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33633480
33633479

1741 Wright St, Sacramento, CA 95825

DD
CA 02045150
Marcus & Millichap - Sacramento
TD
CA 01920427
Marcus & Millichap - Sacramento
DH
CA: 01292212
Marcus & Millichap - Downtown Sacramento
Listed by Marcus & Millichap - Sacramento, Marcus & Millichap - Downtown Sacramento
$12,000,000
1 day on market
Updated 1 day ago
Opportunity zone

Alta Vista Commons Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 48,600
Units 76
Cap Rate 5.33%
NOI $639,386
Occupancy 95%
Tenancy Multi
Price per SqFt $247
Year Built 1963
Year Renovated 2019
Acreage 1.820
Investment Type Stabilized

Multifamily | 76 Units | $157,895/unit

Marketing description

The DeLoney Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Alta Vista Commons Apartments, a well-located multifamily community in the Arden-Arcade submarket of Sacramento, California. Built in 1963 and fully renovated in 2017–2019, the property blends durable construction with modernized interiors and community amenities, including a swimming pool, fitness center, and clubhouse and Management/Leasing Office.

Current ownership has maintained strong occupancy offering a superior product compared to other nearby rental properties. The property's functional layouts, updated finishes, and community-oriented design position Alta Vista Commons competitively within a submarket where demand for quality rental housing continues to outpace supply. Ownership has been meticulous with its upkeep on landscape, window upgrades, interior upgrades, asphalt and balconies.

Centrally located near major employment centers, retail corridors, schools, and transportation routes, Alta Vista Commons benefits from Sacramento's sustained population growth and relative affordability compared to the Bay Area. With stable in-place income, meaningful rental upside, and turnkey phsyical condition, the property offers investors the opportunity to acquire a well-maintained asset with both immediate cash flow and long-term appreciation potential.

Investment highlights


Listing Contacts

DD
CA 02045150
Marcus & Millichap - Sacramento
TD
CA 01920427
Marcus & Millichap - Sacramento
DH
CA: 01292212
Marcus & Millichap - Downtown Sacramento
Listed by Marcus & Millichap - Sacramento, Marcus & Millichap - Downtown Sacramento

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$639,386.00
$53,282.17/mo

Valuation Metrics

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DSCR
5.33%
Cap Rate
5.33%
ROI

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