Essex On Lake Merritt

Advent - Experience Luxury Waterfront Living at the Prestigious Essex Building, $500.00 Security Deposit! - Important: Please do not apply online “sight unseen.” Applications will not be considered before viewing.

TO SCHEDULE TOUR: For the fastest response, please call or text Sharion Sadler at (510) 993-4600 Monday-Friday between 9 AM and 4 PM.

Located at the prestigious Essex building on picturesque Lake Merritt, this rarely available one-bedroom one-bathroom condominium offers a peaceful, private space with magnificent views of Downtown Oakland and Lake Merritt. The unit features an open floor plan, dramatic double-height living room ceiling (20+), gourmet kitchen with granite countertops and stainless steel appliances, hardwood floors, customized closets, floor-to-ceiling windows with an abundance of natural light, and some of the best views in Oakland!

The Essex is a premier high-rise building that offers the finest full-service living accommodations. The building features a 24-hour concierge, business center, gym, clubhouse, infinity pool, and spa. An ideal location for commuters: the Essex offers quick and easy access to BART and the freeways. One underground parking space an additional $100.00 a month.

Take advantage of the great things living on Lake Merritt has to offer: Morning jogs and Brunch at the Lake Chalet, evening gondola ride under the historic Necklace of Lights, or walk downtown for dinner and drinks!

Tenant(s) are responsible for PG&E, Cable, and Internet.

The owner provides Water and Trash services.

A minimum credit score of 661+ is required.

Pets are not considered for this property.

Minimum monthly income requirement 2.2x the monthly rent net (after taxes.)

Renter’s Insurance is required with Advent Properties, Inc. listed as an “additional interest.”

*Renters Insurance does not include earthquake damage separate earthquake recommended.*

This is a no smoking / no cannabis residence.

**Move-in date must be 30 days or less from date of application submission.**

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. Must be paid with Cashier’s Check or Money Order. We take this to run the credit check. Personal credit reports from other agencies are 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 the front door of the office. Please have documents secured together.

The application process usually takes three (3) business days after receipt of a 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 applicant’s take-home pay and subtracting the monthly debt service as reported in the applicant’s 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 an 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 get used to qualify, the cash reserves amount must be equivalent to the above income requirements for 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 (ex. 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 661 (based on VantageScore 3.0) to qualify. Note, some properties have different credit score requirements. Please refer to the advertisement for the exact requirements.

*Each applicant must have two (2) years of established credit history in good standing (ex. 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.

*If you have a pet, you must request a separate pet application from us and submit the completed pet application (at the same time you submit the rental application.)

*As a property owner or manager, we do not discriminate in the rental of property based on “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 is correct and assumes no legal responsibility for the accuracy. All information is subject to change or withdrawal without further notice.

CAL DRE#01897998

No Pets Allowed

(RLNE7249419)