OAKRIDGE HOLDINGS INC
4, 1998-09-03
LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES)
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FORM 4            U.S. SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

               STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act of
1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person

     Robert B. Gregor
     844 Oriole Lane
     Chaska, MN 55318

2. Issuer Name and Ticker of Trading Symbol

     Oakridge Holdings, Inc.       (OKRG)

3. IRS or Social Security Number of Reporting Person (Voluntary)

4. Statement for Month/Year

     August, 1998

5. If Amendment, Date of Original (Month/Year)

6. Relationship of Reporting Person to Issuer (Check all          
   applicable)

     [X] Director
     [X] Officer (give title)   Secretary
     [X] 10% Owner
     [ ] Other (specify)











TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED

1. Title of Security                              Common Stock

2. Transaction Date (Month/Day/Year)              8/31/98
                                                  
3. Transaction Code                               P

4. Securities Acquired (A) or  Disposed of (D)

          Amount                                  40,000
          (A) or (D)                              A
          Price                                   $2.00


5. Amount of Securities
   Beneficially Owned at
   End of Month                5,525     600    1,250   153,814

6. Ownership Form: Direct
   (D) or Indirect (I)           I        I        I        D

7. Nature of Indirect
   Beneficial Ownership        Wife      Son      Son 










Signature of Reporting Person:

/s/ Robert B. Gregor   9/3/98


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