Skip to main content

Multifamily

561 Pecan St

561 Pecan St, West Sacramento, CA 95691

Listing Price: $1,475,000

Cap Rate
3.45%
Number of Units
8
Occupancy
100.0%
Price/Unit
$184,375
Price/Gross SF
$228.33
Gross SF
6,460

Investment Overview

Marcus & Millichap is pleased to exclusively list 561 Pecan St, a value-add eight-unit apartment community located in West Sacramento, California. Every unit is a two-bedroom/one-bathroom floor plan, a preferable unit mix for suburban Sacramento. Although located just outside the core of Sacramento, the property is well located as it offers residents a five-minute commute to Downtown Sacramento, the employment and entertain epicenter for the northern California Central Valley. Residents will also be drawn to the properties proximity to modern amenities such as banks, grocery stores, restaurants, and West Sacramento's famed bridge district. The property is a short drive away from both Interstate 80 and US Hwy 50, allowing commuters quick freeway access and thus shorter driving times to anywhere in the Greater Sacramento region. 531 Pecan Street offers a value-add opportunity for the savvy investor who will capitalize on the properties functional advantages of being all Two Bedrooms in a strong rental location. Through mild interior renovation and a more aggressive management strategy, competitive sets suggest there is 25 percent in upside for the new owner. As the COVID-19 related demographic shifts continue to accelerate, secondary city markets continue to benefit from a population influx due to the exodus of larger coastal cities. What makes Sacramento truly unique is the relatively small construction pipeline in comparison to similar size cities experiencing similar population increases, further putting downward pressure on vacancy and driving rents. All tours must be scheduled with the listing agents. Please do not disturb residents or management.

Investment Highlights

  • Great Unit Mix - All Two-Bedroom Units
  • Low in Place Rents - Value-Add Opportunity
  • Irreplaceable Location - Five-Minute Commute to Downtown Sacramento

Exclusively Listed By

Listing Price: $1,475,000

Cap Rate
3.45%
Number of Units
8
Occupancy
100.0%
Price/Unit
$184,375
Price/Gross SF
$228.33
Gross SF
6,460

Investment Highlights

  • Great Unit Mix - All Two-Bedroom Units
  • Low in Place Rents - Value-Add Opportunity
  • Irreplaceable Location - Five-Minute Commute to Downtown Sacramento

Investment Overview

Marcus & Millichap is pleased to exclusively list 561 Pecan St, a value-add eight-unit apartment community located in West Sacramento, California. Every unit is a two-bedroom/one-bathroom floor plan, a preferable unit mix for suburban Sacramento. Although located just outside the core of Sacramento, the property is well located as it offers residents a five-minute commute to Downtown Sacramento, the employment and entertain epicenter for the northern California Central Valley. Residents will also be drawn to the properties proximity to modern amenities such as banks, grocery stores, restaurants, and West Sacramento's famed bridge district. The property is a short drive away from both Interstate 80 and US Hwy 50, allowing commuters quick freeway access and thus shorter driving times to anywhere in the Greater Sacramento region. 531 Pecan Street offers a value-add opportunity for the savvy investor who will capitalize on the properties functional advantages of being all Two Bedrooms in a strong rental location. Through mild interior renovation and a more aggressive management strategy, competitive sets suggest there is 25 percent in upside for the new owner. As the COVID-19 related demographic shifts continue to accelerate, secondary city markets continue to benefit from a population influx due to the exodus of larger coastal cities. What makes Sacramento truly unique is the relatively small construction pipeline in comparison to similar size cities experiencing similar population increases, further putting downward pressure on vacancy and driving rents. All tours must be scheduled with the listing agents. Please do not disturb residents or management.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower