Updated Jul 9, 2026
Marcus & Millichap Brokers $9.7M Sale Of 73-Unit Affordable Housing Community In Oakland
1256 99th Avenue
$9,700,000
Units
73
Asset Type
MultiFamily
Closing
Jul 8, 2026
About this deal
AI
The property involved in the transaction is Garden Villas, a multifamily residential community located at 1256 99th Avenue in Oakland, CA. The sale price of the asset was $9,700,000 for a total of 73 units, resulting in a price per unit of $132,877. The property consists of 18 four-plex buildings, with more than half of the units having undergone renovations.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,700,000
- Units: 73
- Price per Unit: $132,877
- Broker: Adam Levin
- Agency: Levin Johnston Group - Marcus & Millichap
The transaction was represented by the Levin Johnston team from Marcus & Millichap on behalf of both the undisclosed seller and buyer, emphasizing their role in facilitating the agreement.
On the Map
$9,700,000
MultiFamily
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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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93