Curated News
By: NewsRamp Editorial Staff
September 02, 2025
Levin Johnston Sells $13.4M Silicon Valley Multifamily Portfolio
TLDR
- Levin Johnston secured a $13.4M sale of three Silicon Valley multifamily properties, providing the seller with capital to acquire larger, stabilized assets and leverage tax benefits.
- The portfolio sale involved three properties totaling 33 units in Menlo Park, Santa Clara, and Sunnyvale, completed by Levin Johnston's team through strategic market timing and buyer sourcing.
- This transaction supports housing stability in high-demand tech hubs, facilitating family legacies and providing quality rental options near major employers in the Bay Area.
- Silicon Valley's median home prices reached $1.6M by 2020, driving rental demand near tech giants like Meta and Google, where these properties are located.
Impact - Why it Matters
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.
Summary
Levin Johnston of Marcus & Millichap, one of the nation's top commercial real estate brokerage teams, has successfully completed the sale of a three-property multifamily portfolio in Silicon Valley for over $13.4 million. The portfolio includes 33 units across properties in Menlo Park, Santa Clara, and Sunnyvale, California. The transaction was handled by the experienced Levin Johnston team consisting of Adam Levin, Robert Johnston, and Jessica Tomasetti, who represented the seller and procured the buyer in this significant deal.
The sale reflects revitalized interest in Silicon Valley real estate following pandemic-driven population outflows, with the team capitalizing on current market conditions and the region's dominance in the AI economy as highlighted by research from the Brookings Institution. The seller, a private investor, was looking to trade vintage assets for fully remodeled properties while strategically leveraging tax benefits and accelerated depreciation schedules. The buyer was attracted to the upside potential of these assets and their diversified locations within established tech hubs with strong employment fundamentals.
The properties feature various amenities including private covered parking, on-site laundry facilities, and in some cases community pools, appealing to a range of potential residents. Their strategic locations provide proximity to major employers like Meta, Intel, Google, and Nvidia, with the high barrier to home ownership in Silicon Valley creating significant demand for rental housing near tech employment centers. This transaction is part of Levin Johnston's growing activity, having completed 52 transactions totaling over $286 million in 2025, with deal volume increasing 60% in Q2 over Q1.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Levin Johnston Sells $13.4M Silicon Valley Multifamily Portfolio
