Levin Johnston of Marcus and Millichap Directs Four Multifamily Property Trades Totaling $36.25 Million in Redwood City, CA

 23-unit apartment community, 3530-3540 Farm Hill Boulevard, Redwood City, CA

Adam Levin

REDWOOD CITY, CA – Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully directed four multifamily property trades totaling $36.25 million in Redwood City, California.

 “The Redwood City submarket is a hub of investment activity for buyers seeking to deepen the value of their portfolio, and sellers leveraging current market fundamentals to achieve value,” says Adam Levin, Senior Managing Director of Levin Johnston. “This is a market with high barriers to entry, minimal competitive supply, and an economy that continues to grow rapidly, fueled by tech job growth and rental demand.”

The city posted job growth of 3.8 percent in the past year and is projected to grow by 44.6 percent in the next ten years – higher than the U.S. average of 38 percent.

Robert Johnston

“As this growth and demand continues, we are increasingly generating creative solutions to help multifamily investors create long-term value,” says Robert Johnston, Senior Managing Director of Levin Johnston. “These recent transactions demonstrate the continued strength of the Bay Area multifamily investment market.”

Levin Johnston’s recent transactions include:

$10.45 Million Acquisition of Farm Hill Apartments
$21.8 Million Sale of 180 Flats
$2.1 Million Sale of a Five-Unit Multifamily Property in Silicon Valley
$1.8 Million Duplex Sale in Downtown Redwood City

Contact:

Alex Caswell / Jenn Quader 

Brower Group

(949) 955-7940

acaswell@brower-group.com