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Calvera Partners Acquires Alameda Multifamily Property

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SAN FRANCISCO, May 23, 2019 /PRNewswire-PRWeb/ -- Calvera Partners, a real estate investment firm, has acquired 430 & 450 Buena Vista Avenue, a 52-unit apartment building in Alameda, CA, for $15.95 million. The final acquisition for their current discretionary investment fund, the purchase is part of the firm's ongoing commitment to the repositioning of vintage multifamily properties in the Bay Area. The three-story building, constructed in 1964, will be rebranded with new signage, refreshed landscaping and common areas, and will include comprehensive upgrades to individual units. The property renovation will also address deferred maintenance issues and structural improvements.

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