Levin Johnston Featured in RENTV
A private investor completed a 1031 exchange by selling one Bay Area multifamily property and buying another in separate deals totaling about $7.5 mil. The transactions were for an 18-unit property in Berkeley and a nine-unit asset in San Jose. Adam Levin and Robert Johnston with Levin Johnston represented all the parties in both transactions.
The 1031 exchange began with the sale of a nine-unit multifamily community at 70-74 North 10th St in San Jose, which sold for $3.44 mil ($382k/unit). Situated on nearly half an acre, the community offers one- and two-bedroom floorplans.