Marcus & Millichap Arranges $6.65M Sale of 28-Unit Multifamily Property in San Francisco

SAN FRANCISCO, June 9, 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 1275-1281 8th Ave., a 28-unit multifamily property located in San Francisco. The property sold for $6.65 million, or $237,500 per unit.

"This was a highly publicized fire-damaged property that had been awaiting rehabilitation since 2023," said Eymon Binesh, senior managing director. "Its prime Inner Sunset location adjacent to Golden Gate Park generated strong investor interest."

Binesh and Gino Franco, investment specialists both in Marcus & Millichap's San Francisco office, had the exclusive listing to market the property on behalf of the seller, a private family trust, and procured the buyer, a local value-add investor.

"The buyer plans to fully rehabilitate all 28 units," Binesh added. "With strong rent growth and significant upside from the vacancies, we remain bullish on the San Francisco multifamily market."

Built in 1926, the 17,500-square-foot property is situated on a 0.27-acre parcel at the intersection of 8th Avenue and Irving Street. The asset offers immediate access to neighborhood retail, dining, Golden Gate Park, UCSF and multiple public transportation options. The unit mix includes 14 one-bedroom units, 11 two-bedroom units, three studios and four accessory dwelling units.

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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 https://www.MarcusMillichap.com.