Press Releases
Marcus & Millichap Brokers $13.6M Sale of 63-Unit Multifamily Property in Davis, California
November 02, 2026
DAVIS, Calif., Nov. 2, 2026 – 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 Oxford Parkside Apartments, a 63-unit multifamily property located at 1424 Wake Forest Drive in Davis, California. The property sold for $13.6 million, or $215,873 per unit.
“Oxford Parkside attracted significant buyer interest due to its prime location within walking distance of UC Davis and its potential for value creation through renovations,” said Tony DeLoney, senior managing director investments. “After more than 40 years under the same ownership, the property presented an opportunity for the buyer to acquire a well-located asset with plans for substantial interior and exterior improvements.”
DeLoney, Dusty Haeling and David DeLoney, investment specialists in Marcus & Millichap’s Sacramento office, represented the seller. Isaak Heitzeberg, also in the firm’s Sacramento office, represented the buyer, who owns the adjacent Pinion Apartments.
Built in 1973, the 40,068-square-foot property is situated on a 1.50-acre parcel and consists of 63 one-bedroom, one-bathroom units. Community amenities include a swimming pool, fitness room, study room and laundry facilities. The property is located near the University of California, Davis, Oxford Circle Park and The Davis Collection shopping center, with access to Highway 113 and Interstate 80. The buyer plans to undertake extensive renovations, including interior upgrades, landscaping, balcony improvements and exterior painting.
“Oxford Parkside attracted significant buyer interest due to its prime location within walking distance of UC Davis and its potential for value creation through renovations,” said Tony DeLoney, senior managing director investments. “After more than 40 years under the same ownership, the property presented an opportunity for the buyer to acquire a well-located asset with plans for substantial interior and exterior improvements.”
DeLoney, Dusty Haeling and David DeLoney, investment specialists in Marcus & Millichap’s Sacramento office, represented the seller. Isaak Heitzeberg, also in the firm’s Sacramento office, represented the buyer, who owns the adjacent Pinion Apartments.
Built in 1973, the 40,068-square-foot property is situated on a 1.50-acre parcel and consists of 63 one-bedroom, one-bathroom units. Community amenities include a swimming pool, fitness room, study room and laundry facilities. The property is located near the University of California, Davis, Oxford Circle Park and The Davis Collection shopping center, with access to Highway 113 and Interstate 80. The buyer plans to undertake extensive renovations, including interior upgrades, landscaping, balcony improvements and exterior painting.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
