Historical Multifamily Sale Listing - Westwood Apartments

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Westwood Apartments

4900 Marconi Avenue, Carmichael, CA 95608

N/A

182 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
182
Building Size:
148,460 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
6.68%
Gross Rent Multiplier:
8.26
No. Stories:
2
Lot Size:
7.60 AC
Parking Ratio:
1.24 / 1,000 SF
Listing ID
13915500
Last Updated
over 1 year ago

Highlights

  • PRICE REDUCTION!
  • Potential upside to rents
  • Ideal in-fill location
  • Excellent access to largest area employment centers
  • Recent Upgrades
  • Must assume existing financing

Description

This property has the most unique floor and site plan(s) in this submarket. The unit mix consists of studios and one, two and three bedroom units. 69% of the units are one bedroom. The property is gated, has two on-site laundry facilities, a new fitness center and leasing office in 29 total buildings. There is ample parking and storage available. The current owners have made recent upgrades. Phase 1 built in 1967. Phase 2 built in 1986.

Excellent Sacramento in-fill location surrounded by the areas largest employment centers such as McClellan Park (former AFB).

Map of 4900 Marconi Avenue, Carmichael, CA 95608

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Created 5/5/2004