858-922-4181
3536 Watt Ave, Sacramento, CA for Sale
Apartments - FOR SALE
1/27
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3536 Watt Ave
Sacramento, CA 95821
Outer Arden-Arcade


HIGHLIGHTS

  • Assumable $11,400,000, 3.71% Fixed Interest Loan Due April, 2031.
  • Attractive, Well Balanced Unit Mix of One-, Two-, & three-Bedroom Floorplans, Appealing to Broad Tenant Base.
  • Strong Location, Close Proximity to Employment, Transit, & Retail Amenities.
  • Strong In-Place Cash Flow with Yield Enhancement Opportunity.
  • Acquire at Today's Pricing with Below-Market 3.71% Assumable Loan.
  • Contact Listing Agent to Obtain Full Offering Materials.

OVERVIEW

***Contact Listing Agents for Full Offering Materials and Tour Schedule*** ALIVE Commercial Real Estate, as the exclusive advisor, is pleased to present the opportunity to acquire Regalia Crest, a 128-unit multifamily community located at 3536 Watt Avenue in Sacramento, one of the region’s most densely populated and supply-constrained rental corridors. Originally constructed in 1976 and situated on approximately 2.62 acres, the Property consists of five, three-story residential buildings totaling over 100,000 square feet, strategically positioned along one of Sacramento’s primary north-south transportation corridors. The Property features a highly functional unit mix of one-, two-, and three-bedroom floor plans (60 one-bedroom, 65 two-bedroom, and 3 three-bedroom units), appealing to a broad tenant base and supporting stable occupancy. Community amenities include gated entry, swimming pool and spa, on-site laundry facility, covered parking, and an on-site leasing office, consistent with assets of similar size and competitive positioning. While prior ownership completed interior upgrades, there has not been a cohesive, property-wide renovation program since 2013-2015. As a result, many units feature a mix of finishes, including LVT flooring, painted original cabinetry, and resurfaced countertops, presenting a clear opportunity for a new owner to implement a more comprehensive and uniform interior upgrade strategy. A highly attractive and differentiating component of the offering is the assumable in-place financing, which includes an approximate loan balance of $11.4 million at a fixed interest rate of 3.71%, maturing April 1, 2031. In today’s elevated interest rate environment, this presents a rare opportunity for a Buyer to acquire the asset at current market pricing while benefiting from historically low, in-place debt originated during the post-COVID capital markets cycle. The ability to assume this favorable financing structure provides immediate cash flow advantages, execution certainty, and a meaningful hedge against today’s higher cost of capital, ultimately improving overall yield and investment performance.

FOR SALE DETAILS

PRICE

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# OF UNITS

128

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Regalia Crest Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1976

PARKING SPACES

143

LAND DETAILS

LAND ACRES

2.62 AC

LAND SF

114,127 SF

ZONING

RD30, Sacramento

APN/PARCEL ID

255-0141-037

ASK ABOUT THIS PROPERTY

Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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