2763 Larkspur Ln - Apartments FOR SALE


Sacramento, CA 95864- Outer Arden-Arcade
$2,375,000 USD
858-922-4181
2763 Larkspur Ln, Sacramento, CA for Sale
$2,375,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

2763 Larkspur Ln
Sacramento, CA 95864
Outer Arden-Arcade


HIGHLIGHTS

  • 1980's Vintage With a Fantastic Unit Mix of (7) One-Bedroom One-Bathroom and (7) Two-Bedroom One-Bathroom Floor Plans.
  • Immediate Access to Loehmann's Plaza (1.0 mi), Pavilions Shopping Center (1.4 mi), Howe Bout Arden Retail Center (1.9 mi) and Arden Fair Mall (2.5 mi)
  • Gated Community With Carport Covered Parking.
  • Room to Grow Rents Through Modernized Renovations.

OVERVIEW

ALIVE Commercial Real Estate is pleased to present the Larkspur Park Apartments, a 1980's vintage, 14-unit apartment community ideally located in south Arden-Arcade submarket of Sacramento -- one of strongest retail and employment hubs in the region. The property is comprised of (7) One-Bedroom One-Bathroom and (7) Two-Bedroom One-Bathroom Floor Plans with 700 and 800 square feet each, respectively. The amenity rich community provides tenants with gated access, carport covered parking and on-site laundry, all while being within walking distance to some of Sacramento most popular retail destinations. Most of the tenants are long term residents with well-below market rents, allowing for substantial upside through modernized renovations over time. A new owner will have the opportunity to acquire a well-located, value-add asset with a stable operational history and multiple avenues for income growth and value creation over the long term.

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

14

PRICE/UNIT

$169,643

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Larkspur Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,951 SF

ZONING

-

APN/PARCEL ID

286-0220-050

ASK ABOUT THIS PROPERTY

Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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