LAKEMOUNT APARTMENTS

136 East 12th Street
Oakland, California

Purchased, in 1998, this is a HUD (government subsidized) building that was purchased from a national real estate/asset management company. With seismic retrofitting, interior improvements, and a new management team, the old brick structure was restored to a beautiful and profitable building in the East Lake area of Lake Merritt—a rapidly growing, racially mixed, vibrant neighborhood.