Lakeshore Towers | 6.502% Cap Rate | 8.60 GRM | 187 Montecito Ave
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Lakeshore Towers | 6.502% Cap Rate | 8.60 GRM 187 Montecito Ave
22 Unit Apartment Building $6,021,405 CAD ($273,700 CAD/Unit) 6.50% Cap Rate Oakland, CA 94610
Investment Highlights
- Desirable Adams Point Apartment Building
- Price Reduced
Executive Summary
PLEASE CONTACT LISTING AGENTS FOR MARKETING MATERIALS!
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $6,021,405 CAD | Apartment Style | Low Rise |
| Price Per Unit | $273,700 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.50% | Building Size | 17,172 SF |
| Gross Rent Multiplier | 8.6 | No. Stories | 3 |
| No. Units | 22 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1.28/1,000 SF |
| Property Subtype | Apartment |
| Price | $6,021,405 CAD |
| Price Per Unit | $273,700 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Gross Rent Multiplier | 8.6 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 17,172 SF |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.28/1,000 SF |
Unit Amenities
- Kitchen
- Oven
- Range
- Carpet
Site Amenities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | $1,670 CAD | 500 - 600 |
| 2+2 | 3 | $3,251 CAD | 950 |
| 3+2 | 1 | $5,132 CAD | 1,000 |
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Walk Score ®
Walker's Paradise (93)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 010-0769-005-00 | Total Assessment | $6,392,898 CAD |
| Land Assessment | $2,101,669 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $4,280,523 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
010-0769-005-00
Land Assessment
$2,101,669 CAD
Improvements Assessment
$4,280,523 CAD
Total Assessment
$6,392,898 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Lakeshore Towers | 6.502% Cap Rate | 8.60 GRM | 187 Montecito Ave
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