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

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SOLD
$21,000,000

California

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MultiFamily69,456 SF
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Eymon Binesh Of Binesh Housing Group Represents Sale Of The Amelia Multifamily In Oakland For $21M

411 29th Street

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MultiFamily69,456 SF
Sold
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$302
Total Square Footage:69,456 SF
Transaction Type:Sale

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
6 deals$103.2M volume(650) 546-1030
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Eymon Binesh DATE: 11/21/2025 ADDRESS: 411 29th Street - The Amelia MARKET: Oakland ASSET TYPE: Multifamily BROKER: Eymon Binesh (@Eymon.B) - Binesh Housing Group - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $21,000,000 UNITS: 83 ~ PPU: $253,012 SF: 69,456 ~ PPSF: $302

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,120,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56