|
|
7/24/25
|
In recent multifamily investment news from the Bay Area, two properties totaling 180 units traded in a $55.8 mil 1031 exchange transaction. The properties were Villa De Wright, a 72-unit multifamily asset in Mountain View that went for $22.8 mil, and Metro Fremont, a 108-unit multifamily community in Fremont that fetched $33 mil.
4400-4444 Hansen Ave, Fremont (Photo: CoStar) |
 |
|
Villa De Wright features one- and two-bedroom units set in a tree-lined, park-like campus, with floor plans ranging from 565 sf to 1.1k sf. The complex offers units with features such as double-pane windows, updated kitchen countertops, dishwashers, ceiling fans, ample closet and storage space, and shared laundry facilities. On-site parking includes reserved covered spaces for tenants and visitor parking. The outdoor amenities include a swimming pool, playground, picnic and barbecue areas, gazebo and fire pit.
Located at 1725 Wright St, the community is less than a mile from Caltrain’s Mountain View Station and is minutes from U.S. Highway 101 and State Route 85. Residents benefit from the asset’s proximity to Downtown Mountain View, Castro Street dining, retail, and parks. The location provides easy access to San Jose Mineta International Airport, San Francisco International Airport, and Downtown San Francisco.
Metro Fremont, located at 4400-4444 Hansen Ave, is a 108-unit, resort-style community offering contemporary one- and two-bedroom homes ranging from 494 sf to 875 sf. Apartments are equipped with modern cabinetry, gas ranges, dishwashers, abundant storage, and private patios or balconies. The property amenity mix includes a swimming pool, clubhouse with entertainment kitchen, fitness center, dog park, outdoor barbecue lounges, fire pit, recreation field, bike racks, on site laundry, and covered parking.
The property is in Centerville, a 15-minute walk to the Fremont Amtrak/BART station and a short drive to the mainline Fremont BART hub. Residents have easy access to Interstate 880 and Interstate 680. The area around the complex includes parks, shopping, and dining options. East Bay and Silicon Valley employment centers are within proximity.
Robert Johnston, Adam Levin, and Adam Richardson of the Levin Johnston team of Marcus & Millichap represented the seller in both transactions.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
