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12/20/12
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Westwood Apartments, a 182-unit multifamily apartment community located in Carmichael, about 12 miles northeast of downtown Sacramento, recently sold for $10.825 mil ($59.5k/unit). The community, which is comprised of 29 buildings situated on 6.69 acres, consists of apartments ranging from studios to three-bedroom units.
Rod Ballinger and Gary Gallelli out of Voit Real Estate Services’ Sacramento office represented the buyer, Hill Westwood Holdings LLC, in the transaction.
According to Ballinger, the buyer was seeking a well-located property with an abundance of on-site amenities. Westwood Apartments includes a fitness center and pool, as well as balconies and in-unit fireplaces.
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