Updated Nov 6, 2026
Levin Johnston Of Marcus & Millichap Brokers $9.11M Sale Of 39-Unit Multifamily In San Jose
530 North 1st Street
$9,112,000
Units
39
Asset Type
MultiFamily
Closing
Nov 3, 2026
About this deal
AI
The property involved in the transaction is a 39-unit multifamily apartment community located at 523-530 North 1st Street in San Jose, California. The asset was sold for $9,112,000, resulting in a price per unit of $233,641. Built in 1948, the property has value-add potential through further renovations and modernization.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,112,000
- Units: 39
- Price Per Unit: $233,641
- Address: 523-530 North 1st Street
- Market: San Jose, CA
The deal was brokered by Adam Levin and Robert Johnston from Levin Johnston, a division of Marcus & Millichap. Adam Levin, Robert Johnston, and Cole Simpson represented the seller and facilitated the procurement of the buyer in this transaction.
On the Map
$9,112,000
MultiFamily
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San Jose 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
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93