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

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

OAKLAND, CA, March 25, 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 a four-unit apartment property located in Oakland, CA, according to Jeffrey M. Mishkin, regional manager of the firm’s San Francisco office. The asset sold for $888,000.

unnamedJon 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.

The subject property at 200-204 Frisbie Street was constructed circa 1923 on a 4,500-square foot lot (per county records) and is built of wood frame and stucco, over crawl space, with a flat roof and mansard facade.  There is a small patio area to the rear of the property and attractive garden area to the front and side of the building.  The property consists of four large one-bedroom/one-bath units, each with a spacious den.  Units 202a and 202b, upstairs, have the den separated by French Doors with the den being utilized functionally as an additional bedroom (minus closet) and office.

About Marcus & Millichap (NYSE: MMI)
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

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