Alcheck Properties Acquires 69-Unit Belmont Complex for $32 Million

Sale represents 20 percent discount from pre-pandemic price but signals growing investor confidence in Bay Area multifamily sector A Los Altos-based family investment firm has purchased a 69-unit apartment complex in Belmont for $32 million (around $464,000 per unit), marking another data point in the Peninsula's gradual multifamily market recovery following years of pandemic-driven volatility. […]