Lake Merritt Portfolio
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Lake Merritt Portfolio
4 Multifamily Properties in Oakland, CA
INVESTMENT HIGHLIGHTS
- Attractive Combination of Studios, 1-Bedroom, and 2-Bedroom Units
- Professionally Managed Assets
- Centrally Located Around Lake Merritt, Ability to Manage All (4) Properties
- Amenities: Controlled Access, On-Site Parking, and a Laundry Facility
- Convenient Access to Multiple BART Stations & Premier Retail Corridors
EXECUTIVE SUMMARY
The Bay Area Multifamily Team of Colliers International is pleased to present the Lake Merritt Portfolio. Located in the heart of Oakland, the Lake Merritt Portfolio contains (4) multifamily properties located in various districts surrounding Lake Merritt. The Portfolio is being offered free and clear of debt at an incredibly attractive basis with strong in-place yields.
• (4) Properties Available for Purchase Individually or as a Portfolio
• Average price per unit: $137,301
• Average in-place Portfolio Cap Rate of 7.43%
• Average Portfolio GRM of 6.65
• Upside stabilizing to a 9.19% Cap Rate
• Average Portfolio Walk Score of 90 and Bike Score of 78
• (4) Properties Available for Purchase Individually or as a Portfolio
• Average price per unit: $137,301
• Average in-place Portfolio Cap Rate of 7.43%
• Average Portfolio GRM of 6.65
• Upside stabilizing to a 9.19% Cap Rate
• Average Portfolio Walk Score of 90 and Bike Score of 78
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Under Contract | Total Building Size | 53,107 SF |
| Number of Properties | 4 | Total Land Area | 1.28 AC |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 53,107 SF |
| Total Land Area | 1.28 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 3465 Richmond Blvd, Oakland, CA 94611 | Multifamily | 10,552 SF | 1964 | - |
|
The Foothill Apartments
646 Foothill Blvd, Oakland, CA 94606 |
Multifamily | 10,650 SF | 1890 | - |
|
Emerald Estates Apartments
71 10th St, Oakland, CA 94607 |
Multifamily | 21,405 SF | 1914 | - |
| 430 Vernon St, Oakland, CA 94610 | Multifamily | 10,500 SF | 1961 | - |
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Lake Merritt Portfolio
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