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