500 Lake Park Avenue in Oakland is a mixed-use affordable housing development that includes 53 rental apartments and approximately 2,500 square feet of retail space. A premier location in Oakland, 500 Lake Park Avenue is steps away from restaurants, grocery stores, and other community-serving retail, as well as parks and playgrounds, a library, a school, and beautiful Lake Merritt.
The apartment mix will include studios and one- to three-bedroom units. Onsite amenities include common open space, a computer room, a community room, a lobby and indoor bicycle parking. The development will be 100% income and rent restricted, serving a range of income levels, from 30% to 60% of area median income (AMI) households. Twenty (20) units will be set aside for formerly homeless veterans.
Construction estimated start: 2024
Construction estimated completion: 2026
- Property Type: Family, Veterans
- Location: 500 Lake Park Avenue, Oakland, CA
- Units: 53 apartments
Developer: EAH Housing
Architect: Lowney Architecture
General Contractor: J.H. Fitzmaurice, Inc.
Financing Participants:
- City of Oakland
- HCD
- Oakland Housing Authority