SAN CARLOS, CA -– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of the Laurel Theater Apartments, (top right photo) a 42-unit multi-family community with 3,006 square feet of ground-floor commercial space in San Carlos.
Tom Doglio, a vice president investments and director of Marcus & Millichap’s National Multi-Housing Group in Palo Alto, represented the seller, Laurel Theater Apartments LLC. Doglio also represented the buyer, D&D Laurel Theater Apartments LLC.
Built in 2000, Laurel Street Apartments features a mix of one- and two-bedroom units. Amenities include kitchens with a full-size refrigerator, oven/range, dishwasher and garbage disposal and bathrooms with quality porcelain fixtures and a tub/shower combination and lighted mirrors above the vanity. Some apartments include individual washer/dryer hookups, and 17 units include washers and dryers.
Press Contact: Stacey Corso
Communications Department
(925) 953-1716
The sale price of $9.9 million represents $225,000 per unit.
Tom Doglio, a vice president investments and director of Marcus & Millichap’s National Multi-Housing Group in Palo Alto, represented the seller, Laurel Theater Apartments LLC. Doglio also represented the buyer, D&D Laurel Theater Apartments LLC.
“The property was an excellent opportunity for the investor to acquire a recently constructed, high-quality apartment community with outstanding stability and long-term appreciation in one of the best rental locations in the San Francisco Bay 
Area,” says Doglio.
Area,” says Doglio. Located at 1500 Laurel St., the 32,270-square foot apartment community is situated on a .63-acre lot, only one block from Trader Joe’s and Walgreens and near White Oaks single-family residential neighborhood. 
Built in 2000, Laurel Street Apartments features a mix of one- and two-bedroom units. Amenities include kitchens with a full-size refrigerator, oven/range, dishwasher and garbage disposal and bathrooms with quality porcelain fixtures and a tub/shower combination and lighted mirrors above the vanity. Some apartments include individual washer/dryer hookups, and 17 units include washers and dryers.
Press Contact: Stacey CorsoCommunications Department
(925) 953-1716
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