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Levin Johnston Team Sees Active San Jose Multifamily Market
The Levin Johnston team of Marcus and Millichap said it closed four multifamily transactions in San Jose totaling $7.215 million during March 2023 and reiterated the strength of the San Jose market for multifamily investors.
“Quite contrary to the doom and gloom one might hear from the news, the San Jose market for multifamily investments is active,” said Adam Levin, executive managing director of Levin Johnston. “Thanks to our collaborative approach and expert understanding of the submarkets where we operate, our team closed four multifamily transactions in March, even as the banking crisis in the Bay Area unfolded.”
The closed transactions include:
- 2785 Almaden Rd. – a five-unit multifamily asset sold for $2,250,000.
- 2742 Almaden Rd. – five units, $1,800,000.
- 784 Deland Ave. – six units, $1,590,000.
- 3158 Impala Dr. – six units, $1,575,000.
Levin Johnston completed the transactions on behalf of their private investor clients.
- ◦Sale/Acquisition
