Jerry Montgomery Buys Oakland Multifamily From Scott Lambert For $1.4M With Brokers Jake Glaser & Spencer Chan
SOLD
$1,400,000
California
See Similar DealsMultiFamily4,088 SF
Sold 09/02/2025
SOLD
Jerry Montgomery Buys Oakland Multifamily From Scott Lambert For $1.4M With Brokers Jake Glaser & Spencer Chan
3800 Greenwood Avenue
See Similar DealsMultiFamily4,088 SF
Sold 09/02/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$342
Total Square Footage:4,088 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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