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3/21/22
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A three-property multifamily portfolio located in Oakland's Grand Lake neighborhood recently traded in a $15.8 mil deal. The properties total 55 units ($287.3k/unit) and are located at 344 Monte Vista Ave, 832 Erie St and 791 Kingston Ave.
The Grand Lake Portfolio consists of 23 studio units, 17 one-bedroom units and 15 two-bedroom units with a total collective building size of over 42k sf.
Kent Mitchell, Tim Warren, Alex Lin and Randell Silva of the Mitchell Warren Team at NAI Northern California represented the seller in the transaction. The deal closed at a 3.79% cap rate.
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