{"id":508798,"date":"2026-10-26T21:56:08","date_gmt":"2026-10-26T21:56:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/508798\/"},"modified":"2026-10-26T21:56:08","modified_gmt":"2026-10-26T21:56:08","slug":"levin-johnston-closes-apartment-sale-in-one-of-san-joses-strongest-submarkets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/508798\/","title":{"rendered":"Levin Johnston Closes Apartment Sale in One of San Jose&#8217;s Strongest Submarkets"},"content":{"rendered":"<p class=\"wp-block-paragraph\">\u00a0Levin Johnston of Marcus &amp; Millichap recently completed the sale of First Street Manor, a 39-unit apartment community in San Jose. Executive managing directors Adam Levin and Robert Johnston, along with senior director, investments Cole Simpson, represented the seller and procured the buyer in the $9.112-million transaction.<\/p>\n<p class=\"wp-block-paragraph\">The Levin Johnston team demonstrated the asset\u2019s upside potential and runway for growth amid strong market fundamentals, helping all parties navigate the deal and bringing it to a successful close, according to Levin.<\/p>\n<p class=\"wp-block-paragraph\">\u201cWhile previous ownership had maintained the asset and completed roofing and interior renovations, the 1948-vintage property still offers significant opportunity for enhancement and modernization to add to the curb appeal,\u201d said Levin. \u201cFor the seller, this was a chance to move out of a more management-intensive holding and capitalize on the market to redeploy into a strategy that fits their goals. For the buyer, it is a value-add opportunity in one of San Jose\u2019s strongest rental submarkets, with real upside still to capture.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0Levin Johnston of Marcus &amp; Millichap recently completed the sale of First Street Manor, a 39-unit apartment community&hellip;\n","protected":false},"author":2,"featured_media":508799,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[88,90,89],"class_list":["post-508798","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-san-jose","tag-san-jose-headlines","tag-san-jose-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/508798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=508798"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/508798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/508799"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=508798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=508798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=508798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}