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Multifamily

Riverbend Apartments

555 Douglas St, West Sacramento, CA 95605

Listing Price: $15,250,000

Cap Rate
5.55%
Number of Units
82
GRM
9.62
Occupancy
95.0%
Price/Unit
$185,976
Price/Gross SF
$353.52
Gross SF
43,138

Investment Overview

Marcus & Millichap is marketing the Riverbend Apartments for sale with free and clear delivery. The grounds and exterior have been well-maintained and the units upgraded to include LVP flooring, stone countertops, stainless steel appliances and new cabinets. Residents enjoy central HVAC and wall mounted A/C.

Riverbend's location along the Lighthouse Drive corridor places it within West Sacramento's most active development zone. The property is surrounded on multiple sides by residential and mixed-use projects completed within the last five years — a rare and tangible indicator of sustained private capital commitment to the submarket. This established context supports rent growth, minimizes demand risk, and provides residents with an amenity-rich, walkable environment that continues to improve.

The broader demand environment continues to favor well-located infill assets. As elevated fuel costs have raised the true cost of suburban living, renter preference has durably shifted toward locations offering proximity to employment and walkable daily conveniences. Riverbend's Lighthouse Drive address — with direct access to Downtown Sacramento via the Tower Bridge gateway — places it squarely within that demand cohort, supporting both occupancy and long-term rent trajectory.

All tours must be conducted with listing agent present. Do not disturb management or residents.

Investment Highlights

  • Infill Growth Corridor - Surrounded on multiple sides by sub-five-year development along Lighthouse Drive, one of West Sacramento's most actively invested and amenity-rich neighborhoods.
  • Renovated Interiors - Stone countertops, LVP flooring, new cabinetry and stainless appliances throughout.
  • Minutes from Downtown Sacramento - Low-density neighborhood setting with immediate access to Downtown Sacramento via the Tower Bridge; urban convenience without urban density.

Exclusively Listed By

Multifamily

Riverbend Apartments

Listing Price: $15,250,000

Cap Rate
5.55%
Number of Units
82
GRM
9.62
Occupancy
95.0%
Price/Unit
$185,976
Price/Gross SF
$353.52
Gross SF
43,138

Investment Highlights

  • Infill Growth Corridor - Surrounded on multiple sides by sub-five-year development along Lighthouse Drive, one of West Sacramento's most actively invested and amenity-rich neighborhoods.
  • Renovated Interiors - Stone countertops, LVP flooring, new cabinetry and stainless appliances throughout.
  • Minutes from Downtown Sacramento - Low-density neighborhood setting with immediate access to Downtown Sacramento via the Tower Bridge; urban convenience without urban density.

Investment Overview

Marcus & Millichap is marketing the Riverbend Apartments for sale with free and clear delivery. The grounds and exterior have been well-maintained and the units upgraded to include LVP flooring, stone countertops, stainless steel appliances and new cabinets. Residents enjoy central HVAC and wall mounted A/C. Riverbend's location along the Lighthouse Drive corridor places it within West Sacramento's most active development zone. The property is surrounded on multiple sides by residential and mixed-use projects completed within the last five years — a rare and tangible indicator of sustained private capital commitment to the submarket. This established context supports rent growth, minimizes demand risk, and provides residents with an amenity-rich, walkable environment that continues to improve. The broader demand environment continues to favor well-located infill assets. As elevated fuel costs have raised the true cost of suburban living, renter preference has durably shifted toward locations offering proximity to employment and walkable daily conveniences. Riverbend's Lighthouse Drive address — with direct access to Downtown Sacramento via the Tower Bridge gateway — places it squarely within that demand cohort, supporting both occupancy and long-term rent trajectory. All tours must be conducted with listing agent present. Do not disturb management or residents.

Exclusively Listed By

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