About 240 Grand Ave
Advent - Historic Studio Apartment at Lake Merrit!!! - Important: Please do not apply online "sight unseen." Applications will not be considered prior to viewing.
TO SCHEDULE TOUR: For fastest response, please call 510.250.7918 M-F between 9AM and 4PM.
As you walk in, you are enlightened by the elegance of natural light. A delightful vintage studio apartment with historic original architecture will take your breath away the moment you step inside. With original hardwood floors and an abundance of living space, you won't need to look much further. From your authentic original built-in shelving to your limitless living space, you are provided with everything one would need to make this classic studio your new home.
Surrounding Area: This apartment building sits at the corner of Grand & Park View Terrace. Not only are you just a cross-walk away from the lake, but you are walking distance from some of Oakland's premier food establishments: Grand Lake Kitchen, Grand Tavern, The Star, Hunan Village, Colonial Donuts, Flipside, The Juice Bar, Modigliani Cafe, QI Dumpling Lounge, etc. Don't forget you are just minutes away from Grand Lake Theater, Safeway, and Trader Joes. This location is everything...
Won't last long...
Utilities: Tenant is responsible for all utilities except Water/Sewer and Trash/Recycling.
Street parking is available for permit holders. Limitations and costs apply. Please contact City of Oakland for more information.
This is a non-smoking property, including cannabis.
One (1) small cat or dog (under 25lbs) considered. To be considered, the pet must be spayed/neutered and properly vaccinated (proof required as part of application).
**Move-in date must be 30 days or less from date of application submission.**
*** Upon approval of the application, applicant(s) will have 48 hours to obtain utilities in their name(s) and renters insurance PRIOR to receiving the lease agreement.
A minimum credit score of 650 required.
Each adult (18+) who will be residing in the rental unit must complete and sign an application, provide all necessary supporting documents, including a government-issued photo ID, and pay the application fee. Incomplete applications will not be processed. Submit a $45 non-refundable application fee, payable to Advent Properties, Inc., for each application. This must be paid with Cashier's Check or Money Order. We take this in order to run the credit check. Personal credit reports from other agencies NOT accepted. Mail or personally deliver all documents to Advent Properties, Inc. 1600 MacArthur Blvd. Oakland, CA 94602. There is an after-hours secured mail slot you can place your information into as well on front door of office. Please have documents secured together.
The application process usually takes three (3) business days after receipt of complete application, supporting documentation, and application fee.
*One (1) applicant: 2.2 x the monthly rental rate in verifiable monthly net income is required. Two (2) applicants: 3.3 x the monthly rental rate in verifiable, combined monthly net income is required. Three (3) applicants: 4.4x the monthly rental rate in verifiable, combined monthly net income is required. Four (4) applicants: 5.5 x the monthly rental rate in verifiable, combined monthly net income is required. Five (5) applicants: 6.6 x the monthly rental rate in verifiable, combined monthly net income is required. Net income is calculated by taking the applicantβs take-home pay and subtracting the monthly debt service as reported in the applicantβs credit report.
*Verifiable monthly income must be documented by the most recent two (2) months pay stubs for the applicant. Offers of employment must contain initial employment day within thirty (30) days of application, and the total salary stated in the offer of employment will be discounted to 60% to calculate monthly income.
*If cash reserves are used to qualify, the cash reserves amount must be equivalent to the above income requirements for the duration of the initial term of the tenancy. The cash reserves must be in the applicant's account(s) for a minimum of six (6) months. Only cash or cash equivalents will be considered (e.g., CDs, money market funds, etc). Retirement accounts are not considered unless the applicant is of age for penalty-free withdrawal.
*Each applicant must have a minimum credit score of 650+ (based on VantageScore 3.0) to qualify. Note, some properties have different credit score requirements, please refer to the advertisement for actual requirement.
*Each applicant must have two (2) years of established credit history in good standing (e.g. no delinquency, collection, or other negative remarks).
*No prior Evictions on your record.
*A positive (not neutral) landlord reference from the most recent two landlords is required.
*As a property owner or manager we do not discriminate in the rental of property on the basis of "race, color, religion, sex, gender, age, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, familial status, source of income, disability, veteran or military status, or genetic information".
*Advent Properties, Inc. trusts that all material in the flyer to be correct and assumes no legal responsibility for the accuracy. All information is subject to change or withdrawal without further notice.
CAL DRE#01897998