695 Plaza Ave - Apartments FOR SALE


Sacramento, CA 95815- Old North Sacramento
$8,250,000 USD
925-940-0944
695 Plaza Ave, Sacramento, CA for Sale
$8,250,000 USD
Apartments - FOR SALE
1/21
null | 7.91% Cap Rate

695 Plaza Ave
Sacramento, CA 95815
Old North Sacramento


HIGHLIGHTS

  • Plaza Estates in Sacramento’s Old North neighborhood offers a rare multifamily investment with 62 units blending urban and suburban conveniences.
  • Tenants benefit from gated access, recent exterior updates, and ample parking in a vibrant community near amenities, parks, and cultural hubs.
  • This well-positioned two-building complex features a mix of one- and two-bedroom units, meeting rising rental demand in a highly walkable area.
  • With swift access to major freeways and transit corridors, Plaza Estates welcomes investors seeking growth in Sacramento’s thriving rental market.

OVERVIEW

Within Sacramento's bustling Old North neighborhood, Plaza Estates at 695 Plaza Avenue presents a rare opportunity to acquire a well-positioned, income-producing multifamily asset in a historically rich community. This two-building, 62-unit multifamily complex includes 41 one-bedroom, one-bathroom units and 21 two-bedroom, two-bathroom units. Residents enjoy secure living with gated access from two separate entry points, and recent exterior painting adds to the property's curb appeal. Exterior staircases provide convenient access to upper-level units. The property has dedicated management to ensure quick attention to service and administrative requests. Plaza Estates offers residents the ideal blend of suburban tranquility and urban convenience. Minutes from locally known Hagginwood Park, the area boasts an eclectic mix of architecture and community charm. From strolls through green spaces to antique hunting along Del Paso Boulevard and dining at local favorites like Lil Joe's and Sammy's Restaurant, Old North Sacramento provides a highly livable and walkable environment. Despite the area's density, the property's ample surface parking, with approximately 56 spaces, offers a distinct advantage rarely found in this vibrant neighborhood. With proximity to major transit corridors, including the Capital City Freeway, Interstate 80, and Interstate 5, this location is ideal for commuters and city dwellers. As housing demand in Sacramento continues to rise, Plaza Estates stands out as a prime investment opportunity to expand or establish a multifamily portfolio. The unit mix, strategic location, and growing rental demand in the area underscore this asset's long-term value and upside potential.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

62

PRICE/UNIT

$133,065

CAP RATE

7.91%

% LEASED

70%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

R2B, Sacramento

APN/PARCEL ID

263-0203-022

ASK ABOUT THIS PROPERTY

Anthony PappageorgeNorthmarqMore Info
925-940-0944

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Anthony PappageorgeNorthmarqMore Info
925-940-0944

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