Bellomy St Portfolio LLC Acquires Santa Clara Multifamily Assets From Marymount Place LLC For $18M

The transaction involved three garden-style apartment buildings located at 1962, 1972 & 1978 Bellomy Street in Santa Clara, totaling 59 units. The properties were acquired by Bellomy St Portfolio LLC from Marymount Place LLC for a sale price of $18,000,000, which equates to a price per unit of $305,085.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,000,000
• Units: 59
• Price Per Unit: $305,085
• Buyer: Bellomy St Portfolio LLC
• Seller: Marymount Place LLC
• Brokers: Adam Levin & Robert Johnston - The Levin Johnston - Marcus & Millichap
• Date: 07/07/2025
• Market: Santa Clara

The deal was facilitated by the Levin Johnston team at Marcus & Millichap, signaling the continued interest in multifamily properties amid Bay Area rent trends and housing shortages. Bellomy St Portfolio LLC intends to implement a value-add strategy following the acquisition.