Marcus & Millichap Arranges the Sale of a 13-Unit Apartment Building

SAN PABLO, CA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a 13-unit apartment property located in San Pablo, CA, according to Jeffrey M. Mishkin, regional manager of the firm’s San Francisco office. The asset sold for $2,188,000.

Jon Holmquist, an investment specialist in Marcus & Millichap’s San Francisco office, had the exclusive listing to market the property on behalf of the seller, a private investor.

1610, 1630 & 1650 Amador Street in San Pablo, CA is a thirteen-unit apartment complex situated in the desirable foothills of San Pablo, just off of San Pablo Dam Road and Highway 80. The improvements consist of eleven, two-bedroom/one-bath units and two, one-bedroom/one-bath units. The property is comprised of three buildings including two, four-unit buildings, and a five-unit building, all on one parcel. The property was constructed in 1962.

About Marcus & Millichap
With nearly 1,500 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 7,600 transactions in 2014 with a value of approximately $33.1 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.

West Coast Commercial Real Estate News