Adam Levin & Robert Johnston Of Marcus & Millichap Sell Redwood City Multifamily For $9.3M
616 Canyon Road
$9,300,000
$446/SF
Building Size
20,832 SF
Asset Type
MultiFamily
Closing
Dec 16, 2025
AI
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
Redwood City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93