Description

We are pleased to present 251 Park View Terrace, a rare, early 40's construction property located just steps from Lake Merritt featuring 18 spacious units. The property boasts Deco architecture, original hardwood floors, 1:1 garaged parking, laundry, secure entry and large windows providing abundant natural light and views. Located on a tree-lined street, the property offers convenience with proximity to Lake Merritt, 19th Street BART, and Whole Foods. With the potential for lease-up at market rents and optional seller financing available, this is a unique chance to reposition the asset and achieve outstanding returns. 251 Park View Terrace is situated in of Oakland’s most sought-after neighborhoods, Adam’s Point, offering easy access to Lake Merritt, downtown Oakland, 19th BART and Whole Foods. Tucked away on quiet tree lined street, residents enjoy close proximity to all of the vibrant amenities and dining options along Grand Ave, along with a peaceful setting in the building. With it’s blend of Lake Merritt proximity, neighborhood charm and an assortment of local businesses nearby, 251 Park View Terrace presents a unique opportunity to purchase in desirable location in the Oakland apartment market.