296 Lester Ave — Keller Williams College Park

Active 1 day on market

Listed By Joseph OwensDRE #01707768

Marcus & Millichap

Natalia Escobar · Operating Principal

Your inquiry will go to Natalia Escobar, who is not the listing agent for this property.

Lot Size: 6,000 sqft
Year Built: 1959
Property Type: Residential income
View: Yes
Days on Market: 1 day

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.

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Home priceDown paymentDown %Interest rate %Term

—/mo

Principal and interest only. Property taxes, insurance and any HOA dues are not included and will increase this amount.

Estimates only, for your own planning. Not a loan offer, a pre-qualification, or a quote from any lender.

Features

Interior Features

Heating: Forced Air

Exterior Features

View: Lake

Market insights

Computed from CRMLS data for Oakland.

Property history

No prior MLS sale records.

Based on information from California Regional Multiple Listing Service, Inc. as of October 17, 2026 at 1:31 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any amount of compensation or commission stated is made only to participants of CRMLS or an MLS that has entered into a datashare agreement with CRMLS.