Opportunity Housing Group Acquires 484-Unit Multifamily Property In Pleasant Hill For $304M

The multifamily property located at 637 Stonebridge Way in Pleasant Hill was recently sold for a total of $304,000,000. The transaction took place on January 10, 2022. This property consists of 484 units, resulting in a per unit price of approximately $628,099.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $304,000,000
• Address: 637 Stonebridge Way
• Market: Pleasant Hill

The buyers of this property were Opportunity Housing Group represented by Lauren Seaver and California Statewide Communities Development Authority. The brokers involved in the transaction were Philip Saglimbeni, Salvatore Saglimbeni, Stanford Jones, and Alex Tartaglia from Institutional Property Advisors, which is a part of Marcus & Millichap.