Oakland, CA – August 22, 2023 NAI NorCal’s Mitchell Warren Team is excited to announce their most recent closing of 237-263 41st Street in Oakland. Representing both the buyer and seller, the team successfully closed at a sale price of $11,650,000.
237-263 41st Street offered two side-by-side twenty-four-unit apartment buildings with a mix of one and two-bedroom units. The properties feature a 99 walk score and are considered a “Walker’s Paradise” by walkscore.com and have an excellent location steps from Piedmont Avenue, Oakland’s premier shopping district. Amenities include 46 covered parking spaces, storage closets, and four on-site laundry rooms. Residents also have close access to the MacArthur BART Station just 0.7 miles away.
This deal is the first $10M+ multifamily sale in Oakland for 2023 and only the 3rd multifamily sale in Alameda County for $10M+ in 2023.
The Mitchell Warren Team comprises Senior Vice President Kent Mitchell; Senior Vice President Tim Warren; Senior Investment Advisor Alex Lin; and Investment Advisor Randell Silva.
