Buyer Representation

Buyer Representation

Buyer Representation

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

Performed detailed underwriting and financial modeling to validate acquisition at 6.14% cap rate

Performed detailed underwriting and financial modeling to validate acquisition at 6.14% cap rate

Performed detailed underwriting and financial modeling to validate acquisition at 6.14% cap rate

Identified upside potential via unit turn program and additional storage income from basement

Identified upside potential via unit turn program and additional storage income from basement

Identified upside potential via unit turn program and additional storage income from basement

Evaluated and incorporated ancillary income from existing T-Mobile cell tower lease

Evaluated and incorporated ancillary income from existing T-Mobile cell tower lease

Evaluated and incorporated ancillary income from existing T-Mobile cell tower lease

Analyzed market rent trends to project sustained growth and protect downside risk

Analyzed market rent trends to project sustained growth and protect downside risk

Analyzed market rent trends to project sustained growth and protect downside risk

Coordinated due diligence and financing to align with client’s investment return targets

Coordinated due diligence and financing to align with client’s investment return targets

Coordinated due diligence and financing to align with client’s investment return targets

Deal Highlights

Off-Market Deal

Off-Market Deal

1031 Buyer/Seller

1031 Buyer/Seller

Rental / Income Property

Rental / Income Property

TIC or Condo Structure

TIC or Condo Structure

Value-Add or Renovation Play

Value-Add or Renovation Play

Repeat Client

Repeat Client

Dual Agency

Dual Agency

Financing Was a Key Factor

Financing Was a Key Factor

Location

Purchase Price

$

2,650,000

Want to understand how this approach applies to your property or situation? Let’s talk strategy.

Angus MacDonald
Broker

Angus MacDonald
Broker

Angus MacDonald
Broker

Get in Touch

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