Press Releases
Marcus & Millichap Arranges $5.6M Sale of 34-Unit Multifamily Property in Sacramento, California
August 03, 2026
SACRAMENTO, Calif., August 3, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 915 Johnfer Way, a 34-unit multifamily property in Sacramento, California. The property sold for $5.6 million or $164,705 per unit. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured $3.7 million in acquisition financing on behalf of the buyer.
"This transaction allowed the seller to redeploy capital into a core Silicon Valley investment while providing the buyer with a well-located multifamily community offering significant value-add potential," said Adam Levin, executive managing director investments. "With plans for an extensive renovation program and continued improvements to the property, the buyer is well positioned to benefit from the strong tenant demand and anticipated rent growth in Sacramento's Greenhaven neighborhood."
Levin and Rob Johnston, of the Levin Johnston team based out of Marcus & Millichap’s Palo Alto office, had the exclusive listing to market the property on behalf of the seller, an LLC, and procured the buyer, a local private investor.
Chad O’Connor, executive managing director, capital markets, based in the firm’s San Diego office, secured a 5-year loan at 70 percent loan-to-value with a national bank. Additional terms include a 5.85 percent interest rate and a 30-year amortization period.
Built in 1968, The Colony House Apartments is a 34-unit multifamily property situated on a 1.14-acre parcel at 915 Johnfer Way in Sacramento's Greenhaven neighborhood. The 26,569-square-foot property features one- and two-bedroom floor plans with amenities including on-site laundry, dedicated parking, a community pool and a landscaped courtyard. Located west of Interstate 5, the property offers convenient access to downtown Sacramento, major employers, retail centers, parks and recreational amenities, supporting long-term rental demand.
"This transaction allowed the seller to redeploy capital into a core Silicon Valley investment while providing the buyer with a well-located multifamily community offering significant value-add potential," said Adam Levin, executive managing director investments. "With plans for an extensive renovation program and continued improvements to the property, the buyer is well positioned to benefit from the strong tenant demand and anticipated rent growth in Sacramento's Greenhaven neighborhood."
Levin and Rob Johnston, of the Levin Johnston team based out of Marcus & Millichap’s Palo Alto office, had the exclusive listing to market the property on behalf of the seller, an LLC, and procured the buyer, a local private investor.
Chad O’Connor, executive managing director, capital markets, based in the firm’s San Diego office, secured a 5-year loan at 70 percent loan-to-value with a national bank. Additional terms include a 5.85 percent interest rate and a 30-year amortization period.
Built in 1968, The Colony House Apartments is a 34-unit multifamily property situated on a 1.14-acre parcel at 915 Johnfer Way in Sacramento's Greenhaven neighborhood. The 26,569-square-foot property features one- and two-bedroom floor plans with amenities including on-site laundry, dedicated parking, a community pool and a landscaped courtyard. Located west of Interstate 5, the property offers convenient access to downtown Sacramento, major employers, retail centers, parks and recreational amenities, supporting long-term rental demand.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
