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Marcus & Millichap Brokers $9.7M Sale of Affordable Community in Oakland, California
OAKLAND, CALIF. — Marcus & Millichap has arranged the $9.7 million sale of Garden Villas, an affordable apartment property located at 1256 99th Ave. Oakland. Adam Levin of Marcus & Millichap’s Levin Johnston team represented the undisclosed seller and procured undisclosed buyer in the deal. Constructed in 1943, Garden Villas consists of 18 four-plex buildings offering a total of 73 one- and two-bedroom units. Community amenities include a leasing office, laundry facility, recreation space, onsite manager’s residence and private parking. More than half of the units have been renovated with updated kitchens and interiors, dishwashers, vinyl plank flooring, tiles and other modern finishes.
OAKLAND, CALIF. — Marcus & Millichap has arranged the $9.7 million sale of Garden Villas, an affordable apartment property located at 1256 99th Ave. Oakland. Adam Levin of Marcus & Millichap’s Levin Johnston team represented the undisclosed seller and procured undisclosed buyer in the deal. Constructed in 1943, Garden Villas consists of 18 four-plex buildings offering a total of 73 one- and two-bedroom units. Community amenities include a leasing office, laundry facility, recreation space, onsite manager’s residence and private parking. More than half of the units have been renovated with updated kitchens and interiors, dishwashers, vinyl plank flooring, tiles and other modern finishes.
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