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REDWOOD CITY, CALIF. – A 12-unit apartment complex in Redwood City has sold to a private investor in a 1031 exchange for $3.3 million. The community is located at 1550-1570 Ebener Street. The property was recently renovated and offered significant upside in potential rent income. Robert Johnston and Mitchell Zurich of Marcus & Millichap’s Palo Alto office represented both the buyer and seller, a private investor, in this transaction.