Buyer Representation
Maxwell Park 18-Unit Apartment Building
Oakland, CA
9,123
sq.ft
Overview
Represented the buyer in the acquisition of 5800 Walnut St, an 18-unit apartment building in Oakland’s Maxwell Park neighborhood. The property was fully stabilized at acquisition, featuring mostly updated studio units, on-site laundry, and a cell tower lease providing ancillary income. Leveraging in-depth underwriting, we identified opportunities to enhance NOI through selective renovations, expense optimization, and monetizing underutilized basement space for storage. The acquisition provided the buyer with strong in-place cash flow, long-term growth potential, and strategic positioning in a supply-constrained submarket.
Value Delivered
Deal Highlights
Location
Purchase Price
$
2,650,000
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