A 72-unit apartment complex in Sacramento, California’s South Land Park neighborhood has sold for $10.9 million, a transaction that brokers say reflects growing investor interest in larger multifamily properties as buyers and sellers begin finding more common ground on pricing.
Sacramento apartment deal signals renewed interest in larger multifamily properties
Broker says gap in price expectations is narrowing between buyers and sellers
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IN THIS ARTICLE
- Properties
- Park Place
5949 Lake Crest Way, Sacramento, CA
- Contacts
- Isaac Merritt
Senior Associate, ALIVE Commercial Real Estate
- Spencer Moyer
Managing Director, ALIVE Commercial Real Estate