Skip to main content

Multifamily

Camellia Village

6624 Lemon Hill Ave, Sacramento, CA 95824

Listing Price: $4,800,000

Cap Rate
4.14%
Number of Units
24
Occupancy
98.0%
Price/Unit
$200,000

Investment Overview

Marcus & Millichap is pleased to present Camellia Court Village, a charming 24-unit apartment community located in Sacramento, California. The community features 10 one-bedroom/one-bathroom units with 650 rentable square feet, and14 two-bedroom/one-bathroom units with a variety of different floor plans that includes a single-family home style unit. The purchaser of Camellia Court Village will enjoy a preferable unit mix, a spacious 2.44 acre parcel, and a value-add opportunity in one of the country's most supply constraint markets. The property features large backyards, gated access, off-street parking, and large garages which Camellia Court Village's tenant a private enclave type of feeling. The property is unlike any other multi-family investment opportunity in the area. In addition to adding value in the shape of rent premiums, the amenities afforded by the property attracts stable, family-oriented tenants. Residents will also enjoy close proximity to CA-Hwy 99, which provides quick access to Sacramento's booming Midtown/Downtown and access to the regions other major freeways. Industry research suggests the region will continue to experience pressure on the rental market due to demographic shifts of coastal residents moving inland and a lack of new apartment construction in the Sacramento region as a whole. Camellia Court Village represents a true a value-add opportunity primarily by implementing a more aggressive management strategy without having to do heavy capital expenditure projects that have already been done. All tours must be scheduled through the listing agents. Please do not disturb management.

Investment Highlights

  • Ideal Unit Mix - Majority Two Bedrooms With One Single-Family Home Unit
  • Large Garages/Storage
  • Spacious Enclosed Backyards for Every Unit
  • Value-Add Potential
  • Large 2.44-Acre Parcel

Exclusively Listed By

Multifamily

Camellia Village

Listing Price: $4,800,000

Cap Rate
4.14%
Number of Units
24
Occupancy
98.0%
Price/Unit
$200,000

Investment Highlights

  • Ideal Unit Mix - Majority Two Bedrooms With One Single-Family Home Unit
  • Large Garages/Storage
  • Spacious Enclosed Backyards for Every Unit
  • Value-Add Potential
  • Large 2.44-Acre Parcel

Investment Overview

Marcus & Millichap is pleased to present Camellia Court Village, a charming 24-unit apartment community located in Sacramento, California. The community features 10 one-bedroom/one-bathroom units with 650 rentable square feet, and14 two-bedroom/one-bathroom units with a variety of different floor plans that includes a single-family home style unit. The purchaser of Camellia Court Village will enjoy a preferable unit mix, a spacious 2.44 acre parcel, and a value-add opportunity in one of the country's most supply constraint markets. The property features large backyards, gated access, off-street parking, and large garages which Camellia Court Village's tenant a private enclave type of feeling. The property is unlike any other multi-family investment opportunity in the area. In addition to adding value in the shape of rent premiums, the amenities afforded by the property attracts stable, family-oriented tenants. Residents will also enjoy close proximity to CA-Hwy 99, which provides quick access to Sacramento's booming Midtown/Downtown and access to the regions other major freeways. Industry research suggests the region will continue to experience pressure on the rental market due to demographic shifts of coastal residents moving inland and a lack of new apartment construction in the Sacramento region as a whole. Camellia Court Village represents a true a value-add opportunity primarily by implementing a more aggressive management strategy without having to do heavy capital expenditure projects that have already been done. All tours must be scheduled through the listing agents. Please do not disturb management.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower