3779 Harrison Street

3779 Harrison Street Oakland, CA 94611

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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$3,800,000
Last Verified:
May 09, 2017


Description

The subject property is a 16-unit apartment complex featuring (15) 2 bed / 1 bath & (1) 1B/1B (penthouse) units. Tenants enjoy the comfort and leisure of this well-located property close to downtown Oakland, Lake Meritt & Piedmont Ave. The 12,121 square foot property was built in 1965. Overall, this is an excellent opportunity for an investor to acquire a stable asset with great rental upside that has been well maintained.

The property is close to downtown Oakland and Piedmont Ave with several shops, businesses, restaurants, and other entertainment establishments as well as the Kaiser Permante Oakland Medical Center. 3779 Harrison St is in close proximity to the MacArthur BART station, has access to major crosstown bus lines, and the I-580 & I- 980 freeway. This property is ideally located for tenants commuting to Downtown San Francisco and Oakland, and the Emeryville business district. Recently, the East Bay market has experienced significant spillover from the San Francisco housing shortage. Most notably, tech giants such as Uber have begun moving into the Oakland market, further adding to the appreciation and excitement in the area. This property's proximity to Bart makes it an extremely stable and promising investment.

Building Size: 12121.0sq ft
Lot Size: 0.0 acres

Map of 3779 Harrison Street, Oakland, CA, 94611

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.