This property represents an opportunity to acquire an asset located in Oakland, California with a loss to lease of over 43%. The investor(s) will be able to take advantage of shrinking that to under 20% or even less if one or more tenants agree to a lease buy out.
Three (3) units are Section 8 (government subsidized) and will have their rents brought to market with a 90-day notice. The remaining three (3) units have not had rental increases 2-7 years and those “banked” rent increases can be brought to a higher rent as well.
Representation – Buyer / Syndication