Phone818-528-3200
Login or sign up for new accountLogin / Register
Email MeEmail Me
  • Search Listings
    • Residential
    • Lease
  • Previous Sales
  •   Buyers
    • Renting vs. buying
    • How much can I afford?
    • Why work with a real estate agent
    • Finding your home
    • What do you want in a home?
    • Submitting an offer
    • After the offer is accepted
    • Moving
  •     Sellers
    • Why work with a real estate agent
    • Getting your home ready for sale
    • Pricing your home to sell
    • Negotiating the sale
    • Transaction management
    • Moving
  •     Services
    • Onepoint
    • Home Financing
    • Insurance
    • Escrow
    • Title
    • Home Warranty
    • PRESALE/STAGING
    • Relocation
  •     About
    • Leadership Team
    • About Us
    • Globally Respected
    • The Charitable Foundation
    • Diversity & Inclusion
    • Doyle
    • Agents Only
Menu
Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
Any Price
-
  • 0
  • $100,000+
  • $250,000+
  • $500,000+
  • $750,000+
  • $1,000,000+
0+ Beds
  • 0+
  • 1+
  • 2+
  • 3+
  • 4+
  • 5+
0+ Baths
  • 0+
  • 1+
  • 2+
  • 3+
  • 4+
  • 5+
Property Type
Other
  • Home
  • 296 Lester Ave

296 Lester Ave, Oakland, CA 94606

$1,895,000 Approx. USD 0 beds, 0 baths
Save My Notes
Share
  • Copy Link
  • Facebook
  • Twitter
  • Pinterest
Source MLS Verified
MORE INFO
BrochureBrochure

Photo of Daniel Adelson

Danny Adelson REALTOR® - Sales Associate 818-521-4663 m
818-528-3200 o
Lic#: 01407910
NRDS ID: 207017093
DannyAdelson@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 01407910
NRDS ID: 207017093
DannyAdelson@bhhscal.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
 Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Call Branch Office
Fax: 818-386-9007
Mortgage Calculator
GET PRE-APPROVED
Interested in This Property? Your message will be sent to Daniel.
By submitting your information, you consent to be contacted by email, SMS message, and/or phone call. You may opt out at any time per our Privacy Policy.
  • Save
  • My Notes

Listing Agent


Joseph Owens | joe.owens@marcusmillichap.com
Lic#: 01707768
Broker: Courtesy of Marcus & Millichap
Phone: 925-808-9098

Agent Remarks

Eight 2BR/1BA units near Lake Merritt offering a 6.23% current cap rate and 8.20% at market rents. Average scheduled rent of $2,186 trails the $2,600 market rent by 18.9%. Six of eight units are renovated, and one vacant unit is scheduled at market. Oakland rents rose 13.0% year over year as of July 2026 (Apartment List), second-fastest among the 100 largest U.S. cities, as San Francisco's AI-driven rent surge pushes renters east. Current NOI $118,092; NOI at market rents $155,330.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 41151543
Price: $1,895,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1959
0.14 acres
Lot size: 0.1377
Subdivision: LAKE MERRITT
County: Alameda
Construction: Wood Siding
Heating/cooling: None
Heating description: Forced Air

Last Updated: 10/25/2026

 Days On Market (DOM): 8

 Find more Oakland homes and real estate

 Find more homes in 94606 zip code

 Find more homes in the LAKE MERRITT subdivision

Lat/Long: 37.801938, -122.251436.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

94606 Area Map

Demographics

Schools

CLICK TO VIEW MAP

Similar Listings

Next Listing
1000 E 33Rd St VIRTUAL TOUR
1000 E 33rd St ,
$1,700,000 Approx. USD

List Date: 4/13/2026
 Status: Active
 MLS #: 41130733

My Notes Save
Listing courtesy of
1905 Foothill Blvd VIRTUAL TOUR
1905 Foothill Blvd ,
$1,625,000 Approx. USD

List Date: 8/4/2026
 Status: Active
 MLS #: 41143837

My Notes Save
Listing courtesy of
31 Croxton Ave VIRTUAL TOUR
31 Croxton Ave ,
$1,625,000 Approx. USD

List Date: 4/7/2026
 Status: Active
 MLS #: 41129995

My Notes Save
Listing courtesy of
1448 E 23Rd Ave VIRTUAL TOUR
1448 E 23rd Ave ,
$2,000,000 Approx. USD

List Date: 9/21/2026
 Status: Active
 MLS #: 41148969

My Notes Save
Listing courtesy of
2858 Brookdale Ave VIRTUAL TOUR
2858 Brookdale Ave ,
$2,000,000 Approx. USD

List Date: 7/20/2026
 Status: Active
 MLS #: 41142266

My Notes Save
Listing courtesy of
2300 Fruitvale Ave VIRTUAL TOUR
2300 Fruitvale Ave ,
$1,800,000 Approx. USD

List Date: 8/31/2026
 Status: Active
 MLS #: 41146742

My Notes Save
Listing courtesy of
3812 Whittle Ave VIRTUAL TOUR
3812 Whittle Ave ,
$1,999,000 Approx. USD

List Date: 10/5/2026
 Status: Active
 MLS #: 41150309

My Notes Save
Listing courtesy of
1526 Verdi St VIRTUAL TOUR
1526 Verdi St ,
$1,650,000 Approx. USD

List Date: 10/18/2026
 Status: Active
 MLS #: 41151626

My Notes Save
Listing courtesy of
1203 Benton St VIRTUAL TOUR
1203 Benton St ,
$2,075,000 Approx. USD

List Date: 4/15/2024
 Status: Active
 MLS #: 41056114

My Notes Save
Listing courtesy of
5416 Market Street VIRTUAL TOUR
5416 Market Street ,
$1,688,000 Approx. USD

List Date: 2/1/2022
 Status: Pending
 MLS #: ML81876473

My Notes Save
Listing courtesy of
Previous Listing
  • Search
    • My Previous Sales
    • Residential
    • Lease
    • Open Houses
    • Commercial
    • New Homes
    • Luxury
  • Buyers
    • Renting vs. buying
    • How much can I afford?
    • Why work with a real estate agent
    • Finding your home
    • What do you want in a home?
    • Submitting an offer
    • After the offer is accepted
    • Moving
  • Sellers
    • Why work with a real estate agent
    • Getting your home ready for sale
    • Pricing your home to sell
    • Negotiating the sale
    • Transaction management
    • Moving
  • Services
    • Prosperity Home Mortgage
    • HomeServices Relocation
    • HomeServices Insurance Agency
    • Pickford Escrow
    • California Title Company
    • American Home Shield
    • PINNACLE
    • myNHD
  • About
    • Leadership Team
    • About Us
    • Globally Respected
    • The Charitable Foundation
    • Diversity & Inclusion
    • Doyle
    • Agents Only

Photo of Daniel Adelson

Danny Adelson REALTOR® - Sales Associate 818-521-4663 m
818-528-3200 o
Lic#: 01407910
NRDS ID: 207017093
DannyAdelson@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 01407910
NRDS ID: 207017093
DannyAdelson@bhhscal.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
hsoa-logo

© 2026 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity.
Lic#: 01317331

Photo of Equal Housing Opportunity Privacy Policy - California Privacy Notice - Terms of Use - Accessibility
Do Not Sell My Personal Information DMCA.com Protection Status