Listed by Cushman & Wakefield - Sacramento, California
Unpriced
Plaza Estates Apartments
Details
APN 263-0203-022-0000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 43,450
Units 62
NOI $502,002
Tenancy Multi
Pro-Forma NOI $543,595
Year Built 1961
Buildings 2
Stories 4
Acreage 1.060
Zoning R-2B
Parking Spaces 56 spaces
Parking Per SqFt 1.29
Investment Type Value Add
Multifamily | 62 Units
Marketing description
The Cushman & Wakefield Sacramento Multifamily Advisory Group is pleased to present Plaza Estates Apartments, a 62 unit multifamily community located in Sacramento, CA.
Investment highlights
- Value‑Add Investment – Plaza Estates presents a clear value‑add execution strategy through the lease‑up of remaining vacancy and stabilization of in‑place rents. An investor with proven asset‑management capabilities can capture unrealized income, enhance cash flow, and drive NOI growth.
- Strong Workforce Housing Fundamentals – Strategically positioned to serve Sacramento’s workforce renter base, the property benefits from proximity to Downtown and Midtown Sacramento, McClellan Air Force Base, and Natomas. These employment links support consistent
- demand, durable occupancy, and long‑term rent sustainability. As-Is Acquisition with Pricing Advantage – Offered in “As-Is” condition, providing buyers with the opportunity to acquire below replacement cost and implement business plan improvements on their own timeline and capital structure.
- Quality Unit Mix – The asset features a highly marketable unit mix consisting of 41 one-bedroom/one-bath units averaging approximately 600 SF and 21 two-bedroom/one bath units averaging approximately 750 SF, supporting broad renter appeal.
- Ancillary Income Upside – Additional NOI growth opportunity through the repositioning and modernization of two on-site laundry rooms, creating a scalable ancillary revenue stream with limited capital investment.
- UNIT FEATURES:-
- Living Room/Bedroom/Hallway:-
- Ceramic tile flooring throughout majority of units
- Two closets
- Linen cupboard
- Venetian/vertical blinds
- Bathroom:-
- Tub/shower combination
- Laminate counter
- Moisture vent
- Kitchen:-
- Granite countertop
- Stainless steel sink
- Gas range
- Ceramic tile flooring
- Solid wood cabinetry
- COMMUNITY AMENITIES:-
- Two Maintenance/Storage rooms
- Three garages currently used for storage
- Leasing Office (converted one bedroom unit)
- Two laundry rooms
- Security cameras
- Vehicular rolling gate
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
$502,002.00
$41,833.50/mo
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Zoning
R-2B ResidentialMulti FamilyMulti Unit Dwelling Zone
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View all 50 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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