SAN FRANCISCO, CA, March 6, 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 six-unit apartment property located in San Francisco, CA, according to Jeffrey M. Mishkin, regional manager of the firm’s San Francisco office. The asset sold for $1,415,000.
Joseph Levy and Zoran Labudovski, investment specialists in Marcus & Millichap’s San Francisco office, had the exclusive listing to market the property on behalf of the seller, a partnership.
The subject property is located at 3267 19th Street in San Francisco, CA. The property consists of six one-bedroom/one-bathroom units. They are four-room one-bedrooms with a living room entrance. There is a hallway going to the bedroom, bathroom, and kitchen. Each unit has wall heaters and hardwood floors. The bathrooms have linoleum tiles and shower-tubs with sliding glass doors. They are metered separately for gas and electric and master-metered for water. The subject property was constructed 1900.
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