Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 24, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





NORTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
Four Multifamily Properties Trade in Deals Totaling Over $7 Mil

5/19/23

Here’s a quick look at four multifamily transactions totaling $7.215 mil in San Jose that closed during March 2023. The properties have a combined 22 units. The closed transactions consist of:

• 2785 Almaden Road – a five-unit multifamily asset sold for $2.25 mil ($450k/unit)
• 2742 Almaden Road – a five-unit multifamily asset sold for $1.8 mil ($360k/unit)
• 784 Deland Avenue – a six-unit multifamily asset sold for $1.59 mil ($265k/unit)
• 3158 Impala Drive – a six-unit multifamily asset sold for $1.575 mil ($262.5k/unit)

Levin Johnston brokered the deals on behalf of their private investor clients.

San Jose continues to grow as other areas in California shrink. In 2023, San Jose’s population is estimated to increase by 0.66% to over 1.82 million people. Overall, in the Bay Area, there is an ongoing imbalance of housing demand and supply which makes multifamily investments in the region a strategic long-term opportunity. In 2022, the metro areas of San Jose, which includes Santa Clara and Sunnyvale, were suffering from the worst housing supply crisis in the country.





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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media