The Excedente Portfolio | Offering Memorandum
Executive Summary
The art of extracting premium returns from a
market that stopped expecting them
This offering presents the acquisition of six Oakland multifamily properties operated under a single proven model — one that has consistently produced rents well above market through disciplined upgrading, zero deferred maintenance, and an ownership approach that treats every unit as a premium product in a market that rarely delivers one.
Fifty-seven of eighty units have been upgraded to a standard that commands and sustains rents well above comparable Oakland assets. The remaining twenty-three units represent documented, executable upside — a continuation of the same methodology already validated across the portfolio, with a predictable outcome for a buyer who follows it.
The portfolio is available individually or as a complete package. Either structure delivers the same underlying asset: not simply six apartment buildings, but a repeatable operating model with fourteen years of proof behind it. A proven executable path to an 8.1% Cap Rate.
Investment Highlights
- Six fully stabilized premium Oakland multifamily properties with ZERO deferred maintenance
- All buildings and 57 of 80 units upgraded to a premium standard that commands rents well above the surrounding market and keeps maintenance to a minimum.
- 14 years of documented ownership performance validated through multiple bank refinancing cycles
- 23 unimproved units represent low-risk, executable upside with a proven upgrade methodology already in place
- A replicable operating model that any disciplined buyer can continue building on
Portfolio Overview
| Property | Units | Year Refurbished |
Offer Price | Current NOI | Pro Forma NOI |
|---|---|---|---|---|---|
| 2300 Fruitvale | 8 | 2018 | $1.8M | $100,083 | $208,037 |
| 3000 Nicole Ave | 11 | 2022 | $4.5M | $243,492 | $351,459 |
| 1654 25th Avenue | 13 | 2023 | $3.4M | $166,508 | $308,260 |
| 2335 Market St. | 7 | 2016 | $4.4M | $262,992 | $382,250 |
| 1921 26th Avenue | 18 | 2018 | $4.98M | $328,776 | $348,542 |
| 1929 26th Avenue | 23 | 2019 | $5.5M | $378,000 | $399,680 |
| Portfolio Total | 80 | $24.58M | $1,479,851 | $1,998,228 |