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1445 Harrison St
Oakland, CA 94612
Lake District Apartments · Multifamily Property For Sale · 119 Units

INVESTMENT HIGHLIGHTS

  • $10,000,000 LOAN AT 3.65% FINANCING FOR 7 MORE YEARS DUE JUNE 2030 CURRENTY AT FIRST REPUBLIC BANK
  • 35% Upside in the Rents
  • Existing Cash on Cash Return 10.3% Market Cash on Cash Return 24.3%
  • Government guaranteed rent which is exempt from rent control.
  • Existing Cap 6.54%, Market Cap 10.1%
  • Existing Gross Rent Multiplier 11 Market Gross Rent Multiplier 7.9

PROPERTY FACTS

No. Units 119
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

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 105 - -
2+1 13 - -
  • Listing ID: 29361421

  • Date on Market: 8/24/2023

  • Last Updated:

  • Address: 1445 Harrison St, Oakland, CA 94612

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