East Bay Apartment Building Sales

Apartment building sales for East Bay owners

Philip Batlin of Marcus & Millichap has closed 120 Bay Area apartment and mixed use sales since 2009, involving more than 1,000 units across San Francisco, San Mateo County, Santa Clara County and the East Bay. In the East Bay he has closed 9 transactions, including 6 apartment sales in Oakland, Alameda and Hayward, and he currently represents four East Bay listings in Oakland and Alameda.

He represents long term owners, families, trusts and partnerships, and works with 1031 exchange buyers looking for replacement apartment buildings in Alameda and Contra Costa counties.

Current East Bay listings

• 848 International Boulevard, Oakland: 7 unit apartment building
• 476 42nd Street, Oakland: four one bedroom apartments
• 1833 Clinton Avenue, Alameda: a single family home plus a 4 unit building, 5 units total
• 1837 Clinton Avenue, Alameda: in escrow

Listings change quickly. See all available properties.

How we price an East Bay apartment building

Buyers value apartment buildings on income. We start with your rent roll and operating expenses to find net operating income, then measure it against the four numbers buyers check: the cap rate, price per unit, price per square foot and gross rent multiplier (GRM) of similar East Bay buildings that have actually sold. Rent rules matter too: Oakland, Berkeley, Alameda and Hayward each have their own local rent programs that cover many older buildings, and many other properties fall under California's Tenant Protection Act (AB 1482). Request a confidential valuation.

Featured East Bay sales

• 548 105th Avenue, Oakland: 11 units, closed 2020. Philip represented both the seller and the buyer.
• 2910 Birdsall Avenue, Oakland: 6 units, closed 2020. Philip represented both the seller and the buyer.
• 2123 Aldengate Way, Hayward: 4 units, closed 2016. Philip represented both the seller and the buyer.

East Bay transaction history

Philip's East Bay closings: 9 in all, including 6 apartment sales.

• 1511 Sherman St, Alameda: 1 unit, 2026, represented the buyer
• 22528 Main St, Hayward: retail, 2023, represented the buyer
• 10825 Bancroft Ave, Oakland: land, 2021, represented the seller
• Flamingo Mobile Manor, 4400 Gateway Rd, Bethel Island: manufactured housing, 62 units, 2020, represented the buyer
• 548 105th Ave, Oakland: 11 units, 2020, represented the seller and buyer
• 2910 Birdsall Ave, Oakland: 6 units, 2020, represented the seller and buyer
• 2123 Aldengate Way, Hayward: 4 units, 2016, represented the seller and buyer
• 4244 Gilbert Street, Oakland: 5 units, 2014, represented the seller
• 840 to 842 Cedar Street, Alameda: 5 units, 2014, represented the seller

Source: Marcus & Millichap transaction records. Represented the seller and buyer means Philip handled both sides of the sale. See more sold properties.

Frequently asked questions

What is my East Bay apartment building worth?

It depends on your rent roll, expenses, condition, local rent rules and the cap rates buyers are paying for similar buildings nearby. Philip can prepare a confidential broker opinion of value with the comparable sales behind it, with no obligation to list.

Do you handle small buildings?

Yes. Most of our East Bay apartment sales are 4 to 11 unit buildings in Oakland, Alameda and Hayward.

Can I sell my building and buy another through a 1031 exchange?

Yes. Under the federal rules you have 45 days after closing to identify replacement property and 180 days to complete the purchase, so it pays to plan the sale and the replacement search together. Learn more on our 1031 exchange page, and talk to your tax advisor about your situation.

Can I sell confidentially?

Yes. Many owners prefer a quiet, off market sale to a short list of qualified buyers. Ask about our off market approach.

Talk to Philip

Call Philip Batlin at (415) 625-2189 or request a confidential valuation. Also see our work in San Francisco, San Mateo County and Santa Clara County.