18093 Lasso Loop - Apartments FOR SALE


Penn Valley, CA 95946
$670,000 USD
530-210-3636
18093 Lasso Loop, Penn Valley, CA for Sale
$670,000 USD
Apartments - FOR SALE
1/33
null | 5% Cap Rate

18093 Lasso Loop
Penn Valley, CA 95946


HIGHLIGHTS

  • Close to Town Center and Gateway Park
  • Great Neighborhood
  • Energy Efficient / Fire Proof New Construction

OVERVIEW

Investment Opportunity – Workforce Housing Portfolio, Penn Valley Town Center Acquire two newly constructed 2-bedroom / 2-bath units (Units A & B) in a duplex development created by the NevCo West Community Land Trust, located in the heart of Penn Valley. This offering enables investors to partner in delivering much-needed middle-income housing while generating reliable returns and positive community impact. Ideal for socially minded investors seeking stable cash flow, minimal management obligations, and measurable community impact. Unit A - 948 SF - $355,000 Unit B - 780 SF - $315,000 Unit C - Coming Soon Key Features - Two separate units (and a third under construction), each sold individually but listed together as a packaged investment opportunity. - Rents structured to remain affordable for the middle-income segment and set to yield approximately 5% in Year 1, with growth potential up to 7% by Year 10. Realized gains annually, with a 3% appreciation cap realized at the time of resale. - Property held pursuant to a 99-year renewable ground lease model, preserving long-term affordability while allowing investor resale under favorable terms. - Full turnkey management provided: tenant screening, onsite maintenance, bookkeeping—investors receive monthly income with no landlord responsibilities. - Designed and delivered below typical market cost so that affordability and profit are aligned: you invest, earn, and support the local workforce housing pipeline. Why This Is a Strategic Match - Strong social value + investment yield: you align capital with community benefit, creating housing access while earning solid returns. - Market positioning: Penn Valley town center offers visibility, accessibility, and demand for workforce housing. - Scalable model: With the ground lease structure and CLT stewardship, risk is mitigated and long-term stability is built in. *Listing reflects combined portfolio; potential to own one or both units (subject to separate sale terms) for flexibility.

FOR SALE DETAILS

PRICE

$670,000 USD

PRICE/SF

$388 USD /SF

# OF UNITS

2

PRICE/UNIT

$335,000

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

ResAg-PD

APN/PARCEL ID

051-200-016-000

ASK ABOUT THIS PROPERTY

Chris RingGold Country Ranches & RealtyMore Info
530-210-3636

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Chris RingGold Country Ranches & RealtyMore Info
530-210-3636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.