2 months on rocket

301 Lenox Ave, Oakland, CA, 94610

$6,035,000

32 Bedrooms
3 Full Baths
21,231 SqFt
$284/SqFt
Multi

Location

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Property Highlights

Home TypeMulti Family
ParkingAttached, Covered, Garage, Garage Door Opener, Inside Entrance
Attached Garage27 spaces
Year Built1962
HeatingNatural Gas, Wall Furnace
ViewCity, City Lights, Downtown, Lake, Panoramic
MLS #424061241
Lot Size0.27 Acres
StatusActive

About 301 Lenox Ave

301 Lenox Ave is a trophy 32-unit, value-add apartment community centrally located in Oaklands coveted Adams Point neighborhood. The property is being offered at an attractive basis of $188,594/unit & $284/SF with an in-place Cap Rate of 6.11%.Built in 1962, this 21,231 SF structure is situated on a 11,950 SF soft corner lot at the intersection of Lenox Ave & Van Buren Ave. The building is comprised of 32 sizable 1-bed, 1-bath units including 2 penthouse level units each of which feature their own private rooftop deck. Community amenities & features include: a secured gated entry, a passenger elevator, a large interior courtyard, a secured parking garage with 26 parking spaces & storages units, a separate single-car garage, 2 on-site, coin-operated laundry facilities & a community rooftop deck with pristine views of Lake Merritt & the Downtown Oakland skyline. The property has undergone significant capital improvements including: a new roof (2020), new dual pane windows throughout (2020), sewer lateral replacement/compliance (2019), a roof mounted solar photovoltaic system (2015). The property is also exempt from the City of Oaklands mandatory soft story retrofit ordinance. The property is surrounded by Oaklands most popular retail districts and is steps from Whole Foods.

Property Details

Property Features

Property Information:

  • Year Built: 1962
  • Stories: 4
  • Living Area: 21,231 SqFt

Listing Office:

  • Office Name: CBRE
  • Office Phone: (510) 874-1900
  • Listing Agent: Keith Manson, Zachary W Greenwood

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Cooktop, Electric Range, Freezer, Refrigerator
  • Flooring Type: Carpet, Linoleum, Simulated Wood, Vinyl
  • Interior: Formal Entry

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 32

Exterior Features

Exterior Information:

  • View: City, City Lights, Downtown, Lake, Panoramic

Parking Information:

  • Garage Space: 27 spaces
  • Attached Garage: Yes
  • Parking: Attached, Covered, Garage, Garage Door Opener, Inside Entrance

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Wall Furnace

Price Information

Listing Price Info

Price Summary:

  • List Price: $6,035,000
  • Price Per SqFt: $284/SqFt

Tax Information:

  • Annual Amount: $100,611
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Oakland, CA.

Med. Sold Price

$860.7K

Med. Price/SqFt

$591

Avg. Days On Market

33

# of Sold Homes

268

301 Lenox Ave vs Oakland

83 DAYS ON ROCKET

+50 Days

$6,035,000

+$5.1M More

$284/SqFt

-$307 Less

KEY TAKEAWAY

This property is $5.1M more than the Median Sold Price and $307/SqFt less than other homes in Oakland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: San Francisco Association of REALTORS®
  • MLS Number: #424061241

Listing Office:

  • Office Name: CBRE
  • Office Phone: (510) 874-1900
  • Listing Agent: Keith Manson, Zachary W Greenwood

IDXListings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
© 2024 San Francisco Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 9:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 01, 2018Home Sold
$2,118,000
Nov 15, 2002Home Sold
$3,335,000

Tax History

YEARPROP. TAXASSESSMENT
2021$100,611$6,290,128
2020$100,610$6,225,658
2019$75,010$6,103,609
2018$71,128$4,663,654
2017$71,128$4,572,228

History based on county public records data.

Payment Calculator

$30.1K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$18.1K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-433836
6
/10
  • Cleveland Elementary School

  • 745 Cleveland St

  • 0.91 miles

  • Public District Grades KG-5

school-card-donut-433837
7
/10
  • Lincoln Elementary School

  • 225 11th St

  • 0.94 miles

  • Public District Grades KG-5

school-card-donut-433838
8
/10
  • Beach Elementary School

  • 100 Lake Ave

  • 1.07 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,642. Most Oakland, CA residents have annual incomes between $35k-100k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket HomesCaliforniaAlameda CountyOakland94610301 Lenox Ave

This home is located at 301 Lenox Ave in Oakland, CA and zip code 94610 in the Adams Point neighborhood. This 21,231 square foot home, which was built in 1962, sits on a 0.27 acre lot. Features: 32 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $6,035,000.

While more than 165 listings in Oakland, CA in October 2024 were sold above asking price, there were more than 30 listings sold at asking price, and more than 45 were sold below. The number of homes for sale in Oakland, CA increased by 9.9% between September 2024 and October 2024. Listings spent 33 days on the market in October 2024, and had a median list price of $860,714 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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