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June 24, 2024
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Sacramento-Area Multifamily Property Goes for $182k/Unit


El Dorado Village, a Class A, multifamily community in the affluent, Sacramento-area submarket of El Dorado Hills, sold for $12.4 mil ($182k/unit) in an off-market transaction. The 68-unit, garden-style complex is located north of Hwy 50, about 30 miles east of downtown Sacramento.

El Dorado Village was built in 2000 and offers premium design features such as vaulted ceilings, full size in-unit washer and dryer, wood burning fireplaces with mantle, private garages, and stunning hillside views. Community amenities include a clubhouse, fitness center, swimming pool, spa and beautiful landscaping throughout.

Marc Ross and William Blucher of CBREs Sacramento Multifamily team represented the buyer, a 1031 exchange investor. The buyer had recently sold a different property in the Bay Area.

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