6815 24th St - Apartments FOR SALE


Sacramento, CA 95822- Woodbine
$6,500,000 USD
510-387-7049
6815 24th St, Sacramento, CA for Sale
$6,500,000 USD
Apartments - FOR SALE
1/28
null | 5.71% Cap Rate

6815 24th St
Sacramento, CA 95822
Woodbine


HIGHLIGHTS

  • All single-story units with private patios
  • Recent improvements include: new roof, new HVAC, new dog park & dog walk, and upgraded mailboxes
  • Designated parking for residents
  • Tenants pay $50/mo. in RUBS
  • On-site renovated laundry facility

OVERVIEW

Kidder Mathews is pleased to present the Alta Redwood Terrace Apartments, a 42-unit apartment complex situated at 6815 24th Street in Sacramento, California. Set on a spacious 1.68 acres (73,180 SF), this multifamily community boasts a total rental square footage of 27,150. Recent improvements, including a new roof, a welcoming dog walk, and upgraded mailboxes, elevate the overall appeal of the property. Residents enjoy the convenience of assigned parking and an on-site laundry room. Constructed in 1964 and thoughtfully remodeled in recent years, Redwood Alta features a variety of amenities that enhance residents' lifestyles. These include a dedicated professional leasing office, a resident laundry facility, private enclosed patios, cozy fireplaces, modern garbage disposals, microwaves, electric stove/ovens, air-conditioning, and oversized closets. Families will appreciate the children's play area, providing a safe space for outdoor activities. Strategically located near Woodbine Elementary School, the complex offers picturesque views of Woodbine Park, creating an attractive environment for potential tenants. With strong rent growth and increasing RUBS utility charges moving toward full penetration, this property is well-positioned to capitalize on the ongoing supply shortage in the local apartment market. Alta Redwood Terrace Apartments presents an exceptional investment opportunity, poised for yield in California's vibrant Capitol city.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

42

PRICE/UNIT

$154,762

CAP RATE

5.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alta Redwood Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

R-3-R-EA-4

APN/PARCEL ID

041-0014-010,041-0014-011

ASK ABOUT THIS PROPERTY

Louis KwokKidder MathewsMore Info
510-387-7049

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Louis KwokKidder MathewsMore Info
510-387-7049

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