California

SAN FRANCISCO — Marcus & Millichap has arranged the sale of two multifamily properties at 1159-1169 and 1067-1071 Union St. in San Francisco’s Russian Hill neighborhood. The properties sold for a combined $6.3 million after approximately 50 years under the same family ownership. Philip Batlin, Clinton Textor, Sam Runco and Jordan Tong, investment specialists in Marcus & Millichap’s San Francisco office, marketed the properties on behalf of the seller and procured the buyer, locally based Ballast. Built in 1925, the 9,123-square-foot property at 1159-1169 Union St. consists of six two-bedroom, …

SAN JOSE, CALIF. — Marcus & Millichap’s Levin Johnston brokerage team has arranged the sale of First Street Manor, a 39-unit community in San Jose. Adam Levin, Robert Johnston and Cole Simpson represented the seller and procured the buyer in the $9.1 million transaction. Neither party to the transaction was named. The property, built in 1948, comprises studio, one- and two-bedroom floor plans. The 18,305-square-foot property sits on a 0.87-acre parcel one block west of the Japantown/Ayer light rail station at 523 North 2nd St. with service throughout the Silicon …

RIVERSIDE, CALIF. — Kidder Mathews has arranged the $21.8 million sale of two adjacent properties totaling 113 units in Riverside. Neither buyer nor seller was identified. The transaction included University Gardens, a 25-unit property at 1480 Seventh St., and Normandy Apartments, an 88-unit complex at 3681–3725 Cranford Ave. comprising two side-by-side, 44-unit buildings. Both properties feature pools. Jon Mitchell, based at Kidder Mathews’ Orange County office, represented the seller.

SAN RAMON, CALIF. — TruAmerica Multifamily has acquired Bridges at San Ramon, a 200-unit community in San Ramon, for $78 million. With this acquisition the Los Angeles-based investment firm owns and operates 1,240 units in the San Francisco Bay area. The seller was not disclosed. Bridges at San Ramon offers 200 one- and two-bedroom units averaging 739 square feet. Amenities include a pool and spa, fitness center, resident lounge, courtyard and barbecue area, playground, pet spa, electric vehicle charging stations and garage parking. TruAmerica plans to renovate a majority of …

SAN DIEGO — Marcus & Millichap has arranged the $11.2 million sale of The Molokai Apartments, a 39-unit property in San Diego. Austin Ray Huffman and Chris Zorbas, of the Zorbas Huffman Group based out of Marcus & Millichap’s San Diego office, listed the property on behalf of the seller, Vista International Inc. The buyer, a private investor, was represented by Michael Wolf of Coldwell Banker West. Built in 1971, The Molokai Apartments is a 32,204-square-foot property situated on about 1 acre at 5055 73rd St. in San Diego’s College …