5500 Foothill Gardens Ct - Apartments FOR SALE


Sacramento, CA 95841- North Highlands
$9,200,000 USD
916-833-8346
5500 Foothill Gardens Ct, Sacramento, CA for Sale
$9,200,000 USD
Apartments - FOR SALE
1/23
null | 5.44% Cap Rate

5500 Foothill Gardens Ct
Sacramento, CA 95841
North Highlands


HIGHLIGHTS

  • Stable Operating History with 3.52% Interest-Only Assumable Financing
  • Quiet Cul-de-Sac Setting in a Suburban Neighborhood
  • Large, Diverse Floorplans in Units that Feature Double Pane Windows, Individual Water Heaters, and Select Upgraded Interiors

OVERVIEW

Please visit www.venturagardens.com for access to full virtual deal room. Marcus & Millichap is pleased to present Ventura Gardens Apartments, a 56 unit apartment community located in the unincorporated county of Sacramento. The property features a diverse unit mix of studios, one-bedroom and two-bedroom floorplans all tucked back at the end of a quiet cul-de-sac. The resulting ambiance is pleasing and unique for apartment living. The competitive landscape and recent leasing activity strongly suggest that there is nearly 10 percent loss-to-lease present in the rent roll for the next owner to capture. The profitability of Ventura Gardens will continue to strengthen as the next owner extrapolates on the current interior renovation program already underway. Current ownership has performed unit renovations to varying degrees during turnovers with finishes that include resurfaced countertops, painted cabinets with brush nickel hardware, vertical blinds with valances, vinyl plank flooring in the wet areas, and new carpet in the bedrooms. A strong amenity package includes a large swimming pool, a nearby furnished gazebo and BBQ area, a leasing office and onsite laundry facilities. One of the buildings had a new roof installed in 2025 and the building received a fresh coat of paint recently. Beyond the quality of the interior finishes and charm of the grounds, residents will be attracted to Ventura Gardens for its proximity to American River College and Interstate 80 a major east-west transportation corridor in the Sacramento MSA. All windows at the property have been upgraded to double pane, assisting residents with reduced utility bills Individual hot water heaters also help reduce the utility bill for the owner, a unique feature for the vintage. The savvy investor will see the intrinsic value of the real estate and work toward executing a value-add strategy that supports yields above 8 percent in the future.

FOR SALE DETAILS

PRICE

$9,200,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

56

PRICE/UNIT

$164,286

CAP RATE

5.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ventura Gardens Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

RD40

APN/PARCEL ID

230-0480-013

ASK ABOUT THIS PROPERTY

Tony DeLoneyMarcus & MillichapMore Info
916-833-8346

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Tony DeLoneyMarcus & MillichapMore Info
916-833-8346

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