Property ID: Oak Crest Apartments

21345

A spacious 64-unit apartment complex with first class amenities, the Oak Crest Apartment community offers an investor a property that is well occupied. The mix of studio, 1 and 2 bedroom recently renovated apartments attract various tenants.

The property is located in the Sacramento sub-market of Arden Arcade. With ease of access to Interstate 80 and being only ten minutes from downtown Sacramento and 20 minutes from Roseville, this central location is perfect for an apartment community.

  • Gated access community
  • New appliances
  • Sparkling pool
  • Highly motivated seller
  • High occupancy - remaining vacancy will lead to NOI growth upon lease-up

Property Details

2229 Edison Avenue

Sacramento, CA

Neighborhood: Sacramento


Price: SOLD for $3,800,000

Building Size: 45,200 SF

Property Type: Multifamily

Subtype: Garden/Low-Rise

Lot Size: N/A

Number of Units: 64

APN/Parcel ID: 266-0032-010-0000

Price per Unit: $61,703

Use Type: Investment

Cap Rate: 6.34%

Gross Multiplier:

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