Investment Overview

Marcus & Millichap has been retained as the exclusive listing agent for 2117-2125 58th Street, a charming boutique apartment community located in the Tahoe Park neighborhood of Sacramento, California. The five-unit property features 1- and 2-bedroom floorplans that feature garages and/or carports for residents. 58th Street presents a unique opportunity to own in one of Sacramento’s most desirable neighborhoods. Tahoe Park offers the best of Sacramento: quiet tree-lined streets with ease to employment/entertainment nearby downtown. Residents will be drawn to the low density and functional advantages over the nearby competitive sets on busier throughways. In addition to the garages/carports, every unit has access to a yard or autonomous outdoor space. Residents are drawn to the feeling of living like they’re in a single-family home, especially as the rest of 58th Street is exclusively single-family parcels. Though current ownership has been diligent in keeping current rental rates at market, several units have a value-add component. Rental comparables suggest that there could be a 15-20% rent bump if units were renovated to a “2023 standard” with stone countertops, new cabinetry, and flooring. The offering represents offers strong current operations with a value-add component in one of the most desirable rental markets in the region. As the demand for quality rental space deepens due to California’s worsening housing shortage, properties like 2117-2125 58th are poised for continued rent growth and appreciation. All tours must be scheduled through the listing agent. Please do not disturb tenants or management.