• Home
  • Prospectus
  • HomeLight
  • Photos and Video
  • Financing Options
  • Existing Loan
  • CTAC Ownership
  • I & E / Rent Roll
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  • More
    • Home
    • Prospectus
    • HomeLight
    • Photos and Video
    • Financing Options
    • Existing Loan
    • CTAC Ownership
    • I & E / Rent Roll
    • Development Projects
    • Contact Us
  • Home
  • Prospectus
  • HomeLight
  • Photos and Video
  • Financing Options
  • Existing Loan
  • CTAC Ownership
  • I & E / Rent Roll
  • Development Projects
  • Contact Us

 

Desperate/Must Sell

$19,268,000

$4,000,000 Price Reduction

$3,000,000 Below Appraisal

CAP 8%, Cash on Cash10.24%

GRM 9.1%

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 7.7%, Market Cap 12%
  • Existing Cash on Cash Return 9.5% Market Cash on Cash Return 18%
  • Existing Gross Rent Multiplier 9.1  Market Gross Rent Multiplier 6.6
  • 35% Upside in the Rents.
  • 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.
  •  Potential rear lot development in the back. 


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

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