Multifamily Investment In Bay Area Remains Active: Levin Johnston Group Announces 17 Transactions Totaling Over $238MM

BAY AREA, Calif., (January 10, 2018) – Levin Johnston Group, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has wrapped up Q4 2017 with an additional 17 transactions in the multifamily sector of the Bay Area market totaling over 610 units and $238 million.

“Levin Johnston Group specializes in services that are far beyond transactional. We truly are wealth and investment advisors for our clients, and our track record attests to our results,” states Adam Levin, Senior Managing Director of Levin Johnston Group. “With an in-depth knowledge of the Bay Area market, we are able to help our clients identify secure investments that deliver strong returns for the long term.”

Levin notes that employment fundamentals, both in numbers and in average salaries, has played a prominent role in the active multifamily investment market in Silicon Valley.

Robert Johnston, Senior Vice President of Levin Johnston Group

“We are fortunate to specialize in a market so close to major companies such as Apple, Google and Amazon, as well as many other firms that share the same talent pool and employee lifestyle sensibilities,” notes Robert Johnston, Senior Vice President of Levin Johnston Group. “By tapping into the potential of this market and navigating local nuances, we are able to support our Clients in leveraging the strength of this market and achieving strong value creation in their investments.”

The 17 multifamily transactions Levin Johnston Group has directed include:

• Arbordale Gardens Apartments
Levin Johnston represented the buyer and the seller, both private owners, in this $27,750,000 transaction. This multifamily property consists of 72 units and is located just 2.3 miles from the TESLA Headquarters with tremendous upside potential in rental income. Arbordale Gardens Apartments is located at 42010 Blacow Road in Fremont, California.

• The Bungalows at Mathilda
Levin Johnston successfully directed the $26 million sale of this 68-unit multifamily property on behalf of both the buyer and the seller, both of which are private owners. This property is in close proximity to the Microsoft headquarters as well as other large tech companies. The Bungalows at Mathilda is located at 126 W. Ahwanee Avenue in Sunnyvale, California.

• Colony Manor
The $18.6 million sale of this 40-unit multifamily asset was directed by Levin Johnston on behalf of the buyer and seller. This site is located at 1660 Hollenbeck Avenue in Sunnyvale, California.

• Mosaic Apartments
Levin Johnston completed the $15.9 million sale of this 41-unit multifamily property on behalf of the buyer and the seller, both private owners. The Mosaic Apartments is located at 1660 Gordon Street in Redwood California.

• Glen Eyrie Towers
This 30-unit multifamily property sits just one mile from two major highways and is in walking distance to various downtown amenities. The $10.6 million acquisition was directed by Levin Johnston on behalf of the buyer and is located at 101 Glen Eyrie in San Jose, California.

• Sol @ Campbell
Levin Johnston Group successfully completed this $10 million transaction on behalf of the buyer and seller. This 26-unit property is located in the heart of Silicon Valley at 350 Dunster Drive in Campbell, California.

• 67-Unit Portfolio in Santa Clara
Levin Johnston has also completed the transaction of a 67-unit portfolio in Santa Clara, California totaling $24.9 million. The portfolio consists of four separate multifamily properties near major employers including Apple, Microsoft, Intel and Amazon. Levin Johnston represented the buyer, a private investor, and the seller, a private owner in this deal. The properties are located at 1962 Bellomy Street, 1972 Bellomy Street, 1978 Bellomy Street and 470 California Street in Santa Clara, California.

• Multifamily Acquisition on Elm Street
Levin Johnston successfully directed the acquisition of a 20-unit multifamily property near Downtown San Mateo. Located at 131 Elm Street, the property was acquired by a private owner for a total of $9.3 million. Levin Johnston represented the buyer in this transaction.

• Villa Fairlane
Levin Johnston completed the transaction of a 35-unit multifamily property situated on 0.82 acres of land for $9,050,000. Levin Johnston represented both the buyer and the seller in this deal. The property is located at 264 La Pala Drive in San Jose, California.

• Delano Apartments
Located next door to Villa Fairlane, 35-unit Delano Apartments also sold for $9,050,000. Levin Johnston Group represented both the buyer and the seller in the transaction. The property is located at 272 LA Pala Drive in San Jose, California.

• Mountain View Multifamily Disposition
Levin Johnston Group directed the sale of a 20-unit multifamily property for $8.2 million. Levin Johnston represented the seller, a private family partnership, in this transaction. The building is located at 500 Chiquita Avenue in Mountain View, California – in close proximity to major employers such as Google and LinkedIn.

• Hayward Disposition
Levin Johnston successfully directed the $1.4 million disposition of an 8-unit multifamily property with tremendous value-add potential. Located at 22242 Western Boulevard in Hayward, the site is in walking distance to both Downtown Hayward and the local BART station.

Levin Johnston Group is one of the top multifamily brokerage teams in the U.S. specializing in wealth management through multifamily and commercial real estate investments. With a focus on growing and sustaining wealth for each and every Client, the Levin Johnston team is expert in investment sales and acquisitions, value-driven asset management, 1031 exchanges, and ongoing advisory services. Since its inception, Levin Johnston Group has directed more than $2 Billion in transactions, resulting in stable risk-adjusted returns for investors throughout the U.S. Levin Johnston Group is part of Marcus & Millichap’s Palo Alto office.

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