Overview
www.hotdealsoakland.com
COOPERATING WITH ALL BROKERS!
We are pleased to present 5412 Claremont Avenue, an exceptional 33-unit pride of ownership multifamily investment opportunity located in Oakland’s premier Rockridge neighborhood on the edge of Berkeley. This trophy asset offers investors a rare combination of stable residential income. The property’s strategic positioning directly across from the Rockridge BART station provides unmatched connectivity to major employment centers, with 22-minute access to San Francisco’s Financial District and seamless highway connectivity via Route 24.
This very nostalgic 3 story property is located at 5412 Claremont Ave in Oakland California. It has 16,830 rentable square feet, with 33 large and spacious one-bedroom/one-bathroom units, all with private baths and kitchens and some have balconies. The property was built in 1963, with a concrete perimeter foundation, exterior walls are wood, and the roof is composition shingle. There is laundry on site. 80% of the units have been renovated. All units have separate gas + electric meters. There is 30% upside in the current rents. With 30% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market.
Investment Highlights
RECESSION PROOF INVESTMENT-TRUE HEDGE AGAINST INFLATION
Existing first loan with Chase Bank of $5,185,512 @ 3.25% payable monthly $24,300 due date May 1, 2032, buyer may take “subject to” if they elect to do so.
Low interest financing increases the current market value.
30% Upside in the Rents Existing Cap 4.7%, Market Cap 5.7%
Existing Gross Rent Multiplier 13.8 Market Gross Rent Multiplier 12.1.
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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Sales Team
