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LAKE DISTRICT APTS - GREAT DEAL!

 RECESSION PROOF INVESTMENT-TRUE HEDGE AGAINST INFLATION

Attention Non-Profits, Developers, Investors and Brokers

  • 118 apartments plus 1 commercial.
  • Existing Cap 6.54%, Market Cap 10.1%
  • Existing Cash on Cash Return 11% Market Cash on Cash Return 27.7%
  • Existing Gross Rent Multiplier 11  Market Gross Rent Multiplier 7.9
  • 35% Upside in the Rents.
  • Connected lot entitled for 127 units and 1 commercial.
  • Partially exempt from rent control.
  • Government guaranteed rent which is exempt from rent control.
  • High growth city and area influencing great appreciation potential.
  • No deferred maintenance - Easy management.
  • Strong Rent Upside. 
  • Trouble free income and management.
  • Nostalgic building in great downtown Oakland area near Lake Merritt.
  • Opportunity Zone.


The above numbers are based on a $23,799,000 sale of the

apartment building and $5,995,000 sale of the entitled lot.

1445 Harrison Street / 315 15th Street Oakland, CA 94601

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