5000 El Camino Ave - Apartments FOR SALE


Carmichael, CA 95608
$5,300,000 USD
916-835-8844
5000 El Camino Ave, Carmichael, CA for Sale
$5,300,000 USD
Apartments - FOR SALE
1/9
null | 5.98% Cap Rate

5000 El Camino Ave
Carmichael, CA 95608


HIGHLIGHTS

  • The property consists of 28 apartment units built in 1987 on approximately 1.1 acres.
  • Renovated residences feature stainless steel appliances, quartz countertops, updated cabinetry, new fixtures, and vinyl plank flooring.
  • The community offers a mix of one- and two-bedroom floor plans that appeal to a broad renter base.
  • Location along El Camino Avenue provides convenient access to employment centers, healthcare facilities, and educational institutions.
  • Continued renovation of remaining classic units provides a measurable opportunity to increase rental revenue.

OVERVIEW

Village Point is a 28-unit multifamily community located along El Camino Avenue in Carmichael, an established Sacramento County submarket positioned northeast of Downtown Sacramento. Built in 1987, the property offers a mix of one- and two-bedroom residences with a meaningful value-add component through continued interior renovations. Existing renovated units feature stainless steel appliances, quartz countertops, updated cabinetry, new sink fixtures, and vinyl plank flooring, providing a proven renovation program that supports rental growth. The asset benefits from a desirable suburban location with access to major employment, healthcare, education, and government centers throughout the Sacramento region. Nearby demand drivers include UC Davis, California State University Sacramento, UC Davis Health, Mercy General Hospital, and the expanding Aggie Square innovation district. The Sacramento metropolitan area continues to attract in-migration from higher-cost California markets, supported by relative housing affordability, a labor force exceeding 1.2 million people, and a diverse employment base spanning government, healthcare, education, and professional services. Current operations present an opportunity to capture additional revenue through the continued conversion of unrenovated units to the property's renovated finish standard. The offering includes a balanced unit mix, carport and surface parking, central HVAC systems, and a location within an established residential neighborhood supported by strong household incomes and long-term rental demand fundamentals. With homeownership costs substantially exceeding apartment rental costs in the area, Village Point is positioned to benefit from ongoing renter demand and future rent growth supported by the region's supply-constrained housing environment

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

28

PRICE/UNIT

$189,286

CAP RATE

5.98%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PRICE REDUCTION - Village Pointe Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

RD-30

APN/PARCEL ID

282-0040-045

ASK ABOUT THIS PROPERTY

Marc AndenmattenWalker & Dunlop, Inc.More Info
916-835-8844

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Marc AndenmattenWalker & Dunlop, Inc.More Info
916-835-8844

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