Levin Johnston's Adam Levin Facilitates $14.7M Multifamily Sale Across Bay Area Locations

The transaction involves five multifamily properties located at 1499 Union Street, 700 El Camino Real, 1327 Ashby Avenue, 305 Lenox Avenue, and 654 Vernon Street within the market areas of San Francisco, Belmont, Berkeley, and Oakland. The total sale price for these assets amounted to $14,700,000, encompassing 60 units at a price per unit of $245,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,700,000
• Units: 60
• Price Per Unit: $245,000
• Broker: Adam Levin - Levin Johnston - Marcus & Millichap

Levin Johnston, a notable team under Marcus & Millichap, successfully closed the five multifamily sales reflecting a strong ongoing interest from investors in Bay Area rental assets. The transactions indicate a supportive environment for renter demand and the performance of multifamily properties across urban submarkets.