Marcus & Millichap Arranges $8.6M Sale and $6M Financing of 71-Unit Multifamily Property in Oakland, California

OAKLAND, Calif., Nov. 10, 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 and financing of 2425 Valdez St., a 71-unit multifamily property in Oakland. The property sold for $8.6 million or $121,126 per unit. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged $6,020,000 in acquisition financing.  

“This transaction provided the buyer with the opportunity to acquire newer-construction efficiency studios at an exceptionally low basis,” said Eymon Binesh, senior managing director investments. “The property’s newer construction and location near downtown Oakland and BART made it a compelling acquisition for the buyer.” 

Binesh and Dante Giacomini, investment specialists in Marcus & Millichap’s San Francisco office, represented the buyer, a private investor. The seller was a private lender. Chad O'Connor, executive managing director in the firm's San Diego office, secured the financing with a national bank on behalf of the buyer. The loan features a three-year term at 70 percent loan-to-value with a 6.2 percent interest rate, one year of interest-only payments, and a 29-year amortization period. 

“San Francisco’s affordability constraints continue to push renters across the Bay, and Oakland is well-positioned to capture that demand,” said Giacomini. “From a commute standpoint, parts of Oakland are effectively closer to downtown San Francisco than many neighborhoods within San Francisco itself. Combined with limited new supply and the flexibility of newer construction, that creates a compelling long-term investment thesis.” 

Built in 2016, the 22,790-square-foot property is situated on a 0.14-acre parcel in Oakland and consists of 71 units. The property is located near downtown Oakland and the 19th Street BART station, providing residents with access to employment, dining, retail and transportation throughout the Bay Area.