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5499 Claremont AveOakland, CA 94618
5499 Claremont Ave
Asset ClassMultifamily
Private in Place Assumable Loan of $4,429M | Berkeley Adjacent
overview of deal

Overview

www.hotdealsoakland.com

 

COOPERATING WITH ALL BROKERS!

 

RECESSION PROOF INVESTMENT-TRUE HEDGE AGAINST INFLATION

 

Existing first private assumable loan of $4,429,000 @ 7% payable monthly $25,835.83, due date January 31, 2028, buyer may assume.

 

Existing Cap 4.8%, Market Cap 5.7%

 

Existing Gross Rent Multiplier 13.7 Market Gross Rent Multiplier 12.2

 

High growth city and area influencing great appreciation potential

 

No deferred maintenance - Easy Management

 

Strong Rent Upside. Trouble free income and management

 

Offers immediate scale in a supply constrained market.

 

Tremendous access to major employers- Drafting off of eastward migration.

 

Resilient growth market fundamentals in post-COVID recovery

 

Major Discount to homeownership as Oakland median home prices rise: 63% discount.

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Investment Highlights

Year Built
1960
# Units
24
Occupancy
100%
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5499 Claremont AveOakland, CA 94618
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