Marcus & Millichap Sells A Six-Unit Apartment Building

SAN FRANCISCO, CA, November 16, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a six-unit apartment property located in San Francisco, CA, according to Jeffrey M. Mishkin, FVP/Regional Manager of the firm’s San Francisco office. The asset commanded a sales price of $2,168,000.

Sanford G. Skeie and John Antonini, investment specialists 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 (164 23rd Avenue) is a six-unit unit property located between California and Lake Streets in the Lake Street District. Located half block from prestigious Seacliff and a short walk to shopping, restaurants, and public transportation. The top floor three-bedroom/two-bath is vacant. It offers a master bathroom, eat-in kitchen, and a small den/office with an attached deck. Both towers of the Golden Gate Bridge are visible from the deck. The property was constructed in 1964.

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 5,085 transactions in 2011, 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.

West Coast Commercial Real Estate News