605 W El Camino Ave - Apartments FOR SALE


Sacramento, CA 95833- Northgate
$839,000 USD
916-937-0012
605 W El Camino Ave, Sacramento, CA for Sale
$839,000 USD
Apartments - FOR SALE
1/18
null | 5.75% Cap Rate

605 W El Camino Ave
Sacramento, CA 95833
Northgate


HIGHLIGHTS

  • 3 Miles from Downtown/Midtown
  • Electrical Panels Recently Replaced
  • Newly Gated Single Level Building
  • Dual Pane Windows & Pitch Composition Roof
  • Close Proximity to Employment Centers and Major Transportation Corridors
  • E?cient Unit Layouts with Functional Living Space

OVERVIEW

Please go to the following property website to Access OM: http://properties.expcommercial.com/605-west-el-camino-avenue-sacramento-sale Mejia Realty Group at eXp Commercial is pleased to present the opportunity to acquire 605 W El Camino Ave, a six-unit multifamily investment property located in North Sacramento, California. Built in 1956, this well-maintained apartment community offers investors stable in-place income, recent capital improvements, and future upside potential in a consistently performing rental submarket.  The property consists of six (6) one- bedroom, one- bathroom units, each approximately 500 square feet (Buyer to verify). The efficient floor plans cater to workforce and entry- level renters seeking affordability and functional living space. Recent ownership has completed replacement of the electrical panels, significantly reducing near-term capital expenditure requirements, improving building safety, and enhancing the property’ s insurability in California’ s evolving multifamily insurance environment.  The property has also been recently gated, improving security and tenant privacy, and features dual- pane windows that enhance energy efficiency and interior comfort. Additionally, the asset includes a dedicated on- site laundry room that is not currently in operation, presenting a straightforward opportunity for a new owner to activate an additional ancillary income stream with minimal capital investment.  Constructed with durable mid-century materials, the property features simple, functional unit layouts and a low-maintenance building profile. With continued rental growth in the Sacramento market and limited new supply of comparable affordable rental housing, the asset presents a compelling opportunity for investors seeking steady cash ?ow with long-term appreciation potential. This offering provides an attractive entry point into one of Northern California’ s most active multifamily investment markets. 605 W El Camino Ave is located in the Natomas submarket of Sacramento, a well-established residential corridor with consistent demand for rental housing. The property bene?ts from proximity to major transportation routes, including Interstate 80 and Interstate 5, providing convenient access throughout the greater Sacramento region. Residents enjoy close access to neighborhood retail centers, grocery stores, schools, and everyday services. The surrounding area is supported by Sacramento’s diverse employment base, including healthcare, government, logistics, and regional distribution hubs. This central positioning contributes to stable tenant demand and occupancy. With Sacramento continuing to experience population growth, limited multifamily construction, and rising housing costs, Natomas remains a dependable rental submarket for long-term apartment ownership. The property is well positioned to bene?t from these enduring market fundamentals. DRIVE BY ONLY. ALL PROPERTY SHOWINGS ARE SUBJECT TO SELLER ACCEPTED OFFER ONLY WITH PROOF OF FUNDS. PLEASE CONSULT LA FOR MORE DETAILS. PLEASE DO NOT DISTURB TENANTS.

FOR SALE DETAILS

PRICE

$839,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

6

PRICE/UNIT

$139,833

CAP RATE

5.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R-3

APN/PARCEL ID

262-0243-055

ASK ABOUT THIS PROPERTY

Luis MejiaMejia Realty GroupMore Info
916-937-0012

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Luis MejiaMejia Realty GroupMore Info
916-937-0012

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