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VACANT Duplex Steps from Lake Merritt 2307-2311 Harrison St

2 Unit Apartment Building $1,150,000 ($575,000/Unit) 5.45% Cap Rate Oakland, CA 94612

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Executive Summary

The Mitchell Warren Team is pleased to present 2307 Harrison Street, a well-maintained VACANT duplex located in Downtown Oakland just steps from Lake Merritt. The property consists of two (2) large 1,500+ square foot units and three off-street parking spaces. The property offers beautiful 1920s architecture, period-appropriate details, and hardwood floors. In addition, the property is fully occupied by market-rate tenants delivering excellent day-one cash flow. This highly sought-after location will continue to attract premium tenants and maintain a low vacancy rate. 2307 Harrison Street is located in Downtown Oakland steps from Lake Merritt. This property is less than a mile from 19th Street BART with easy access to interstates 580 and 880 for seamless connection to the entire San Francisco Bay Area. Residents enjoy endless amenities in Uptown, Downtown, and Lake Merritt, including Whole Foods, a 5-minute walk away. The properties are walkable to both Kaiser Permanente (Oakland's Largest Employer) and Sutter Health Alta Bates Medical Center (Oakland's Second Largest Employer), earning a near-perfect Walk Score of 97!

Property Facts

Price	$1,150,000	Apartment Style	Low Rise
Price Per Unit	$575,000	Building Class	C
Sale Type	Investment	Lot Size	0.09 AC
Cap Rate	5.45%	Building Size	3,168 SF
Sale Conditions	1031 Exchange	Average Occupancy	100%
No. Units	2	No. Stories	2
Property Type	Multifamily	Year Built	1908
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park Office Office Residential Multifamily Dormitory	Parking Ratio	0.95/1,000 SF

Price	$1,150,000
Price Per Unit	$575,000
Sale Type	Investment
Cap Rate	5.45%
Sale Conditions	1031 Exchange
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park Office Office Residential Multifamily Dormitory
Apartment Style	Low Rise
Building Class	C
Lot Size	0.09 AC
Building Size	3,168 SF
Average Occupancy	100%
No. Stories	2
Year Built	1908
Parking Ratio	0.95/1,000 SF