Multifamily
Liv1621
1621 Hood Rd, Sacramento, CA 95825
Listing Price: $3,450,000
Investment 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.
Exclusively Listed By
Listing Price: $3,450,000
Investment 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
Investment 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.
Exclusively Listed By
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