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Redwood Property Investors Buys Sacramento Multifamily

Local Owner Divests Oak Plaza Apartments for Over $7 Million
The apartments were built in 1960 on 1.4 acres in the outer Arden-Arcade multifamily market of Sacramento County. (CoStar)
The apartments were built in 1960 on 1.4 acres in the outer Arden-Arcade multifamily market of Sacramento County. (CoStar)
By John Bray
October 12, 2021 | 5:41 P.M.

Leilil Properties in Stockton sold the 48-unit Oak Plaza Apartments at 2512 Edison Ave. in Sacramento, California, for $7.04 million, or about $147,000 per unit, to Redwood Property Investors.

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