The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





MULTIFAMILY NEWS
Printer-friendly Version   Email an Associate
Oakland Apartment Property Sells for $15.3 Mil

9/23/16

A local San Francisco buyer paid $15.3 mil for an 84-unit ($182k/unit) multifamily property in Oakland’s Lake Merritt area. The asset, which was acquired in an off-market transaction, is located at 421 East 18th St, at Park Blvd, just three blocks from Lake Merritt.

Built in 1972, the property includes 52 studios, 31 one-bedroom/one-bath units and one one-bedroom plus den managers unit. There are two commercial units on the ground floor and a gated entry to a 19-car parking garage. The property is currently 90 percent leased.

Ben Weil of Paragon Commercial Brokerage represented the buyer in the transaction. The seller, which operates under the name 421 E. 18th Street Partnership, represented themself in the deal.






Return to the Archive page
 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media