California's Sacramento market has seen it's second-largest multifamily deal of 2024 thanks to the sale of The Grove at Johnston Park. A local private investor purchased the 60-unit property from a private individual for $6.75 million, or just about $112,500 per unit, through a 1031 exchange.
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IN THIS ARTICLE
- Properties
- Johnston Park Apartments
2801 Grove Ave, Sacramento, CA
- Companies
- Contacts
- Isaac Merritt
Investment Associate, ALIVE Commercial Real Estate
- Spencer Moyer
Managing Director, ALIVE Commercial Real Estate
- Bruce Mintzer
Bruce Mintzer