Real Estate Blog

Two Fresno apartment complexes sold to Southern CA investor for $11.7 million

Sequoia Ridge
Sequoia Ridge Special to The Bee

A Southern California investor has purchased two Fresno apartment complexes for $11.7 million, Berkadia Real Estate Advisors, Fresno announced Monday.

The investor, who was not named, bought Sycamore Heights, 4630 E. Shields Ave., and Sequoia Ridge, 454 S. Waverly Lane. The parties were represented by Robin C. Kane and Gordon J. Larkin of Berkadia.

Sycamore Heights is a 132-unit development with one- and two-bedroom apartments built in 1974 just west of Fresno Yosemite International Airport. Amenities include a pool, big dog park, playground and community barbecue and grilling areas.

Sequoia Ridge is an 80-unit complex with two-bedroom apartments, spacious courtyards and a pool built in 1971. It is located north of the Orchard Supply Hardware shopping center at Kings Canyon Road and Clovis Avenue.

BoNhia Lee: 559-441-6495, @bonhialee