Marcus & Millichap, a leading commercial real estate firm, recently announced the successful sale of an 18-unit apartment property in San Francisco for $5,675,000. The property is located at 395 Euclid Ave and was marketed by Philip Batlin and Endri Hoxha from Marcus & Millichap’s San Francisco office.
According to Batlin and Hoxha, who are both first VP investments and investment associates at Marcus & Millichap, the seller was an individual trust while the buyer was a limited liability company. This transaction marks the first time in over four decades that this particular property has been on the market.
The well-maintained apartment complex is situated in San Francisco’s desirable Laurel Heights neighborhood. It also includes a bonus vacant non-conforming unit as noted by Marcus & Millichap representatives.
This recent sale highlights continued activity within San Francisco’s multifamily sector as investors seek out prime opportunities for growth and profitability.
