Home Finance 24-Unit Multifamily Property Sells for $9.3MM in Redwood City as Long-Term Owner Exits Active Management
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24-Unit Multifamily Property Sells for $9.3MM in Redwood City as Long-Term Owner Exits Active Management

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Aerial view of San Carlos and Redwood Shores; East Bay and Mount Diablo in the background; houses visible on the hills and close to the shoreline; office buildings built close to downtown San Carlos
Photo by Sundry Photography on iStock
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Canyon Road property trades at $387,500 per unit after nearly five decades under single ownership A Peninsula apartment building has changed hands after 46 years under the same ownership, with the sellers opting to transition from active property management to more passive real estate investments through a tax-deferred exchange structure. Marcus & Millichap brokers Adam […]

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