Levin Johnston Brokers Sale of 2-Property Portfolio

Belview Heights and Casa Belview in Belmont, Calif., traded for approximately $27 million. The firm represented both parties in the transaction.

By Evelyn Jozsa

1016 Continentals Way, Belmont, Calif.

1016 Continentals Way, Belmont, Calif.

Levin Johnston has arranged the sale of a two-property legacy portfolio totaling 54 units in Belmont, Calif. The properties changed hands for $27.1 million. Levin Johnston represented the seller, a private family, as well as the buyer, a private investor.

The portfolio includes Belview Heights and Casa Belview, located directly across the street from one another at 1015 and 1016 Continentals Way. San Francisco and San Jose are both situated approximately 30 minutes away, via Interstate 280. Additionally, the two communities are close to various shopping and dining options in downtown Belmont, as well as to employers such as Sony, Facebook, Electronic Arts Inc., Visa and Oracle.

“We continue to uncover opportunities for our clients to buy and sell in this increasingly profitable, yet tight, Mid-Peninsula market. Our ability to identify assets with upside potential, and strike at the right moment, is what Levin Johnston is able to provide to our clients,” said Adam Levin, managing director of Levin Johnston, in prepared remarks.

Levin Johnston has recently brokered the record-breaking price-per-unit sale of Velocity at Lawrence Station in Santa Clara, Calif., which commanded $465,250 per apartment.

Image courtesy of Levin Johnston

You May Also Like

The latest multifamily news, delivered every morning.

Most Recent