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1445 Harrison St
Oakland, CA 94612
9% CAP, 13.5% $ on $, 3.65% LOAN · Multifamily Property For Sale
·
118 Units
Investment Highlights
- $9,884,381 LOAN AT 3.65% FINANCING FOR 7 MORE YEARS DUE JUNE 2030 CURRENTY AT FIRST REPUBLIC BANK. BUYER MAY TAKE “SUBJECT TO” IF THEY ELECT TO DO SO.
- Existing Cash on Cash Return 13.5% Market Cash on Cash Return 25%
- 35% Upside in the Rents
- Existing Cap 9%, Market Cap 14%
- Existing Gross Rent Multiplier 7.6 Market Gross Rent Multiplier 5.6
- No deferred maintenance - Easy Management
Property Facts
| No. Units | 118 | Building Size | 115,750 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | 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 |
| 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 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 9 | - | - |
| 3+2 | 2 | - | - |
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
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