Walker & Dunlop recently facilitated the sale of The Arlington, a 63-unit multifamily community located in Burlingame, just south of San Francisco. Despite a slowdown in the local multifamily and apartment market during 2022 and 2023, W&D’s Northern California Investment Sales team successfully arranged the transaction at an impressive cap rate of 4.17% and price per square foot of $556.
Nate Oleson, Rob LeDoux, and Matt Neault expertly represented both parties involved in this undisclosed deal. One notable advantage that contributed to the success of this sale was The Arlington’s exceptional physical condition – a result of significant capital investments made by the seller as noted by Walker & Dunlop.
The property boasts various studio and one-bedroom apartments as well as a luxurious top-floor penthouse unit. Residents also have access to numerous community amenities for their enjoyment.
This recent accomplishment further solidifies Walker & Dunlop’s reputation as leaders in facilitating successful real estate transactions within Northern California.
