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881 East El Camino Real

Marshall Boyd And Julia Boyd Of Interstate Equities Corp. Acquire Mountain View Multifamily For $87M
SOLDMultiFamily

Marshall Boyd And Julia Boyd Of Interstate Equities Corp. Acquire Mountain View Multifamily For $87M

881 East El Camino Real

$87,000,000

Building Size

Asset Type

MultiFamily

Closing

Jan 8, 2026

AI

The multifamily asset at 881 East El Camino Real in Mountain View includes a total of 149 units and has a sale price of $87 million, resulting in a price per unit of approximately $583,893. The four-story building features a mix of one- and two-bedroom apartments and is situated in a market known for its demand in multifamily housing.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $87,000,000
  • Units: 149
  • Price Per Unit: $583,893
  • Buyer: Marshall Boyd & Julia Boyd - Interstate Equities Corp.; Cathy Marcus - PGIM
  • Seller: Edmund Cheng - Mapletree Investments
  • Date of Transaction: 01/08/2026
  • Address: 881 East El Camino Real
  • Market: Mountain View

The transaction involved buyers Marshall Boyd and Julia Boyd from Interstate Equities Corp. along with Cathy Marcus from PGIM, purchasing the property from Edmund Cheng who represented Mapletree Investments. This acquisition represents the latest significant addition to Interstate Equities’ portfolio in the South Bay region.

Players

Julia Boyd Corso

Interstate Equities Corp.

Buyer

$80M

vol

4 deals

Buyer
PGIM
PGIM Buyer

Mountain View MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93