ADDRESS:
780 13th St
Oakland, CA 94612

COUNTY: Alameda

PROJECT DESCRIPTION:

Las Palmas and The Related Companies of California purchased the Oak Village Apartments in May 2004. The partnership completed a $4,000,000 renovation of the rental units: new windows, appliances, counter tops, kitchen cabinets, carpet, light fixtures and heating units.

The common area improvements consisted of new elevators, roofs, new windows and exterior paint. The construction process included a new administration building which houses the management and leasing offices, computer learning center and a large multi-purpose room.

Within walking distance to Oak Village is the elementary and middle schools, grocery stores, and parks.

PROPERTY MGMT: Related Management Company

FINANCING:
Tax Credit Equity Partner: Related Capital Company
Construction & Permanent Loan: California Housing Finance Agency

UNIT MIX:
32 studios (427 Sq. Ft.)
39 1-bedrooms (603 Sq. Ft.)
46 2- bedroom (782 - 824 Sq. Ft.)

100% AFFORDABLE: 117 units – 50% AMI

RESIDENT SERVICES: More Information

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