Listed by Marcus & Millichap - Sacramento, Marcus & Millichap - Downtown Sacramento
$9,200,000
Ventura Gardens
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 35,650
Units 56
Cap Rate 5.44%
NOI $500,522
Occupancy 95%
Price per SqFt $258
Year Built 1967
Buildings 3
Stories 2
Acreage 0.500
Parking Spaces 60 spaces
Parking Per SqFt 1.68
Multifamily | 56 Units | $164,286/unit
Marketing description
Marcus & Millichap is pleased to present Ventura Gardens Apartments, a 56 unit apartment community located in the unincorporated county of Sacramento. The property features a diverse unit mix of studios, one-bedroom and two-bedroom floorplans all tucked back at the end of a quiet cul-de-sac. The resulting ambiance is pleasing and unique for apartment living.
The competitive landscape and recent leasing activity strongly suggest that there is nearly 10 percent loss-to-lease present in the rent roll for the next owner to capture. The profitability of Ventura Gardens will continue to strengthen as the next owner extrapolates on the current interior renovation program already underway. Current ownership has performed unit renovations to varying degrees during turnovers with finishes that
include resurfaced countertops, painted cabinets with brush nickel hardware, vertical blinds with valances, vinyl plank flooring in the wet areas, and new carpet in the bedrooms. A strong amenity package includes a large swimming pool, a nearby furnished gazebo and BBQ area, a leasing office and onsite laundry facilities. One of the buildings had a new roof installed in 2025 and the building received a fresh coat of paint recently.
Beyond the quality of the interior finishes and charm of the grounds, residents will be attracted to Ventura Gardens for its proximity to American River College and Interstate 80 a major east-west transportation corridor in the Sacramento MSA.
All windows at the property have been upgraded to double pane, assisting residents with reduced utility bills Individual hot water heaters also help reduce the utility bill for the owner, a unique feature for the vintage. The savvy investor will see the intrinsic value of the real estate and work toward executing a value-add strategy that supports yields above 8 percent in the future.
Investment highlights
- Stable Operating History with 3.52% Interest-Only Assumable Financing
- Quiet Cul-de-Sac Setting in a Suburban Neighborhood
- Large, Diverse Floorplans in Units that Feature Double Pane Windows, Individual Water Heaters, and Select Upgraded Interiors
- Large Dual Pane Windows with Abundant Natural Light
- Individual Hot Water Heaters in Every Unit
- Large Walk-In Closets
- Select Units Upgraded with New Countertops, Flooring and Appliances
- Swimming Pool in Private Courtyard
- Gazebo BBQ Common Area Nearby Pool
- Laundry Facility On Site
- Quiet Cul-de-Sac Setting in Residential Neighborhood
Listing Contacts
Listed by Marcus & Millichap - Sacramento, Marcus & Millichap - Downtown Sacramento
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$500,522.00
$41,710.17/mo
Valuation Metrics
0
DSCR
5.44%
Cap Rate
5.44%
ROI
Map
Zoning
RD-40 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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