Historic Sale of Howe Manor Apartments in Arden-Arcade for $18.875 Million

September 22, 2025 - 06:21

Howe Manor Apartments, a long-standing fixture in Arden-Arcade, has been sold for $18.875 million, marking the first change in ownership since its development in the 1960s. This significant transaction highlights the growing interest in the area as a prime location for residential investment.

The property, known for its spacious units and well-maintained grounds, has been a family-owned asset for over six decades. The sale reflects not only the enduring appeal of the apartments but also the evolving real estate market in the region.

Investors are increasingly recognizing the potential of Arden-Arcade, with its proximity to urban amenities and a strong demand for rental housing. The new ownership is expected to bring fresh perspectives and enhancements to the property, ensuring it remains a desirable living space for current and future tenants.

This sale is a pivotal moment for the community, signaling a shift in the local real estate landscape and the potential for new developments in the area.