Press Releases
Marcus & Millichap Arranges $10.8M Sale of 101-Unit Active Senior Multifamily Property in Willits, California
July 22, 2026
WILLITS, Calif., July 22, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Redwood Meadows, a 101-unit senior multifamily property located at 1475 Baechtel Rd. in Willits, California. The property sold for $10.8 million, or $106,931 per unit.
“Senior housing communities with stable occupancy and long-term growth potential continue to attract investor interest across Northern California,” said Isaak Heitzeberg, managing director investments. “Redwood Meadows offered a combination of consistent cash flow, the potential to add up to 15 additional units with initial city approval and an assumable loan, making it an attractive long-term investment for a buyer expanding its regional portfolio.”
Heitzeberg, of Marcus & Millichap's Sacramento office, represented the seller, TCC Properties. Heitzeberg and Andres Guerra, investment specialist in Marcus & Millichap's Sacramento office, also procured the buyer, Echelon Communities.
Built in 1989, Redwood Meadows is a 101-unit active senior apartment community situated on a 7.18-acre parcel. The property includes four studio units, 58 one-bedroom units and 39 two-bedroom units. Community amenities include a clubhouse, redwood garden, two laundry rooms, rentable storage units, a dog park and new drought-tolerant landscaping. Located adjacent to the Willits Senior Center, the property provides convenient access to shopping, health care and other services. The site also includes land with initial city approval for up to 15 additional units, offering future expansion potential.
“Senior housing communities with stable occupancy and long-term growth potential continue to attract investor interest across Northern California,” said Isaak Heitzeberg, managing director investments. “Redwood Meadows offered a combination of consistent cash flow, the potential to add up to 15 additional units with initial city approval and an assumable loan, making it an attractive long-term investment for a buyer expanding its regional portfolio.”
Heitzeberg, of Marcus & Millichap's Sacramento office, represented the seller, TCC Properties. Heitzeberg and Andres Guerra, investment specialist in Marcus & Millichap's Sacramento office, also procured the buyer, Echelon Communities.
Built in 1989, Redwood Meadows is a 101-unit active senior apartment community situated on a 7.18-acre parcel. The property includes four studio units, 58 one-bedroom units and 39 two-bedroom units. Community amenities include a clubhouse, redwood garden, two laundry rooms, rentable storage units, a dog park and new drought-tolerant landscaping. Located adjacent to the Willits Senior Center, the property provides convenient access to shopping, health care and other services. The site also includes land with initial city approval for up to 15 additional units, offering future expansion potential.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
