing at 70% loan-to-value, with current return metrics at nearly a 7.00% CAP and 9.27 GRM.