2/8/2008

61-unit multi-family on the block for $10.5M in Oakland suburb

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Otis Terrace Apartments

Marcus & Millichap Real Estate Investment Services has been hired to market the Otis Terrace Apartments in Alameda, Calif., with an asking price of $10.5 million, or $172,131 per unit.

Kevin Turner and Jon Holmquist, directors in Marcus & Millichap's National Multi Housing Group are representing the seller in the offering.

The 61-unit apartment complex is located at 2149 Otis Drive and contains 60,439 square feet. It contains a unit mix of one, two and three-bedroom units and is situated across the street from the community center and two blocks from Alameda Hospital.

Address: 2149 Otis Drive, Alameda, Calif.

Size: 61 units/60,439 square feet

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Filed Under: Multi-Family

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