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9/02/25
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A Silicon Valley multifamily portfolio consisting of three properties totaling 33 units traded hands in a deal valued at around $13.4 mil ($406k/unit). The assets are located in Menlo Park, Santa Clara, and Sunnyvale.
700-710 Coleman Ave, Menlo Park |
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One of the properties is a 15-unit community at 700 and 710 Coleman Ave in Menlo Park, between the city’s downtown and downtown Palo Alto. It is close to employers like Meta and SRI International, which is currently redeveloping its 63-acre headquarters within a mile of the community. The property offers one- and two-bedroom floorplans, private covered parking, and on-site laundry facilities.
Also part of the sale is an eight-unit property at 3331 Princeton Way in Santa Clara. The building is near the city’s major employers, with over 12,000 businesses including Applied Materials, Hewlett-Packard, Intel, Nvidia, Oracle, and Ericsson, among others. The property features one-bedroom floorplans, a community pool, private covered parking, and on-site laundry facilities.
And the third property in the portfolio is a 10-unit asset at 119 Crescent Ave in Sunnyvale. It offers excellent access to transportation key highway corridors that intersect Sunnyvale, as well as to the city’s major employers including Intel, LinkedIn, Lockheed Martin, Google, and Intuitive Surgical. The property consists of two- and three-bedroom floorplans, private covered parking, and on-site laundry facilities.
The Levin Johnston team of Adam Levin, Robert Johnston, and Jessica Tomasetti represented the seller and procured the buyer in the transaction. According to Levin, the seller held these vintage assets, still largely in their original condition, for several years before deciding to trade into two larger, more stabilized assets in the Silicon Valley and East Bay.
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