250 17th Street

Lake Merritt, Oakland

70 Aparment Homes

Investment Period: 13 months
IRR: 137.2%
​​​​​​​Equity Multiple: 5.6x

Located in Oakland's Lake Merritt neighborhood on the corner of 17th and Alice Streets, CRC acquired this former office and daycare property in December 2014. CRC obtained planning entitlements for 70 residential units then sold the property to another developer in 2015, providing substantial returns to investors.
Exterior view of 250 17th StreetExterior view of 250 17th Street
250 17th Street