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Pair of Mid-Peninsula MF’s Trade for $27M
Marcus & Millichap handled the $27.1 million sale of a two-property legacy multifamily portfolio totaling 54 units in the Bay Area’s Mid-Peninsula market of San Mateo County. The two communities, Belview Heights and Casa Belview, are located directly across the street from one another at 1015 and 1016 Continental Way in Belmont, CA.
Belview Heights was built in 1977 by the unnamed seller, which commissioned a renowned Swedish architect to design the property. Casa Belview was built in 1973 by a Pan American World Airways pilot to serve as an investment and a gathering spot for PanAm pilots and flight attendants during overnights in the Bay Area.
A Marcus & Millichap team of Adam Levin and Robert Johnston handled the sale on behalf of the seller, which was the original developer of one of the assets, and procured the undisclosed private investor buyer.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




