1 Lakeside Dr 1608, Oakland, California 94612, Oakland, 94612 - 1 bed, 1 bath
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Oakland, California 94612
This High-Potential Investment Opportunity is listed at $349,000, positioned slightly above the $336,353 Fair Market Value. While the unit carries a Fair Condition Rating due to original 2001 finishes, it offers a prime location with a 97 Walk Score. Residents enjoy Panoramic Lake Merritt Views, a Swimming Pool, and 24-Hour Security. Despite the higher HOA fees, the property’s high-rise luxury status and transit accessibility make it a compelling asset. This residence is an ideal acquisition for Buy-and-Hold Investors or Urban Professionals seeking a high-amenity lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 Lakeside Dr 1608 Subject | $349,000* List Price | 1 | 1 | 641 | $525 | - |
A 438 438 W Grand Ave 432 Sold | $415,000 | 1 | 1 | 722 | $575 | 0.6 mi |
B 630 Thomas L Berkley Way 102 Sold | $335,000 | 1 | 1 | 614 | $546 | 0.7 mi |
C 630 Thomas L Berkley Way 803 Pending | $419,000 List Price | 1 | 1 | 657 | $638 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2001, the property is now 23 years old, placing it in the 'Fair' category based on age. While the unit is well-maintained and move-in ready, the kitchen and bathroom feature original finishes including honey-oak cabinetry, white appliances, and dated tile work that reflect its 20+ year age and suggest a need for modern cosmetic updates.
With a Walk Score of 97 and immediate proximity to Lake Merritt, this property offers unparalleled access to outdoor recreation, downtown dining, and major transit hubs.
Situated on the 16th floor, the unit features a private balcony with sweeping views of Lake Merritt and the Oakland hills, a premium feature that significantly enhances its value.
Residents benefit from a full suite of resort-style facilities, including 24-hour security, a fitness center, pool, and secure parking, providing a high-end lifestyle experience.
The association fee of $970 per month is substantial for a one-bedroom unit, which may impact overall affordability and the buyer's debt-to-income ratio.
At 641 square feet, the interior footprint is relatively small, which could be a limiting factor for buyers requiring more storage or a dedicated home office space.
Welcome to 1 Lakeside Drive, Unit 1608, Oakland, CA 94612, a stunning residence in The Essex, one of Oakland's sought-after luxury high-rise communities located just steps from the iconic Lake Merritt. Perched on the 16th floor, this beautifully maintained home showcases sweeping panoramic views of Lake Merritt, the surrounding hills, and the vibrant Oakland skyline from its private balcony. The thoughtfully designed floor plan offers an open-concept living, making it perfect for everyday living. Interior features include stone countertops, hardwood and tile flooring, in-unit laundry, a spacious storage closet, and abundant natural light throughout. Assigned covered parking adds convenience and peace of mind. Residents of The Essex enjoy an exceptional collection of resort-style amenities, including a fitness center, swimming pool, spa, hot tub, sun decks, elegant clubhouse, meeting rooms, beautifully maintained common areas, elevator access, wheelchair accessibility, and 24-hour security. Ideally situated at 1 Lakeside Drive in the heart of Oakland, this premier location places you moments from Lake Merritt's scenic walking paths, downtown dining, shopping, entertainment, and public transportation. Boasting an impressive Walk Score of 97, Transit Score of 81, and Bike Score of 93, this home offers the ultimate urban lifestyle with unmatched convenience. Come experience luxury high-rise living, breathtaking views, and world-class amenities! Don't miss your opportunity to own this home! Message us for a private tour.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 23% |
| Baths | 1.0 | 2.0 | 23% |
| Square foot | 641 | 1,255.5 | 9% |
| Lot Size | 42,966 | 11,863.5 | 86% |
| Price | $349.0K | $527.5K | 9% |
| Price per sq ft | $544 | $476 | 68% |
| Built year | 2001 | 2001 | 50% |
| HOA | $970.0 | $816 | 64% |
| Days on market | 11 | 153 | 5% |
Jun 3, 2026
$349,000
Initial Listing
Aug 1, 2005
$425,000
Public Record