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411 29th Street

Eymon Binesh Of Binesh Housing Group Represents Sale Of The Amelia Multifamily In Oakland For $21M
SOLDMultiFamily

Eymon Binesh Of Binesh Housing Group Represents Sale Of The Amelia Multifamily In Oakland For $21M

411 29th Street

$21,000,000

$302/SF

Building Size

69,456 SF

Asset Type

MultiFamily

Closing

Nov 21, 2025

AI

The property asset involved in the transaction is a multifamily building located at 411 29th Street, known as The Amelia, situated in the Oakland market. The sale price was set at $21,000,000, comprising 83 units. The total square footage of the property is 69,456, resulting in a price per unit of $253,012 and a price per square foot of $302.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $21,000,000
  • Units: 83
  • Square Footage: 69,456
  • Price Per Unit: $253,012
  • Price Per Square Foot: $302

The transaction was represented by broker Eymon Binesh from Binesh Housing Group, affiliated with Marcus & Millichap. This detail highlights the professionals involved in facilitating this property sale.

Players

Eymon Binesh

Marcus & Millichap

Broker

$109.8M

vol

7 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93