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Arden Oaks Apartments in Carmichael, CA sold for $6.8M

Colliers Brokers Sale of 36-Unit Apartment Building
Colliers arranged the sale of the Arden Oaks Apartments located at 5155 Arden Way in Carmichael, California, was sold to a private investor as part of a 1031 exchange. (CoStar)
Colliers arranged the sale of the Arden Oaks Apartments located at 5155 Arden Way in Carmichael, California, was sold to a private investor as part of a 1031 exchange. (CoStar)
By John Bray
January 26, 2023 | 9:35 P.M.

The Arden Oaks Apartments located at 5155 Arden Way in Carmichael, California, was sold to a private investor as part of a 1031 exchange for $6.8 million, or $188,889 per unit.  A local trust disposed of the asset in the sale.

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