29 Units Across San Francisco’s Haight Ashbury & Ashbury Heights Trade for $14.6MM

Marcus & Millichap, San Francisco
1040 Ashbury Street

SAN FRANCISCO – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a three-property multifamily portfolio. Located in the Haight Ashbury and Ashbury Heights neighborhoods of San Francisco, the portfolio consists of 29 apartment units that sold for a total price of $14.6 million.

Nick Bonn, senior associate and Clinton Textor, senior vice president in Marcus & Millichap’s San Francisco office, represented the buyer. “The portfolio totaled 27,922 square feet and was 62% occupied at close of escrow,” noted Bonn.

1900 Page Street

The properties are: 1900 Page Street, a nine-unit asset that sold for $4.95 million; 1077 Ashbury Street, an 11-unit property that sold for $4.8 million; and 1040 Ashbury Street, a nine- unit asset that brought $4.85 million. 

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors.

1077 Ashbury Street

West Coast Commercial Real Estate News