Marcus & Millichap Brokers $20.2M Sale Of 39-Unit Multifamily Property In Belmont

El Dorado Apartments is a multifamily property located at 2101 Carlmont Drive in Belmont. The asset is comprised of 39 units, with a price per unit of $517,949, leading to a total sale price of $20,200,000. The transaction is indicative of current trends in the market, reflecting the continued investor demand for upgraded, smaller multifamily assets.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,200,000
• Units: 39
• Price per Unit: $517,949
• Date of Sale: 05/05/2026
• Address: 2101 Carlmont Drive
• Market: Belmont

Robert Johnston, Adam Levin, and Arman Sadigh from Marcus & Millichap represented both the undisclosed seller and buyer in this transaction. Their involvement underscores the agency's role in facilitating significant deals within competitive markets.