Listed by Cushman & Wakefield - Sacramento, California
Unpriced
6267 Martin Luther King Jr. Boulevard
Details
APN 037-0251-011-0000,037-0188-005-0000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 91,326
Units 120
NOI $1,173,372
Tenancy Multi
Year Built 1969
Buildings 21
Stories 2
Acreage 5.660
Parking Spaces 175 spaces
Parking per 1,000 SqFt 1.92
Investment Type Value Add
Ownership Fee Simple
Multifamily | 120 Units
Marketing description
The Cushman & Wakefield Sacramento Multifamily Advisory Group is pleased to present Summerset Apartments. This unique multifamily community, comprising 120 units is located in Sacramento, CA. Investors should note that this is a Chapter 11 Trustee sale and will follow the Bankruptcy process. The Bankruptcy Court will need to approve the final sale. The property is being offered for sale subject to prior placement and withdrawal, cancellation or modification without notice.
Investment highlights
- Value Add Asset with Demonstrated Rent Acceptance: Despite deferred maintenance, Summerset Apartments continues to achieve competitive rents, indicating established resident demand and market acceptance. This rent traction allows investors to underwrite renovation upside from an income producing base rather than a distressed lease up scenario.
- Bankruptcy Sale Provides Basis Protection: The bankruptcy disposition offers a rare opportunity to acquire at a discounted basis, creating downside protection and enabling capital investment into the asset without overexposing total cost relative to stabilized value.
- Essential Workforce Housing Profile: The property serves a core workforce housing demographic, supported by employment concentration in healthcare, government, services, logistics, and light industrial sectors. This renter base is historically less volatile and reinforces consistent absorption through market cycles.
- Defined Capital Scope with Measurable Payoff: Capital needs are clearly identifiable and operationally impactful, including HVAC systems, parking surfaces, landscaping, interior finishes, and pool rehabilitation. Addressing these items materially improves livability, operating efficiency, and long term asset reliability.
- Long Term Cash Flow Sustainability Through Asset Reset: By modernizing both structural systems and resident facing features, the investment allows for a reset of the physical plant, reducing future capital drag and supporting durable cash flow over an extended hold period.
- Infill South Sacramento Location Supporting Daily Rental Utility: Located in the Parkway– South Sacramento submarket, Summerset Apartments benefits from proximity to major employment corridors, Highway 99, public transit options, and dense neighborhood serving retail. This infill positioning provides residents with practical access to jobs and daily necessities, reinforcing tenant stability and long term occupancy
Listing Contacts
Listed by Cushman & Wakefield - Sacramento, California
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,173,372.00
$97,781.00/mo
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Zoning
RD-20 ResidentialMulti FamilyHigh Density Multifamily Residential
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View all 227 uses
View all 227 uses Last updated May 14, 2026 For deeper zoning details, reports are available at Zoneomics
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