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Sacramento Multifamily Portfolio Trades for $3 Million

Private Investors Pick Up Palm Court and Woodlake Apts.
January 9, 2013
Ranjit and Sukhwant Dhillon purchased 50 and 53 Dean Road in Sacramento from DB Martin Properties for $3 million or $54,545 per unit.

Palm Court is an 18-unit apartment building with 14 one-bedroom/one-bathroom homes and four two-bedrooms/one-bathroom units. Woodlake Terrace is a 37-unit multifamily with 23 one-bedroom/one-bathroom homes and 14 two-bedroom/one-bathroom units.

Bruce Hester of Colliers International represented the seller, while the buyers were self-represented.

Please reference CoStar COMPS #2614587 for more information.

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