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
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