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

Property Image
SOLD
$87,000,000
Cathy Marcus

California

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MultiFamily
Sold 01/08/2026
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Property Image
SOLD

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

881 East El Camino Real

See Similar Deals
MultiFamily
Sold 01/08/2026
Cathy Marcus
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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

JC
4 deals$80M volume
BUYER


Cathy Marcus
PGIM
31 deals$2.6B volume
BUYER

PGIM
BUYER

Details

SOLD
IMAGE: Marshall Boyd, Julia Boyd, Cathy Marcus & Edmund Cheng DATE: 01/08/2026 ADDRESS: 881 East El Camino Real MARKET: Mountain View ASSET TYPE: Multifamily BUYER: Marshall Boyd & Julia Boyd - Interstate Equities Corp.; Cathy Marcus - PGIM SELLER: Edmund Cheng - Mapletree Investments SALE PRICE: $87,000,000 UNITS: 149 ~ PPU: $583,893 NOTE: Interstate Equities Corp. and PGIM acquired the 149-unit apartment building at 881 E. El Camino Real in Mountain View for $87 million, or about $583,900 per unit, from Mapletree, which bought the property in 2015 for $110 million.The four-story property includes one- and two-bedroom units and marks Interstate Equities’ latest South Bay multifamily acquisition.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,639,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$309,092.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$412,424.39
Annual Debt Service$4,949,092.62