Oak Center Towers

Overview

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Oak Center Towers in Oakland, California, offers a variety of rental units catering to a wide range of preferences. The property features units ranging from 432 to 600 square feet, ideal for both individuals and small households. These apartments are designed to provide comfortable living spaces equipped with essential amenities.

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The community is tailored to low-income seniors, providing affordable housing solutions through programs such as the LIHTC 40/60 Set-Aside and Section 8 PBRA rental housing assistance. This facility ensures that residents have access to a supportive environment, enhancing their quality of life while maintaining affordability.

Oak Center Towers is strategically located to offer easy access to various essential services and recreational activities in Oakland. The community fosters an inclusive and welcoming atmosphere, making it an ideal choice for seniors looking for independent living solutions.

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Amenities and Features

Affordable housing options
Low-income housing tax credits (LIHTC)
Section 8 PBRA rental housing assistance
Independent living facilities
Close proximity to essential services and recreational activities
Supportive community environment
Units ranging from 432 to 600 square feet

Sources

Oak Center Towers Location

Address: 1515 Market St, Oakland, CA 94607

Phone: 510-465-1166

Website: https://covia.org/living/senior-living/affordable-communities/oak-center-towers/

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About Oakland, California

Oakland, a city located in the state of California (CA), is home to a population of approximately 437,825 people. Oakland boasts a median age of 37.5, with around 19.7% of its residents aged 60 or above. 3.3% of the population identifies as US Veterans. 11% of Oakland residents are disabled. The city has an average household income of $94,389, while the unemployment rate stands at 5.8%, and around 13.2% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Oakland is $883,625, with a monthly rent averaging $1,849.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.