1470 Fernwood Drive, Oakland, CA 94611
Tenant Requirements: * Household gross income must be 3x monthly rent (verifiable, stable, consistent based on documentation). * Combined weighted credit score of 670+. * 3 years positive, verifiable rental history. * 2 years employment in same field/company (include documentation for multiple jobs if applicable). * Any eviction/unlawful detainer results in immediate denial. * Delinquencies or collections over $1,000 subject to denial. * Income Source/Housing Voucher: Government rent subsidies (e.g., Section 8) accepted with alternative proof (benefit payments, pay records, bank statements in lieu of credit criteria). Vouchers must be valid for unit size/type. * Limits & Pets: Max 5 tenants. No pets. * Utilities Included: Trash, Gardener, $150 summer water credit/mo. Guarantor Requirements: * Must meet all minimum qualifications and have gross income of 4x rent. Final Notice: Failure to meet minimums or provide a qualified guarantor results in denial. City of Oakland Fair Chance Housing Ordinance Notice: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://cao-94612.s3.amazonaws.com/documents/Fair-Chance-Ordinance.Tenant-Notice.10.5.2020.pdf
The open-concept layout is designed for both grand entertaining and comfortable daily living. Residents enjoy access to premium amenities.
Credit Score
Minimum 700+ FICO score required.
Income Requirement
3x monthly rent in gross income.
Security Deposit
Equal to 1.5 months rent.
Employment
2 years consistent work history.
Relative pricing for luxury rentals in this area
This property is priced competitively within the top 25% of luxury rentals in this area.
| Rating | School Name |
|---|---|
9 | Thornhill Elementary Elementary School • |
9 | Montclair Elementary Elementary School • |
N/A | ST THERESA SCHOOL Private School • |
N/A | HOLY NAMES HIGH SCHOOL Private School • |
N/A | AURORA SCHOOL Private School • |
Marcus Thorne
Property Manager