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Levin Johnston Facilitates $25.38M Multifamily Sale In Livermore, California For Private Investor

Property Image
SOLD
$25,375,000

California

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MultiFamily
Sold 06/15/2026
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Property Image
SOLD

Levin Johnston Facilitates $25.38M Multifamily Sale In Livermore, California For Private Investor

1054 Dolores Street & 3819 East Avenue

See Similar Deals
MultiFamily
Sold 06/15/2026
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved a multifamily asset consisting of 84 units located at 1054 Dolores Street & 3819 East Avenue in Livermore, California. The sale price was $25,375,000, resulting in a price per unit of $302,083.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $25,375,000
  • Units: 84
  • Price Per Unit: $302,083
  • Market: Livermore, CA
  • Sale Date: 06/15/2026
  • Broker Representation: Robert Johnston & Adam Levin - Levin Johnston
  • Associated Firm: Marcus & Millichap

Levin Johnston, affiliated with Marcus & Millichap, facilitated a 1031 exchange for a private investor, which included selling the 20-unit Pacific Apartments for $5.625 million and acquiring the 64-unit Briarwood Apartments for $19.75 million. This transaction marked a significant increase in scale and unit count for the investor while maintaining their position within the same East Bay submarket.

Players

Adam Levin
24 deals$475.9M volume(650) 391-1782
BROKER

Robert Johnston
Marcus & Millichap
21 deals$392.8M volume
BROKER

Details

SOLD
IMAGE: Robert Johnston & Adam Levin DATE: 06/15/2026 ADDRESS: 1054 Dolores Street & 3819 East Avenue MARKET: Livermore, CA ASSET TYPE: Multifamily BROKERS: Robert Johnston & Adam Levin (@Levin.Adam) - Levin Johnston (@Levin.Adam) (@LevinJohnstonrealestate) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $25,375,000 UNITS: 84 ~ PPU: $302,083 NOTE: Levin Johnston, a Marcus & Millichap multifamily team, facilitated a 1031 exchange for a private investor in Livermore, California, selling the 20-unit Pacific Apartments for $5.625 million and acquiring the 64-unit Briarwood Apartments for $19.75 million.The trade-up significantly increased scale and unit count while keeping the investor in the same East Bay submarket, reflecting continued demand for larger, well-located multifamily assets in supply-constrained Livermore.

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

$1,353,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$90,152.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$120,290.45
Annual Debt Service$1,443,485.35