1108 Chestnut St | Oakland, CA 94607
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- LoopNet Team
1108 Chestnut St
Oakland, CA 94607
7% CAP, 21% Upside in the Rents, 4% LOAN · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Existing first loan with First Republic Bank of $359,444 @ 4% payable monthly $1,923.16, due date 2028, buyer may take “subject to” if they elect to d
- Market Cash on Cash Return 12.6%
- 21% Upside in the Rents
- Existing Cap 7%, Market Cap 10%
- Existing Gross Rent Multiplier 9.6 Market Gross Rent Multiplier 7.3
- High growth city and area influencing great appreciation potential
PROPERTY FACTS
| No. Units | 6 | Building Size | 12,310 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 2.59/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | RM - Residential Multi-Family | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 12,310 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 2.59/1,000 SF |
| Zoning | RM - Residential Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 385 |
PROPERTY TAXES
| Parcel Number | 004-0015-024-00 | Improvements Assessment | $506,940 |
| Land Assessment | $306,000 | Total Assessment | $812,940 |
PROPERTY TAXES
Parcel Number
004-0015-024-00
Land Assessment
$306,000
Improvements Assessment
$506,940
Total Assessment
$812,940
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