Marcus & Millichap Arranges Sale Of 5-Unit Apartment Building In San Leandro, CA, For $565,000

SAN LEANDRO, CA, December 14, 2012– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 1251 141st Avenue, a five-unit apartment property located in San Leandro, California, according to Jeffrey M. Mishkin, First Vice President/Regional Manager of the firm’s Oakland office. The asset commanded a sales price of $565,000

image004David Weglarz, an investment specialist in Marcus & Millichap’s Oakland office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.  The buyer, a private investor, was also secured and represented by David Weglarz.

The subject property consists of four one-bedroom/one-bath units and one two-bedroom/one-bath unit, totaling 3,195 rentable square feet. Built in 1958 of wood construction, 1251 141st Avenue has a concrete foundation, stucco exterior and a tar and gravel roof. The 6,786-square foot lot also contains five covered parking spaces, on-site storage and a laundry room. The complex is ideally located between downtown San Leandro and Bayfair Mall with close proximity to Interstate 580.

About Marcus & Millichap Real Estate Investment Services
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 5,085 transactions in 2011, 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