Marcus & Millichap Arranges the Sale of a 5-Unit Apartment Building in San Leandro

Marcus & Millichap, San Leandro, Oakland, residential real estate news

SAN LEANDRO, CA, February 19, 2015 – 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 1501 166th Avenue, a five-unit apartment property located in San Leandro, CA, according to Jeffrey M. Mishkin, Regional Manager of the firm’s Oakland office. The asset sold for $900,000.

unnamed[1]David Weglarz, Senior Associate 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 one one-bedroom/one-bath duplex, one two-bedroom/one-bath duplex, two two-bedroom/one-bath homes and one three-bedroom/one-bath home, totaling 3,552 rentable square feet. The 17,600-square foot lot sits on two parcels and features ample garage and on-site parking. Located near Bay Fair Mall and the Bay Fair BART Station, 1501 166th Avenue provides quick access to Highway 238 and Interstates 580 and 880.

About Marcus & Millichap (NYSE: MMI)
With over 1,300 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 6,600 transactions in 2013 with a value of approximately $24 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

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