Press Releases
Marcus & Millichap Closes Sale and Arranges Financing for Oakland Multifamily Asset
December 03, 2025
OAKLAND, Calif., Dec. 2, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale and financing of The Amelia, an 83-unit multifamily property in Oakland, California. The property sold for $21 million.
“The Amelia traded at an incredible basis relative to the cost of construction in one of Oakland’s best neighborhoods,” said Eymon Binesh, managing director investments in Marcus & Millichap’s Palo Alto office. “At just over $253,000 per unit, this sale highlights the continued confidence and long-term value investors see in the East Bay multifamily market.” Binesh, Adam Levin, and Robert Johnston, executive managing director, Marcus & Millichap, represented the seller and procured the buyer. “The Amelia demonstrates the continued depth of demand for well-located Bay Area multifamily assets,” said Johnston. “Even in a tighter capital markets environment, investors remain highly motivated to acquire quality properties with long-term fundamentals.” David Campbell, senior managing director with Marcus & Millichap Capital Corporation, arranged acquisition financing.
Located in Oakland’s Pill Hill neighborhood, the property is within walking distance of Alta Bates Summit Medical Center, Kaiser Permanente Oakland Medical Center, Sprouts, Whole Foods, and shopping, dining, and entertainment on Broadway. The neighborhood is easily accessible from Interstate Highways 580 and 880 and Downtown Oakland is with one mile. Bay Area Rapid Transit light rail is a short walk from the property.
Constructed in 2020, The Amelia has a rooftop terrace with barbecues, outdoor gathering spaces on every floor, and gated parking. Apartments have plank flooring, quartz countertops, stainless-steel appliances, in-unit laundry, and air conditioning.
“The Amelia traded at an incredible basis relative to the cost of construction in one of Oakland’s best neighborhoods,” said Eymon Binesh, managing director investments in Marcus & Millichap’s Palo Alto office. “At just over $253,000 per unit, this sale highlights the continued confidence and long-term value investors see in the East Bay multifamily market.” Binesh, Adam Levin, and Robert Johnston, executive managing director, Marcus & Millichap, represented the seller and procured the buyer. “The Amelia demonstrates the continued depth of demand for well-located Bay Area multifamily assets,” said Johnston. “Even in a tighter capital markets environment, investors remain highly motivated to acquire quality properties with long-term fundamentals.” David Campbell, senior managing director with Marcus & Millichap Capital Corporation, arranged acquisition financing.
Located in Oakland’s Pill Hill neighborhood, the property is within walking distance of Alta Bates Summit Medical Center, Kaiser Permanente Oakland Medical Center, Sprouts, Whole Foods, and shopping, dining, and entertainment on Broadway. The neighborhood is easily accessible from Interstate Highways 580 and 880 and Downtown Oakland is with one mile. Bay Area Rapid Transit light rail is a short walk from the property.
Constructed in 2020, The Amelia has a rooftop terrace with barbecues, outdoor gathering spaces on every floor, and gated parking. Apartments have plank flooring, quartz countertops, stainless-steel appliances, in-unit laundry, and air conditioning.
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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.
