1031 Exchange Buyer Secures 9-Unit Oakland Asset with Strong In-Place Yield + Penthouse Upside

The file

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. I 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—I’ll get you the building that fits both sides of the timeline.