Adam Levin & Robert Johnston Of Marcus & Millichap Sell Redwood City Multifamily For $9.3M
SOLD
$9,300,000
California
See Similar DealsMultiFamily20,832 SF
Sold
SOLD
Adam Levin & Robert Johnston Of Marcus & Millichap Sell Redwood City Multifamily For $9.3M
616 Canyon Road
See Similar DealsMultiFamily20,832 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$446
Total Square Footage:20832 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 616 Canyon Road in Redwood City. The sale price reached $9,300,000, encompassing a total area of 20,832 square feet, which equates to a price per square foot of $446.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,300,000
- Address: 616 Canyon Road
- Market: Redwood City
- Total Square Footage: 20,832
- Price Per Square Foot: $446
- Brokers: Adam Levin & Robert Johnston - The Levin Johnston - Marcus & Millichap
- Transaction Date: 12/16/2025
Adam Levin and Robert Johnston represented the buyer in this transaction, acting through The Levin Johnston under the Marcus & Millichap banner. Their expertise in handling multifamily property transactions contributed to the successful completion of this sale.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$496,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,040.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,086.74
Annual Debt Service$529,040.94
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