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    1560 Jackson St Oakland, CA 94612

    For Sale
    $6,450,000

    33-unit multifamily property near Lake Merritt and Downtown Oakland.

    Property size:
    19,587 SF

    Property Features for 1560 Jackson St

    General Information

    Size
    19,587 SF

    Building Details

    Year built
    1959

    Source: Grant Chappell Agent Grant Chappell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Multifamily Near Lake Merritt

    This 33-unit multifamily property is located in the Westlake neighborhood, near Oakland's Central Business District and two blocks from Lake Merritt. The majority of units have been renovated to modern standards, featuring granite countertops, stainless steel appliances, and new fixtures. The property includes 25 off-street parking spaces, laundry facilities, remote entry, and separate gas and electric metering. Its location provides convenient access to walking trails and attractions around the lake, as well as dining, shopping, and entertainment options in Downtown Oakland. Two BART stations are also nearby, providing connections for commuters and young professionals. The property has a new facade, exterior paint, and windows and is soft story exempt. The property is ideally suited for multifamily investors seeking a prime location in the East Bay market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Spa & Massage Law Firm Dental Office Hair Salon Clothing Store Nail Salon Food Market Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.2634715
    Latitude
    37.8041082

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    FAQs

    What type of property is this?
    Apartment building - 33-unit multifamily property near Lake Merritt and Downtown Oakland.
    Where is this apartment building located?
    The property is located at 1560 Jackson St Oakland, CA.
    What is the asking price?
    The asking price for this property is $6,450,000.
    What are key features of this property?
    This property features: - Turnkey 33-unit multifamily property with substantial rental upside.; - Assumable Chase debt fixed at 3.5% until May, 2030.; - Ideally located two blocks from Lake Merritt and close to Downtown Oakland and two BART stations.
    (415) 246-4314
    Request Owner's contact information
    1560 Jackson St Oakland, CA 94612
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    Oakland, CA 94612
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1560 Jackson St Oakland, CA 94612
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