Shah Multifamily
Oakland and the East Bay

Overlooked apartment buildings, run the way they should be.

Workforce housing, so cops, teachers and service workers can live in the city they work in.

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Why Shah Multifamily

How we find the deal, and why we buy it.

Shah Multifamily buys undervalued apartment buildings in Oakland and the East Bay, then turns them around by fixing the things that hold them back: poor management, deferred work and empty units.

Oakland, block by block

Pattern recognition across East Bay submarkets—reading streets and buildings one pocket at a time—so purchase decisions match how each neighborhood actually works.

Market signals, applied

We track economic and demographic shifts in the East Bay and use them when we decide what to buy and where.

Broker relationships

Long-standing East Bay multifamily brokers bring us deals off market, because they know we're often the perfect, and sometimes the only, buyer for a property.

Direct seller outreach

Our own direct mail and outreach to owners of distressed buildings—fire-damaged, vacant, behind on payments or facing code issues.

Off-market, first look

We buy straight from owners before a building is listed or widely shopped. OPM, our in-house property management company, and owner relationships help surface those opportunities early.

Built over 20 years of hands-on work: the same operator who buys the building also runs it.

By the numbers

Built one building at a time.

20
Years
11
Properties
125
Units

Units held, by year acquired

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Aerial view of the MacArthur Boulevard apartments in East Oakland
Featured turnaround

MacArthur Park Apartments

East Oakland. Bought in November 2025 after years of mismanagement.

Occupied
98%
from 43% at close
Rent / month
$90K
from $33K at close
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Latest insight
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October 15, 2026

East Bay Multifamily Market Update, Q4 2026: Tight Vacancy, Firmer Rents, and Distress That Isn't Finished

Q4 2026 East Bay and Oakland multifamily update: rents, vacancy, cap rates, price per unit and lender takebacks, written for accredited investors.

Investor list

For accredited investors.

Every investor must be an accredited investor. Before anyone invests, their accredited status will be verified by a third party, as Rule 506(c) requires.

Submitting this form is not an investment and doesn't commit you to anything. It only adds you to our list.

Saj Shah, doing business as Shah Multifamily, and entities he sponsors may from time to time offer securities under Rule 506(c) of Regulation D. Any such offering will be made only by a confidential private placement memorandum and subscription documents, and only to accredited investors whose status has been verified as required by Rule 506(c). Nothing on this website is an offer to sell, or a solicitation of an offer to buy, any security, and it should not be relied on in making an investment decision. The securities have not been registered under the Securities Act of 1933 or any state securities law, have not been approved or disapproved by the SEC or any state regulator, and are subject to transfer restrictions. Investing in private real estate is speculative, illiquid and involves a high degree of risk, including the loss of your entire investment. Past performance is not indicative of future results. Consult your own legal, tax and financial advisers. See the full disclosure at the bottom of this page.

Questions? Email saj@kingofapartments.com or call (510) 330-1899.

Join our investor list. Our offerings are open only to accredited investors (Rule 501(a), Regulation D). I believe I qualify on the basis selected above. I understand that (1) submitting this form is not an investment or commitment and is not an offer to buy securities; (2) any investment will be offered only through a private placement memorandum and subscription documents; and (3) before I may invest, my accredited status must be verified by a third-party verification provider, which may require tax returns, account statements, a credit report or a letter from my CPA, attorney, registered investment adviser or broker-dealer.

Privacy: When you submit this form we store your name, email, phone (if given), the accredited basis you select, your acknowledgment, the date and time, and your IP address (used to prevent spam). It is emailed to Saj Shah, saved in our contact database (HubSpot), and kept in a private backup file that is not publicly accessible. The acknowledgment itself is recorded only in the email and backup file. We use it only to contact you about Shah Multifamily, and we don't sell or share it. Please don't send Social Security numbers or financial documents; accredited verification happens later through a secure third-party portal. To be removed or have your information deleted, email saj@kingofapartments.com.

Unit count is approximate and includes MacArthur’s 4 commercial spaces planned for conversion. MacArthur figures are approximate, at close (November 2025) vs. as of Oct 11, 2026. Figures are scheduled gross rent, not NOI or investor return. Operating costs, debt service and fees apply. Past performance is not indicative of future results.