Marcus & Millichap Arranges The Sale Of A Five-Unit Apartment Building

San Francisco, CA, – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a five-unit apartment property located in San Francisco, CA, according to Jeffrey M. Mishkin, regional manager of the firm’s San Francisco office. The asset sold for $3,500,000.

image003Sanford G. Skeie and Zoran Labudovski, investment specialists in Marcus & Millichap’s San Francisco office, had the exclusive listing to market the property on behalf of the seller, a private investor.

This attractive property is a Mediterranean tile and stucco building, including a dramatic owner’s penthouse, and four other exceptional apartments.

Per County records it was built in 1932, and is 6,030 square feet. The current owner, for 49 years, has occupied the seven room top floor penthouse, and also one of five room apartments below (#303), which is connected by a private staircase. These two units, and four of the five separate garages, will be delivered vacant at closing.

The top floor penthouse includes a large living room with hardwood floors, French doors and barrel ceiling, tile kitchen and attractive dinette. This casual dining area with leaded glass doors leads to a large solarium with skylights, tile floors, and one full wall of windows facing Waller Street, a TV room that leads to two bedrooms and a tiled master bath with step down shower, dual sinks, and large opaque east facing windows.

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