261 Lester Ave

Advent - Ground Floor Lake Merritt Apartment W/ Parking Available! Monday-Friday between 9 AM and 4 PM.
Welcome to your brand new home! This unit gives you everything you need to support your lifestyle. You’ll live minutes away from Oakland’s iconic Lake Merritt, surrounded by a plethora of great restaurants, shops, and activities.
Your new apartment features a spacious balcony to catch a serene sunrise or sunset. The living room offers a generous amount of space, filled with an abundance of natural light in your eat-in kitchen with a breakfast nook. Lastly with access to shared laundry facility, and one dedicated parking spot, this apartment is a must see!
Utilities Included: Garbage/Water.
Tenant(s) are responsible for PG&E.
A minimum credit score of 661+ is required.
Parking Available for $100/month.
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 the application). An additional security deposit is required for an approved pet.
Minimum monthly income requirement 2.2x the monthly rent net (after taxes.)
Renter’s Insurance is required with Advent Properties listed as an “additional interest.”
*Renters Insurance does not include earthquake damage separate earthquake recommended.*
This is a no smoking / no marijuana 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 to be correct and assumes no legal responsibility for the accuracy. All information is subject to change or withdrawal without further notice.