1621 Hood Rd - Apartments FOR SALE


Sacramento, CA 95825- Outer Arden-Arcade
$3,450,000 USD
916-724-1294
1621 Hood Rd, Sacramento, CA for Sale
$3,450,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1621 Hood Rd
Sacramento, CA 95825
Outer Arden-Arcade


HIGHLIGHTS

  • Recently replaced siding, electrical panels, windows and signage
  • All units feature in-suite laundry
  • Interiors are upgraded with LVT flooring, resurfaced countertops and painted cabinets

OVERVIEW

The DeLoney Group at Marcus & Millichap is pleased to offer for sale Liv1621 Apartments, a 24-unit community located in the Arden-Arcade neighborhood in the unincorporated portion of Sacramento County. The property has undergone a number of recent upgrades, including new siding, double pane windows, upgraded electrical panels and new signage. Each unit offers its resident in-suite laundry, a highly desirable feature and rare in the nearby submarket. The property also offers its residents a swimming pool which is rare for a property of this size. Liv1621 has undergone significant interior and exterior upgrades in recent years. Market data suggests approximately an 8% loss-to-lease upside on the existing rent roll. The in-unit laundry and second bathroom in the two-bedroom floorplans provide a functional advantage of many of the nearby competing rental options. Visit www.SacAptPortfolio.com for more information, and to access Offering Memorandum and Deal Room. This is a court-supervised sale and will be subject to court approval before it is allowed to close. Sale procedures information is available.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

24

PRICE/UNIT

$143,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Liv1621

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

RD30 T

APN/PARCEL ID

285-0021-009,285-0021-010

ASK ABOUT THIS PROPERTY

David DeLoneyMarcus & MillichapMore Info
916-724-1294

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David DeLoneyMarcus & MillichapMore Info
916-724-1294

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.