**Levin Johnston Facilitates $13.4M Sale of Vintage Silicon Valley Multifamily Portfolio**
Levin Johnston of Marcus & Millichap has successfully completed the sale of a three-property multifamily portfolio in Silicon Valley, totaling 33 units. The portfolio, which includes properties in Menlo Park, Santa Clara, and Sunnyvale, was sold for over $13.4 million.
The transaction was handled by Levin Johnston’s team, which includes Executive Managing Directors Adam Levin and Robert Johnston, along with Associate Director of Investments Jessica Tomasetti. The team represented the seller and also secured the buyer.
“The seller held these vintage assets, still largely in their original condition, for several years and was looking to trade into fully remodeled assets,” said Adam Levin. “We identified an opportune time to take advantage of current market conditions and sell the portfolio amidst rejuvenated interest in the Silicon Valley and San Francisco Bay Area and the region’s unmatched employment, networking, and access to high-quality urban and suburban living.”
The properties in the portfolio include:
– 119 Crescent Avenue, a 10-unit property in Sunnyvale
– 700 & 710 Coleman Avenue, a 15-unit property in Menlo Park
– 3331 Princeton Way, an eight-unit property in Santa Clara
The sale underscores strengthening investor demand for well-located multifamily assets in core Bay Area markets, particularly those with value-add potential.
