Marcus & Millichap Negotiates the Sale of an 18-Unit Multifamily Property in San Francisco

SAN FRANCISCO, May 30, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of an 18-unit apartment property located in San Francisco, California. The asset sold for $5,675,000.

“This is the first time this property has been on the market in over 40 years,” said Philip Batlin, first vice president investments in the firm’s San Francisco office. Batlin, along with Endri Hoxha, investments associate in Marcus & Millichap’s San Francisco office, had the exclusive listing to market the property on behalf of the seller, an individual trust. The buyer, a limited liability company, was also procured by Batlin and Hoxha.

This multifamily asset is located at 395 Euclid Avenue in San Francisco, California. All units consist of a large one-bedroom/one-bath floor plan.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.