Levin Johnston Team Closes Belmont Apartment Sale
Marcus & Millichap arranged the sale and financing of Carlmont Hills Apartments, a 16-unit multifamily property located at 2401 Carlmont Dr. in Belmont. The property sold for $5.75 million or $359,375
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Connect CRE reports that Marcus & Millichap has arranged the sale and financing of Carlmont Hills Apartments, a 16-unit multifamily property in Belmont, California. The transaction reached $5.75 million, working out to roughly $359,000 per unit, with Marcus & Millichap Capital Corporation providing $3.8 million in acquisition financing. Deals of this scale in the Bay Area's tight housing market underscore how much capital continues to flow into smaller multifamily assets.
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Source: Connect CRE, “Levin Johnston Team Closes Belmont Apartment Sale”. Read the original →
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