16 Unit Apartament Building, 1244 2nd Ave

Discover 1244 2nd Avenue, a unique 16-unit mixed-use property near the coveted Lake Merritt. This charming building combines old-world elegance with modern functionality, offering 12 residential units, three live/work spaces, and a vibrant corner retail space. Newly renovated in 2018, each unit boasts fully built-out layouts with modern finishes. 1244 2nd Avenue is exempt from the Oakland Rent Adjustment Program, which provides no limitations on rent increases. 

Residents will enjoy a vibrant neighborhood with several amenities, including Lucky's Supermarket, Rise & Grind Coffee, Walgreens, Dollar Tree, Rockin' Crawfish, the Farmers Market, and the Oakland Museum. The convenience of the Tempo AC transit line across the street provides easy access to BART and Downtown Oakland. 

In the desirable East Lake neighborhood, residents will find a perfect blend of affordable housing, historic structures, lakefront property, and modern, upscale apartment buildings. Located along Lake Merritt's shoreline, just a few miles off the San Francisco Bay, East Lake is an ideal blend of city living and natural areas. Ideal for investors seeking a promising opportunity, 1244 2nd Avenue presents a compelling blend of location, versatility, and potential. Connect with The Kilpatrick Team today for more details.

HIGHLIGHTS:

• 1244 2nd Avenue is a unique, 11,928-square-foot Lake Merritt multifamily/mixed-use opportunity with Oakland Rent Adjustment Program Exemption. 
• Ground floor features three newly renovated live/work units with attractive rental potential and a bustling corner retail position. 
• Remaining second and third floors comprise 12 updated residential units with modern comforts and a mix of studios, one-bedrooms, and two-bedrooms. 

• Ideal location just two blocks from the beauty of Lake Merritt, a short walk to Lake Merritt BART Station, and nearby shopping and dining amenities.
• Near the jewel of Oakland, Lake Merritt, in East Lake, 1244 2nd Avenue is close to the urban lined salt-water lake that is a gathering place for all.