Keech Properties Acquires Morgan Hill Apartment Community for $45 Million
Morgan Hill, California, USA | September 28, 2026: Keech Properties has acquired Sunsweet Apartments, an 87-unit multifamily community in Morgan Hill, California, for $45 million, translating to approximately $517,241 per apartment. The transaction adds a recently built residential property with retail space and extensive amenities to the company's portfolio in the southern Silicon Valley market.
Located at 90 East 3rd Street, west of Highway 101, the property offers residents access to downtown Morgan Hill's dining, retail and entertainment destinations.
87-Unit Apartment Community Sells for $45 Million
The acquisition values Sunsweet Apartments at approximately $517,241 per unit, placing the transaction among the notable multifamily property deals in the Morgan Hill market.
Built in 2020, the property occupies a 1.88-acre site and encompasses approximately 81,300 square feet. Its relatively recent construction and combination of residential and retail space distinguish it from older apartment properties.
The seller was Sunsweet Morgan Hill Development LLC. Northmarq's Walnut Creek investment sales team, led by Anthony Pappageorge and Zach LeBeouf, represented the seller.
Modern Apartments Offer Multiple Housing Options
Sunsweet Apartments comprises 87 studio, one-bedroom and two-bedroom homes. The residences feature stainless steel appliances, modern finishes, in-unit laundry facilities and walk-in closets.
The mix of apartment layouts provides housing options for different household sizes and needs. The property's newer construction also gives it a contemporary residential offering in the Morgan Hill market.
Resort-Style Amenities Add to the Property's Appeal
The apartment community includes a range of amenities designed to support residents' daily needs and recreational activities.
These include a resort-style swimming pool, fitness centre, clubhouse, electric vehicle charging stations and multiple outdoor gathering spaces.
The combination of residential amenities and convenient access to nearby services forms part of the property's appeal to renters and multifamily investors.
Ground-Floor Retail Adds a Commercial Component
In addition to its residential units, Sunsweet Apartments includes approximately 8,000 square feet of ground-floor retail space.
The commercial component adds another use to the property, alongside its apartment homes. Its downtown location and proximity to Highway 101 also provide access to local businesses and regional destinations.
For investors, the presence of retail space introduces an additional element to the property's income profile, although the transaction details do not disclose its rental income or occupancy.
Morgan Hill Location Connects Residents to Silicon Valley
The property is located at 90 East 3rd Street, west of Highway 101, providing convenient access to dining, retail and entertainment destinations in Morgan Hill.
Its location in southern Silicon Valley places it within a broader regional housing market. The acquisition gives Keech Properties exposure to a multifamily asset in a market where location, property condition and amenities are important considerations for investors.
What the Acquisition Means for Multifamily Investors
The $45 million transaction highlights investor interest in recently constructed apartment communities that combine residential units, amenities and ground-floor commercial space.
At approximately $517,241 per unit, the purchase provides a reference point for this particular property, but it should not be treated as a benchmark for all Morgan Hill apartments. Factors such as rental income, occupancy, operating expenses and financing terms are necessary to assess the investment's overall performance.
The acquisition adds another transaction to the Bay Area multifamily market, with Keech Properties taking ownership of a modern apartment community in Morgan Hill.