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    251 Park View Ter Oakland, CA 94610

    For Sale
    $3,600,000

    18-unit Art Deco building near Lake Merritt and 19th Street BART.

    Property size:
    16,014 SF

    Property Features for 251 Park View Ter

    General Information

    Size
    16,014 SF

    Building Details

    Year built
    1942

    Source: Grant Chappell Agent Grant Chappell

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

    Overview

    Oakland Art Deco Apartment Building

    Located steps from Lake Merritt, 251 Park View Terrace is a three-story apartment building featuring classic Art Deco architecture. Constructed in the early 1940s, the property contains 18 spacious units, a modern elevator, secured entry, and an inviting lobby. The units feature original hardwood floors, abundant closet space, and large windows that provide natural light, with many offering views of downtown Oakland and Lake Merritt. The property also includes 1:1 garage parking, a laundry area, and a large owner’s storage room. Situated on a tree-lined street in Adams Point, residents have convenient access to Lake Merritt, 19th Street BART, and Whole Foods Market. The location provides a peaceful setting with proximity to shopping on Lakeshore Blvd, dining options along Grand Ave, a weekly Farmers Market, and entertainment at the Grand Lake Theater. The building offers an opportunity to lease units at current market rents to reposition the asset. The property is located within walking distance of Lake Merritt and 19th Street BART.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.259133
    Latitude
    37.811269

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    FAQs

    What type of property is this?
    Apartment building - 18-unit Art Deco building near Lake Merritt and 19th Street BART.
    Where is this apartment building located?
    The property is located at 251 Park View Ter Oakland, CA.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - Prime Location: Steps from Lake Merritt, close to 19th Street BART, and Whole Foods Market.; - Value-Add Opportunity: Potential to increase returns by leasing units at current market rents.; - Classic Art Deco Architecture: Unique and appealing early 1940s building design.
    (415) 246-4314
    Request Owner's contact information
    251 Park View Ter Oakland, CA 94610
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    Oakland, CA 94610
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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
    251 Park View Ter Oakland, CA 94610
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