The Lapham Company

450 40th St.
Oakland

Vintage 1920’s Building - SOLD

Vintage 1920’s construction with era appropriate finishes

Property Information
Type Multi-Family
Units 25
APN 012-1011-011
Square Footage 15363
Lot Size 6,600.00 sq.ft. (per county records)
Year Built 1925
Lapham Listing?
Financial Summary
Price $1,700,000
Down Payment $1,157,000
Loan Payment $543,000
Cash on Cash Estimate
Pro-Forma Cash Flow Est
Scheduled Cap Rate 7.31
Pro-Forma Cap Rate 7.71
Scheduled GRM 6.26
Pro-Forma GRM 6.09
Price Per Unit $68,000

Vintage 1920’s construction with era appropriate finishes. The property consists of 19 Studio – One Bathroom apartments and 6 One Bedroom – One Bathroom apartments. The property is located blocks from the MacArthur Bart Station and in between the Broadway and the Telegraph business districts. Close to the Bustling Temescal Restaurants and Coffee Shops and within close proximity to all the major freeways in Oakland, Downtown Oakland, Emeryville, and San Francisco.

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