Memar Properties
Peralta Creek - 2006

Status: Remodel of 2425 completed in 2007 conceptual plans completed for 2443
Project value: $2,500,000
Total Bedrooms (existing) : 31
Total Bedrooms (concept) : 66

Current Projects
Ashby Arts
Parker Place
McKevitt Volvo - Fiat - 2007

Completed Projects
Wesley Foundation - 2009
Peralta Creek - 2006
Longs Drugs - 99C Only Mixed Use - 2002
Everett and Jones BBQ - 2005
Humboldt Apartments - 2005
Peralta Creek Homes - 2005
Claremont Colby Offices - 2006
Wesley Student Housing - 2008
Adeline Lofts - 2002
Alcatraz Apartments - 1995
Allston Commons - 1994
Allston House - 2007
Ashby Apartments - 1995
Ashby Court Apartments -1998
Ashby Lofts - 2007
Bancroft Senior Homes - 2001
Hearst Studios - 1994
Hillegass Avenue Commons - 2001
Hookston Senior Homes - 1999
Oak Street Terrace - 2005
Peter Babcock House - 1996
Prince Street Apartments - 1997
Sacramento Garden Apartments - 1997
Sacramento Senior Homes - 2006
Shattuck Senior Homes - 2000
Sierra Garden Apartments - 1996
University Neighborhood Apartments - 2005

Map of all projects

  Peralta Creek - 2006

2425 and 2443 Humboldt Avenue
Oakland, CA 94601

Project details   |   Project specs

Challenges
Dated and run-down apartment complex, poorly maintained, high turnover and vacancy rate, trash dumping, on site “oak forest”.

Vision
Reposition as a garden apartment complex, upgrade units, retain/stabilize on-site property management, develop adjacent property with complimentary garden complex, retain “oak forest,” take advantage of pastoral creek side location.

Result

Increased tenant stability, increased rents, plans for 20-unit project on adjacent lot that retains “oak forest” and provides creek side open space.



Product:

Medium density garden apartment complex

   
Approvals: City of Oakland Site and Architectural Review
   
Status: Remodel of 2425 completed in 2007 conceptual plans completed for 2443
   
Value: $2,500,000
   
Partners:
Ali Kashani
   
Lenders:
Pacific National Bank
   




Number of units  
2 Bedroom 12
3 Bedroom 1
4 Bedroom 1 (house on property)
Total Bedrooms (existing) 31
Total Bedrooms (concept) 66
Total Units (existing) 14
Total Units (concept) 18 additional (2 bedroom units)
   
Area  
Residential (existing) 13,504 s.f.
Residential (concept) 16544 add’l s.f.
   
Density ratios  
Site area 47,250 s.f.
Acres 1.3
Bedrooms/acre (existing) 26
Bedrooms/acre (concept) 58
Units/acre (existing) 12
Units/acre (concept) 29
   
Parking  
Total (existing) 1/unit, individual garages
Total (proposed) 1/unit, covered


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