Buyer Representation
1031 Exchange Buyer Secures 9-Unit Oakland Asset with Strong In-Place Yield + Penthouse Upside
Oakland, CA
9,038
sq.ft
Overview
This 1031 exchange buyer needed a clean acquisition: steady income now, scalable returns later. 3317 Kempton delivered both. The eight one-bed units were large, updated, and leased—each with private balconies and secure parking inside a gated courtyard. The ninth unit? A sprawling, multi-deck penthouse with elevator access—vacant due to seller mis-marketing, but full of potential. We identified the building as a strong fit for a 5–7 year hold: defensive location, tenant appeal, and layout-driven upside. I led diligence, reviewed third-party reports, supported financing through the buyer’s preferred lender, and provided investment analysis materials for his partner group. Straightforward execution—no surprises, just a smart asset bought right. If you’re in an exchange and need something that performs now and later—we’ll get you the building that fits both sides of the timeline.
Value Delivered
Deal Highlights
Location
Purchase Price
$
2,785,000
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