Santa Clara County Apartment Building Sales

Apartment building sales for Santa Clara County owners

Philip Batlin of Marcus & Millichap has closed more than 150 investment real estate transactions, including Bay Area apartment and mixed use sales involving more than 1,000 units across San Francisco, San Mateo County, Santa Clara County and the East Bay. In Santa Clara County he has closed 14 transactions, including 12 apartment sales totaling 93 units in San Jose, Santa Clara, Sunnyvale and Palo Alto, on both the seller and buyer side.

He represents long term owners, families, trusts and partnerships, and works with 1031 exchange buyers looking for replacement apartment buildings in Silicon Valley.

How we price a South Bay apartment building

Buyers value apartment buildings on income. We start with your rent roll and operating expenses to find net operating income, then measure it against the four numbers buyers check: the cap rate, price per unit, price per square foot and gross rent multiplier (GRM) of similar Santa Clara County buildings that have actually sold. Rent rules matter too: San Jose has its own Apartment Rent Ordinance covering many older buildings, and many other properties fall under California's Tenant Protection Act (AB 1482). Request a confidential valuation.

Featured Santa Clara County sales

• 2955 Neet Avenue, San Jose: 24 units, closed 2022. Philip represented the buyer.
• 495 Richfield Drive, San Jose: 24 units, closed 2026. Philip represented the buyer.
• 360 West Olive Avenue, Sunnyvale: 12 units, closed 2012. Philip represented both the seller and the buyer.

Santa Clara County transaction history

The Batlin Group's Santa Clara County closings: 14 in all, including 12 apartment sales. Some buildings appear more than once because they traded more than once.

• 495 Richfield Dr, San Jose: 24 units, 2026, represented the buyer
• 474 Matadero Ave, Palo Alto: 4 units, 2025, represented the seller
• 905 S Almaden Ave, San Jose: land, 2024, represented the seller and buyer
• 4944 Miramar Ave, San Jose: 1 unit, 2024, represented the seller
• 3231 Impala Dr, San Jose: 6 units, 2023, represented the seller
• 3830 Madeline Dr, San Jose: 4 units, 2023, represented the seller
• 2955 Neet Ave, San Jose: 24 units, 2022, represented the buyer
• 1697 S Wolfe Rd, Sunnyvale: land, 2021, represented the buyer
• 994-996 Gretchen Ln, San Jose: 2 units, 2020, represented the seller
• 2218-2220 Harrison Street, Santa Clara: 2 units, 2018, represented the seller
• 2208-2210 Harrison Street, Santa Clara: 2 units, 2018, represented the seller and buyer
• 155 Monroe Street, Santa Clara: 8 units, 2015, represented the buyer
• 474 Matadero Avenue, Palo Alto: 4 units, 2014, represented the buyer
• 360 West Olive Avenue, Sunnyvale: 12 units, 2012, represented the seller and buyer

Source: Marcus & Millichap transaction records. Represented the seller and buyer means Philip handled both sides of the sale. See more sold properties.

Frequently asked questions

What is my Santa Clara County apartment building worth?

It depends on your rent roll, expenses, condition and the cap rates buyers are paying for similar buildings nearby. Philip can prepare a confidential broker opinion of value with the comparable sales behind it, with no obligation to list.

Do you handle small buildings?

Yes. Most of our Santa Clara County sales are 2 to 12 unit buildings, alongside larger properties such as the 24 unit buildings on Richfield Drive and Neet Avenue in San Jose.

Can I sell my building and buy another through a 1031 exchange?

Yes. Under the federal rules you have 45 days after closing to identify replacement property and 180 days to complete the purchase, so it pays to plan the sale and the replacement search together. Learn more on our 1031 exchange page, and talk to your tax advisor about your situation.

Can I sell confidentially?

Yes. Many owners prefer a quiet, off market sale to a short list of qualified buyers. Ask about our off market approach.

Talk to Philip

Call Philip Batlin at (415) 625-2189 or request a confidential valuation. Also see our work in San Francisco, San Mateo County and the East Bay.