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Multifamily

Lone Pine Apartments

3544 Auburn Blvd, Sacramento, CA 95821

Listing Price: $5,150,000

Cap Rate
4.42%
Number of Units
24
Occupancy
94.2%
Price/Unit
$214,583
Price/Gross SF
$262.76
Gross SF
19,600

Investment Overview

Marcus & Millichap is pleased to present Lone Pine Apartments, a charming 24-unit apartment community located in Sacramento, California. The community features a mix of (22) two-bedroom/one-bathroom units with 800 rentable square feet and two one-bedroom/one-bathroom units with 650 rentable square feet. The purchaser of Lone Pine Apartments will enjoy upgraded interior units, spacious fourplex/cottage style units, and an opportunity to follow a proven upside strategy and bring rents up to market in one of the country's hottest and growing markets. Renovation specs typically include quartz countertops, LVP flooring, new cabinets, and new appliances. Coastal migration inland and the lack of new apartment construction in suburban Sacramento positions Lone Pine well to continue an upward trend in rents coupled with very low vacancy. The property is conveniently located near the Watt Avenue access to Interstate 80, the major east-west transportation corridor for the greater Sacramento region. A few miles west of the property on Interstate 80, residents arrive at a thriving Downtown/Midtown Sacramento, which is the major employment hub for the region and home to the newly constructed Golden 1 Center. The property is also within a short driving distance to Arden Fair Mall, one of the regions largest shopping malls. All tours must be scheduled through the listing agents. Please do no not disturb management or tenants.

Investment Highlights

  • Great Unit Mix - Primarily Two- Bedroom Floorplans
  • Single-Story Cottages and Fourplex Style Buildings
  • Convenient Access to Interstate 80 and Major Transportation Centers
  • Most Units Renovated - Proven Upside in Rents

Exclusively Listed By

Multifamily

Lone Pine Apartments

Listing Price: $5,150,000

Cap Rate
4.42%
Number of Units
24
Occupancy
94.2%
Price/Unit
$214,583
Price/Gross SF
$262.76
Gross SF
19,600

Investment Highlights

  • Great Unit Mix - Primarily Two- Bedroom Floorplans
  • Single-Story Cottages and Fourplex Style Buildings
  • Convenient Access to Interstate 80 and Major Transportation Centers
  • Most Units Renovated - Proven Upside in Rents

Investment Overview

Marcus & Millichap is pleased to present Lone Pine Apartments, a charming 24-unit apartment community located in Sacramento, California. The community features a mix of (22) two-bedroom/one-bathroom units with 800 rentable square feet and two one-bedroom/one-bathroom units with 650 rentable square feet. The purchaser of Lone Pine Apartments will enjoy upgraded interior units, spacious fourplex/cottage style units, and an opportunity to follow a proven upside strategy and bring rents up to market in one of the country's hottest and growing markets. Renovation specs typically include quartz countertops, LVP flooring, new cabinets, and new appliances. Coastal migration inland and the lack of new apartment construction in suburban Sacramento positions Lone Pine well to continue an upward trend in rents coupled with very low vacancy. The property is conveniently located near the Watt Avenue access to Interstate 80, the major east-west transportation corridor for the greater Sacramento region. A few miles west of the property on Interstate 80, residents arrive at a thriving Downtown/Midtown Sacramento, which is the major employment hub for the region and home to the newly constructed Golden 1 Center. The property is also within a short driving distance to Arden Fair Mall, one of the regions largest shopping malls. All tours must be scheduled through the listing agents. Please do no not disturb management or tenants.

Exclusively Listed By

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