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BAY AREA NEWS
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Oakland Apartment Property Sells for $4.7 Mil

8/18/17

A four-building, 20-unit apartment community in Oakland’s Piedmont Avenue neighborhood sold for $4.675 mil, or $234k/unit. The property is located at 4114-4134 Howe Street.

The seller, Howe Street Properties LLC, had completed extensive interior and exterior renovations since acquiring the asset in 2014. The improvements included high-end unit remodels and a new foundation on one of the buildings.

Keith Manson and Zachary Greenwood with CBRE represented the seller in the deal. The transaction came in at a cap rate of 3.6%.





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