About 1425 Harrison Street
RECESSION PROOF INVESTMENT-TRUE HEDGE AGAINST INFLATION. Government guaranteed rent which is exempt from rent control. 35% Upside in the Rents. Nostalgic building in the great downtown Oakland area near Lake Merritt. No deferred maintenance - Easy Management Strong Rent Upside. Trouble free income and management Opportunity Zone. The building was built in 1925, 118 apartments with private baths and kitchens and 1 commercial. Six stories building size with 55,750 square feet on a lot size 18,730 square feet. 75% of the units have been renovated at a cost of $800,000.
Features of 1425 Harrison Street
| MLS® # | ML81920992 |
|---|---|
| Price | $23,799,000 |
| Bathrooms | 0.00 |
| Square Footage | 47,875 |
| Acres | 0.33 |
| Year Built | 1925 |
| Type | Residential Income |
| Sub-Type | OTHER |
| Status | Active |
Community Information
| Address | 1425 Harrison Street |
|---|---|
| Area | All Other Counties/States |
| City | Oakland |
| County | Alameda |
| State | CA |
| Zip Code | 94612 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Interior Features | Elevator |
|---|---|
| Heating | Natural Gas |
| Cooling | Ceiling Fan(s) |
| Fireplace | No |
School Information
| District | Oakland (510) 879-8111 |
|---|
Additional Information
| Date Listed | March 8th, 2023 |
|---|---|
| Zoning | CBD- |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Meidan Mike Magen |
|---|---|
| Office | Probity Real Estate |