Blockchain Registration Transaction Record

Levin Johnston Sells $13.4M Silicon Valley Multifamily Portfolio

Levin Johnston of Marcus & Millichap completes $13.4M sale of three Silicon Valley multifamily properties totaling 33 units in Menlo Park, Santa Clara, and Sunnyvale.

This transaction signals a resurgence in Silicon Valley's real estate market, driven by the region's continued dominance in AI and technology sectors. For investors and market observers, it demonstrates how strategic portfolio adjustments can leverage tax benefits and market timing to maximize returns. The growing demand for rental properties near major tech employers, combined with high home ownership barriers, creates ongoing investment opportunities in multifamily real estate. The increasing transaction volume also indicates broader economic confidence and recovery in commercial real estate markets following pandemic disruptions.