Marcus & Millichap Arranges the Sale of a 4-Unit Apartment Building

Oakland, CA, – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 25 Monte Vista Avenue, a four-unit apartment property located in Oakland, California, according to Jeffrey M. Mishkin, Regional Manager of the firm’s Oakland office. The asset sold for $1,305,000.

image004Ken McMillen, an investment specialist in Marcus & Millichap’s Oakland office, had the exclusive listing to market the property on behalf of the seller, a private investor.
Constructed in 1908, the subject property consists of four one-bedroom/one-bath units of approximately 950 square feet. Each unit has a private entrance with front and rear doors, as well as redwood floors, a mud room and a 10-foot by 12-foot private deck. The 4,801-square foot lot also contains a laundry room, three storage units and four parking spaces in the rear of the property.

Situated just off of Piedmont Avenue, 25 Monte Vista is within minutes of Kaiser Permanente and Alta Bates Summit Medical Center. Interstate 580 is also conveniently located nearby.

About Marcus & Millichap

With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 6,149 transactions in 2012, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.

West Coast Commercial Real Estate News