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24262996
24262997

3429 Evergreen Cir, West Sacramento, CA 95691

Marcus & Millichap - Sacramento
Listed by Marcus & Millichap - Sacramento
$36,250,000
384 days on market
Updated 61 days ago
Opportunity zone

Courtyard Village

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 197,760
Units 296
Cap Rate 5.55%
NOI $1,677,080
Occupancy 96%
Pro-Forma Cap Rate 8.45%
Pro-Forma NOI $3,062,817
Class C
Year Built 1959
Year Renovated 2008
Acreage 9.900
Occupancy Date 06/26/2025
Ownership Fee Simple

HUGE VALUE ADD OPPORTUNITY

Marketing description

As capital to the largest U.S. state economy, the Sacramento-Roseville-Arden-Arcade metro is a hub of public and private sector activity. Two major universities foster an educated workforce that draws new companies to the market. New job opportunities, in turn, foster population growth as more households seek residential options in less dense areas. Lying in the middle of the 450-mile-long Central Valley, the metro is comprised of four counties: Sacramento, El Dorado, Placer and Yolo. More than 2.4 million people call the area home, and unlike the nearby Bay Area, Sacramento is seismically quiet, making it an ideal location for data centers and cloud computing storage. The city of Sacramento is the most populous, at approximately 510,000 residents, followed by Elk Grove and Roseville.

Investment highlights

296 UNITS IN WEST SACRAMENTO, ONE OF THE FASTEST GROWING CITIES IN CALIFORNIA.

STRONG VALUE-ADD OPPORTUNITY, WITH SIGNIFICANT UPSIDE IN RENTS.

EXCELLENT UNIT MAKE UP, WITH 166 TWO-BEDROOM UNITS, AND 129 ONE-BEDROOM UNITS.

EASY ACCESS TO TRANSPORTATION, ALONG I80, I50, AND I5 ALL WITHIN A FEW MILES.

STRONG UPSIDE IN RENTS

FAR BELOW REPLACEMENT VALUE

Listing Contacts

Marcus & Millichap - Sacramento
Listed by Marcus & Millichap - Sacramento

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$1,677,080.00
$139,756.67/mo

Valuation Metrics

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DSCR
4.63%
Cap Rate
4.63%
ROI

Map

Zoning

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R-3 ResidentialMulti FamilyResidential Multifamily
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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