MikeBolen.com

Los Angeles, Calif.-based Urban Housing Group has sold the Edgewater Luxury Apartments in San Francisco for $115 million to UDR, Inc.The Edgewater Luxury Apartments, which sold for $595,855 per unit, are located at 355 Berry St. The complex contains 193 units and was built in 2007. The six-story apartment building is comprised of a 157,203 square foot building with one-bedroom and two-bedroom units.

What a discrepancy between Napa and San Francisco. The last large scale sale in Napa was the Plaza Del Sol Apartments  which sold for $10.31 million this 70 unit complex sold for $147,285. Also note that Napa apartments are not subject to rent control.

Here at the RE/MAX Napa Valley office RE/MAX Cornerstone my team and I specialize in commercial investment properties contact me Mike Bolen at 707-254-9999 or Mike@MikeBolen.com and let’s discuss your acquisition target.