Premier Business Centers

The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 6, 2021
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Two Bay Area Apartment Sales Total $20 Mil


We have comp info on two recent Bay Area two multifamily property sales totaling $19.88 mil. The deals, which include a 33-unit apartment community in Redwood City and a 25-unit apartment community in Mountain View, were both brokered by Adam Levin, Robert Johnston and Eymon Binesh with Levin Johnston, of Marcus and Millichap.

In one transaction, Redwood Apartments, a 33-unit multifamily community located at 200 Dumbarton Ave in Redwood City, sold for $10 mil, or $303k/unit. Originally constructed in 1964, Redwood Apartments features one- and two-bedroom apartments, on-site laundry, covered carport parking and secured gated entry.

Redwood Apartments offers renters close proximity to the nationís top tech employers including Google, Oracle, Facebook, Visa, Sony and many others. In addition, Stanford University is constructing its first major satellite campus in Redwood City.

The other transaction was for a 25-unit apartment community in Mountain View, which sold for $9.88 mil ($395k/unit). The property is located on just under one acre at 620 Alamo Ct, within minutes from many distinguished universities including Stanford University, Santa Clara University and Menlo College. As part of the Silicon Valley, the property is in close proximity to high-tech companies such as Google, Adobe, Apple, Yahoo and Facebook, among others. Alamo Park offers tenants one- and two-bedroom units, a secluded central courtyard, swimming pool and on-site laundry.

Return to the Archive page




Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2021 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media