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High Street Apartments
2701 High Street, Oakland, CA 94619
2701 High Street front of building
N/A
32
27,103 SF
Multifamily
Garden/Low-Rise
Investment
2.5%
9%
6.90
95%
4
1989
27,736 SF
32-2058-98
32 / 1,000 SF
-
Last Verified 9/23/2011
Listing ID 16822541
Highlights
Built in 89 RENT CONTROL EXEMPT- Cell tower income of $6k per month
- Newer construction, reinforced building
- Well managed and very clean
Description
High Street Apartments was built in 1989 and is therefore exempt from rent control. It features a gated parking garage, numerous balconies surrounded by mature trees and a laundry facility. Nearly all the units are two-bedroom with desirable ûoor plans and plenty of closet space.
The High Street Apartments provides outstanding cash ûow of over $6000/mo in cell site income. The current owner has been offered $400,000 cash to sell the income from these sites. There is a possibility of adding more sites at this location, providing a new owner with upside in cash ûow.
This property is in close proximity to three parks, an elementary school, the 580 Fwy and not far from the Fruitvale BART station and Oakland' s Mills College.
Map of 2701 High Street, Oakland, CA 94619 (Alameda County)
Created 9/3/2010
Additional Information for 2701 High Street, Oakland, CA 94619
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P