South San Francisco, CA, – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a seven-unit apartment property located in South San Francisco, CA, according to Jeffrey M. Mishkin, regional manager of the firm’s San Francisco office. The asset sold for $1,850,000.
Philip Batlin, investment specialist in Marcus & Millichap’s San Francisco office and Adam Levin, investment specialist in Marcus & Millichap’s Palo Alto office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust, limited liability company.
The subject property is located at 207 Aspen Avenue in South San Francisco, CA. The property consists of a three-story, hotel style building situated on a 7,312 square feet parcel. This seven-unit apartment complex benefits from an attractive unit-mix of seven, two-bedroom/one-bath units. The kitchens and bathrooms have been recently updated with new appliances and Pergo flooring. The property was constructed in 1963.
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.