Marcus & Millichap Arranges Sale of 8-Unit Apartment Building in Oakland, CA., for $900,000

OAKLAND, CA, August 8, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 2707 Fruitvale Avenue, an eight-unit apartment property located in Oakland, California, according to Jeffrey M. Mishkin, Regional Manager of the firm’s Oakland office. The asset sold for $900,000.

image004David Wolfe and David Ching, Vice President Investments in Marcus & Millichap’s Oakland office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

The subject property consists of all two-bedroom/one-bath units of approximately 945 square feet. Each unit features large living and dining rooms, hardwood floors, built-ins, and washer-dryer hookups. The 7,828-square foot lot contains a courtyard and secured parking for five cars. 2707 Fruitvale Avenue is just two blocks away from retail, restaurants and a grocery store. The Fruitvale BART Station is 1.3 miles away and Interstates 80 and 580 are also located nearby.

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