411 E 17th Street presents an opportunity to acquire a multifamily apartment asset in Oakland's Eastlake district, a centrally located neighborhood positioned near Downtown Oakland, Lake Merritt, and major regional transportation corridors. The property consists of a 28-unit residential building constructed in 1961 and situated on an approximately 15,000-square-foot parcel. Its location provides residents with access to employment centers, neighborhood retail services, public transportation options, and recreational amenities surrounding Lake Merritt, one of Oakland's most recognized destinations.
The asset benefits from connectivity to Interstate 880, Interstate 580, and State Route 24, supporting convenient travel throughout the Bay Area. Downtown Oakland, the Lake Merritt BART Station area, and the city's civic and commercial districts are located nearby, contributing to ongoing residential demand from commuters and local workforce populations. The surrounding neighborhood includes a mix of residential housing, community services, restaurants, and neighborhood-serving retail uses that support long-term occupancy fundamentals.
For investors seeking a multifamily holding in one of Northern California's largest urban markets, the property offers an established residential footprint within a densely developed infill location. Oakland's position within the San Francisco Bay Area continues to provide access to a diverse employment base, major transportation infrastructure, educational institutions, healthcare facilities, and regional commerce. The combination of an existing apartment community, urban accessibility, and proximity to key demand generators creates a compelling opportunity for investors focused on long-term ownership and operational performance.