Comptroveby RentSpire

UDR Apartments Residences at Lake Merritt

1940 Webster Street, Irvine, CA, 94612

Market rate 2,441 units (unit count basis: listing-reported) Hazard/risk read: not observed

Asking & effective rent by bedroom

Average asking rent across observed units: $3,398. Average effective rent: $3,398.

TypeAsking rentEffective rentAvg sqftObservations
Studio$2,451$2,451not observed2

HUD Fair Market Rent gap

HUD area: Oakland-Fremont, CA HUD Metro FMR Area.

FMR comparison not observed for this property.

Amenities

No amenities observed for this property.

Operator

not observed

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

PropertyLocationDistanceAvg askingSimilarity
Home Emeryville, CA 2.41 mi $3,332 48%
Avalon Public Market Emeryville, CA 2.89 mi $3,728 33%

Sources & provenance

Sourced from https://www.udr.com/san-francisco-bay-area-apartments/lakeside/residences-at-lake-merritt/ — 6 observation(s), last observed Jul 28, 2026.

Data age: 20 days. Last observed: Jul 28, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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