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10/11/24
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A 29-unit multifamily asset in Oakland sold for $8.5 mil, or $293k unit. The property is located at 765 Rand Ave, in Oakland's Lakeshore neighborhood between Lakeshore and Grand Avenues.
The property offers tenants access to numerous eateries and retail establishments all within walking distance. Amenities include a 28-space parking garage, four on-site laundry rooms, private balconies, and fireplaces in select units. The seller had completed a number of capital improvements including a new roof, vinyl windows, and exterior paint.
Tim Warren, Kent Mitchell, Randell Silva, Adam Beeri and Nicholas Mowers with NAI Capital Commercial represented the buyer and the seller, both local private investors.
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