5500 Foothill Gardens Ct - Apartments FOR SALE


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

5500 Foothill Gardens Ct
Sacramento, CA 95841
North Highlands


HIGHLIGHTS

  • Strong Operating History Property in a Quiet Cul-de-Sac Suburban Setting
  • Large, Diverse Floorplans in Units that Feature Double Pane Windows, Individual Water Heaters, and Select Upgraded Interiors
  • Interior Renovation Program Currently Underway - Resurfaced Countertops, Vinyl Plan Flooring in Wet Areas, New Carpet in Bedrooms
  • New Roofs Installed on Multiple Buildings in 2025 & 2026

OVERVIEW

The DeLoney Group is pleased to exclusively present Ventura Gardens Apartments, a 56-unit multifamily community located in unincorporated Sacramento County. Situated within a quiet residential neighborhood at the end of a secluded cul-de-sac, the property consists of three two-story residential buildings encompassing approximately 35,650 rentable square feet on 0.59 acres. Ventura Gardens offers a desirable mix of studio, one-bedroom, and two-bedroom floor plans that appeal to a broad renter demographic, supported by a private residential setting, landscaped grounds, a swimming pool, gazebo with BBQ area, onsite laundry facilities, and ample parking. Current ownership has implemented a thoughtful interior renovation program during unit turnover, creating a proven blueprint for continued value creation. Renovated residences feature resurfaced countertops, refinished cabinetry with brushed nickel hardware, updated flooring, modern window treatments, and refreshed interior finishes that position the property to compete effectively within the surrounding rental market. In addition to its interior improvements, Ventura Gardens has benefited from meaningful exterior capital investment. All apartment homes have been upgraded with dual-pane windows that improve resident comfort and energy efficiency, while individual water heaters reduce owner utility expenses—an uncommon operational advantage for properties of this vintage. Furthermore, multiple buildings received a new roofs in 2025 and 2026, and exterior painting has recently been completed, reducing near-term capital expenditure requirements. The investment is further enhanced by the availability of an attractive 3.52% interest-only assumable Fannie Mae loan with a balance of $3,991,000, providing investors with below-market financing into 2031 and creating an immediate competitive advantage in today's lending environment. Strategically positioned just minutes from American River College, Interstate 80, and numerous retail, employment, and healthcare destinations, Ventura Gardens benefits from excellent regional connectivity and access to one of Northern California's most stable employment markets. Sacramento continues to experience long-term population and household growth supported by government, healthcare, education, and technology employment sectors, reinforcing durable multifamily demand throughout the region. Combining stable in-place operations, recent capital improvements, below-market assumable financing, and a clearly defined value-add strategy, Ventura Gardens represents an exceptional opportunity to acquire a well positioned multifamily investment with immediate income, meaningful upside, and long-term appreciation potential in one of Northern California's most resilient apartment markets.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$252 USD /SF

# OF UNITS

56

PRICE/UNIT

$160,714

CAP RATE

Request Cap Rate

% 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 Notice.