The Lakemont
Oakland, CA
1520 Jackson Street
Oakland, CA 94612
- 53 Units
- 4 Floors
- +/-31,836
- Year Built: 196
- Acquisition Date: Sept. 2018
- Acquisition Price: $11,300,000
Lakemont Apartments is a 53-unit apartment building located at 1520 Jackson Street in the Gold Coast neighborhood of Oakland. It offers young professionals a great urban experience within walking distance to popular restaurants and entertainment in Downtown Oakland, two BART stations, Lake Merritt, the Oakland Museum, and Chinatown. We purchased the property off market from the son of the original owner who allowed rental rates to fall far below current market rents and made hardly any improvements to the units. We are in the process of remodeling units with modern finishes, painting the exterior and making cosmetic improvements to the common areas.