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$1.46M Nets 40-unit Laurel Village

NORTH HIGHLANDS, CA-An individual investor from the Bay Area of California picks up the two-story, 40-unit multi-housing complex. The property was sold by the Gordon England and Irma McClinton Trust of Nevada.

By Peter Landau | Updated on May 14, 2002

NORTH HIGHLANDS, CA-Gary Baker, a private investor from the Bay Area of California, has purchased the Laurel Village, a two-story, 40-unit multi-housing complex here. The property was sold by the Gordon England and Irma McClinton Trust of Nevada. The total transaction was valued at $1.46 million.

The two-story, 40-unit, multi-housing complex is located at 3669 Myrtle Ave. in North Highlands. The property was 100% leased at the time of the sale. The price per unit on the deal works out to $36,400. There are 19,908 rentable sf, which figures to a price per square foot of approximately $73.

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