2337 Harrison St - Apartments FOR SALE


Oakland, CA 94612- Westlake
$1,995,000 USD
707-363-2463
2337 Harrison St, Oakland, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/22
null | 6.16% Cap Rate

2337 Harrison St
Oakland, CA 94612
Westlake


HIGHLIGHTS

  • 12-Unit Apartment Building: Eleven (11) large 1-bedroom units and one (1) spacious 2-bedroom unit, totaling approx. 10,117 SF in a highly efficient la
  • Over $110,000 in Annual Upside: Significant rental growth potential through unit turnover and modest upgrades, with one unit delivered vacant at close
  • Recent Capital Improvements: Includes extensive common area renovations and a freshly paved parking lot, enhancing long-term asset quality.
  • Additional Income: Property benefits from dedicated parking and storage income, providing multiple revenue streams beyond base rents.
  • Core Lake Merritt Location: Just steps from Whole Foods, Grand Avenue, Uptown, and a short walk to 19th Street BART, with easy freeway access.
  • Located near Kaiser Permanente and Sutter Health Alta Bates, the property earns a Walk Score of 97, appealing to working professionals.

OVERVIEW

The Mitchell Warren Team is pleased to present 2337 Harrison Street, a well-maintained 12-unit apartment building ideally located in the heart of Oakland’s Lake Merritt neighborhood. Located just blocks from Grand Avenue, Whole Foods, and endless Downtown amenities. The property consists of eleven (11) large 1-bedroom, 1-bathroom units and one (1) spacious 2-bedroom, 1-bathroom unit, providing an attractive and efficient unit mix for investors targeting long-term stability and rental growth. Recent capital improvements include substantial common area renovations and a newly paved parking lot, enhancing curb appeal, tenant experience, and overall asset quality. With over $110,000 in annual rental upside, this property presents a compelling opportunity to increase cash flow and overall investment return. The property is well-positioned for continued demand, low vacancy, and long-term appreciation. 2337 Harrison Street is ideally located in Downtown Oakland, just steps from Lake Merritt and within walking distance to Whole Foods, Grand Avenue, and Uptown’s vibrant dining and entertainment. Less than a mile from the 19th Street BART Station and with quick access to Interstates 580 and 880, the property offers seamless connectivity throughout the Bay Area. Major employers such as Kaiser Permanente and Sutter Health Alta Bates are also nearby, making it highly attractive to working professionals. With a Walk Score of 97, this location offers unmatched urban convenience in one of Oakland’s most desirable neighborhoods.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

12

PRICE/UNIT

$166,250

CAP RATE

6.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

One Block from Lake Merritt | $166K/Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,236 SF

ZONING

-

APN/PARCEL ID

008-0670-005-00

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI GlobalMore Info
707-363-2463

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Timothy WarrenNAI GlobalMore Info
707-363-2463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.