Written by The Business Journal Staff
The Cedar Creek Apartments in southeast Fresno have been sold to an investment group for $6.15 million.
Turlock-based Boohmi Investments purchased the 106-unit property located at 4893 E. Lane Ave. from a Los Angeles-based corporation.
Robin Kane and Gordon Larkin of Berkadia Real Estate Advisors brokered the deal.
Cedar Creek was built in 1980 and sits on approximately four acres. The property was originally renovated in 2004, and in 2014, there were capital improvements including landscaping, asphalt and fencing.
The gated complex, which is near Fresno Pacific University, includes a mix of one- and two-bedroom units, with an average unit size of 821 square feet.