Jerry Montgomery Buys Oakland Multifamily From Scott Lambert For $1.4M With Brokers Jake Glaser & Spencer Chan
3800 Greenwood Avenue
$1,400,000
$342/SF
Building Size
4,088 SF
Asset Type
MultiFamily
Closing
Sep 1, 2025
AI
The property asset involved in this transaction is a multifamily unit located at 3800 Greenwood Avenue in Oakland. The sale price was $1,400,000, encompassing a total of 4 units within a square footage of 4,088. The price per unit amounted to $350,000, which along with the sale was also computed as a price per square foot at $342.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 3800 Greenwood Avenue
- Market: Oakland
- Units: 4
- Price Per Unit: $350,000
- Square Footage: 4,088
- Price Per Square Foot: $342
- Buyer: Jerry Montgomery
- Seller: Scott Lambert
- Brokers: Jake Glaser & Spencer Chan - Lyon Stahl Investment Real Estate
The transaction involved key individuals including buyer Jerry Montgomery and seller Scott Lambert, facilitated by brokers Jake Glaser and Spencer Chan from Lyon Stahl Investment Real Estate, emphasizing their roles in successfully completing the deal.
Players
Oakland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93