This Multifamily Property is no longer advertised on LoopNet.com.

1445 Harrison St
Oakland, CA 94612
 $10M LOAN AT 3.65% FINANCING FOR 7YRS · Multifamily Property For Sale · 118 Units

Apartment Buildings California Oakland 1445 Harrison St, Oakland, CA 94612

Investment Highlights

  • RECESSION PROOF INVESTMENT-TRUE HEDGE AGAINST INFLATION
  • Existing Cash on Cash Return 11% Market Cash on Cash Return 27.7%
  • 35% Upside in the Rents
  • Existing Cap 6.54%, Market Cap 10.1%
  • Existing Gross Rent Multiplier 11 Market Gross Rent Multiplier 7.9
  • Entitled Lot next door to build 127 units for $5,995,000

Property Facts

No. Units 118 Building Size 115,750 SF
Property Type Multifamily Average Occupancy 100%
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
 No. Stories 7
Apartment Style Mid-Rise Year Built/Renovated 1925/1994
Building Class C Parking Ratio 0.87/1,000 SF
Lot Size 2.96 AC
Zoning Multi-residential
No. Units 118
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
Apartment Style Mid-Rise
Building Class C
Lot Size 2.96 AC
Building Size 115,750 SF
Average Occupancy 100%
No. Stories 7
Year Built/Renovated 1925/1994
Parking Ratio 0.87/1,000 SF
Zoning Multi-residential

Amenities

Unit Amenities

  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • Controlled Access
  • Laundry Facilities
  • Storage Space

Links

Property Taxes

Parcel Number 008-0625-043-00 Improvements Assessment $4,059,638
Land Assessment $5,166,813 Total Assessment $9,253,798

Property Taxes

Parcel Number
008-0625-043-00
Land Assessment
$5,166,813
Improvements Assessment
$4,059,638
Total Assessment
$9,253,798
 

  • Listing ID: 27795008

  • Date on Market: 2/20/2023

  • Last Updated:

  • Address: 1445 Harrison St, Oakland, CA 94612

The Lakeside Multifamily Property at 1445 Harrison St, Oakland, CA 94612 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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1445 Harrison St, Oakland, CA for sale Interior Photo- Image 1 of 1
Grand Lobby with Exquisite Details
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