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

3170 High St
Oakland, CA 94619
7% CAP, 9.2% Cash on Cash, 9.4 GRM, 3.15 LOAN · Multifamily Property For Sale · 14 Units

Investment Highlights

  • Existing first loan with First Republic Bank of $1,766,273 @ 3.15% payable monthly $7,698.61, due date 2031, buyer may take “subject to” if they elect
  • Existing Cap 7%, Market Cap 10.5%
  • Existing Gross Rent Multiplier 9.4 Market Gross Rent Multiplier 7.1
  • 26% Upside in the Rents
  • Existing Cash on Cash Return 9.2% Market Cash on Cash Return 7%
  • Great unit mix of 2 bedrooms

Property Facts

No. Units 14
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.25 AC
Building Size 10,370 SF
Average Occupancy 100%
No. Stories 3
Year Built 1963
Parking Ratio 1.06/1,000 SF
Zoning R-70, Oakland - Residential

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 3 - 615
2+1 11 - 775

Property Taxes

Property Taxes

Parcel Number
032-2032-170-00
Land Assessment
$851,369
Improvements Assessment
$1,982,159
Total Assessment
$2,833,528
  • Listing ID: 31051665

  • Date on Market: 2/26/2024

  • Last Updated:

  • Address: 3170 High St, Oakland, CA 94619

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