1417 1st Ave
Oakland, CA 94606
Leasing Information
Leasing Phone:   510-763-1417
Leasing Fax:  510-763-5964
Jamboree's Lake Merritt affordable senior community with green space of Lake Merritt
Jamboree's Lake Merritt affordable senior community entrance of Lake Merritt
Jamboree's Lake Merritt affordable senior community courtyard of Lake Merritt
Jamboree's Lake Merritt affordable senior community courtyard of Lake Merritt
Jamboree's Lake Merritt affordable senior community with green space of Lake Merritt
Jamboree's Lake Merritt affordable senior community entrance of Lake Merritt
Jamboree's Lake Merritt affordable senior community courtyard of Lake Merritt
Jamboree's Lake Merritt affordable senior community courtyard of Lake Merritt

Renovated Low-Income Senior Apartments in Bay Area

Acq/rehab renews Oakland 62+ affordable housing and services

A joint effort by Jamboree and Preservation Partners Development, Lake Merritt was acquired and rehabilitated in 2002 and renovated in 2018 to maintain the high quality affordable housing to seniors age 62+ in Oakland, CA. The Bay Area is known for both high-density and real estate prices that are out of reach for many seniors.

All units received  new kitchen and bathroom cabinets and countertops, ENERGY STAR appliances, new windows, new flooring and paint, and a new sprinkler and nurse call system. The exterior renovations include modernizing the stucco with new paint and installing a new TPO roof. 

Located overlooking Lake Merritt in a fully walkable neighborhood, the community provides convenient access to shopping, dining and medical centers, as well as public transportation in Alameda County. The gated entry provides a safe environment and peace of mind, while laundry facilities and elevators provide convenience. The newly enlarged community room with storefront windows is a gathering place for residents and a location for services provided by Jamboree’s Community Impact Group

Lake Merritt had been at risk of losing local restrictions necessary to keep the community affordable for residents. With only three years remaining on these restrictions, Jamboree’s acquisition of the property ensured its ongoing affordability for residents and the community. Jamboree’s partnerships with property management, the City of Oakland, and investors allow for a quality, secure environment for seniors.


Community Features
  • Near mass transit
  • Community Center
  • Garage
  • Elevator
  • Laundry facility
  • Onsite resident services

Lake Merritt

1417 1st Ave
Oakland, CA 94606
Map & Directions
Leasing Information
Leasing Phone:   510-763-1417
Leasing Fax:  510-763-5964
 

Details

Funding Sources
  • CREA LLC: 4% tax credit investment
  • Citi Community Capital: Construction and permanent loan
Construction Type
  • Rehabilitation
Construction Team
Building Type
Mid-rise
Resident Type
Senior
Year Built
  • Built: 1977
  • Rehab: 2002
  • Rehab: 2018
Number of Units
55
Total Development Cost
$10 million
Area Median Income (AMI)
50% - 60%
Land Size
0.57 acres
Floor Plans
  • 54 One-bedroom: 548 sqft
Jamboree's Role
  • Joint venture partner
 
Partner View (Change to Resident)
Jamboree Housing Corporation
Jamboree Housing Corporation
17701 Cowan Ave, Suite 200
Irvine, CA 92614
(949) 263-8676
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© Copyright 2018 Jamboree Housing Corporation. All Rights Reserved.
© Copyright 2018 Jamboree Housing Corporation.
All Rights Reserved.
Access for All Equal Housing Opportunity
Access for All Equal Housing Opportunity