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2621-2631 Howe Ave
Sacramento, CA 95821
Arden Tropical Garden · Multifamily Property For Sale
·
38 Units
INVESTMENT HIGHLIGHTS
- Professionally managed since January 2024
- Brand new roof installed in 2021 / 2022
- Less than 5 miles from Downtown / Midtown via CA - 160
- $200,000 spent in Capital Improvements since 2024 (17 units rehabbed since 2024)
- Opportunity to Implement RUBS & Capture Loss-to-Lease
- Close proximity to Howe Bout Arden shopping center, Point West Office Park, Cal Expo, Costco, Sac State University, American River College, Arden Fair
EXECUTIVE SUMMARY
Le Commercial Team is pleased to present The Arden Tropical Apartments, a 38 unit multifamily
opportunity located a short distance from Downtown Sacramento and only a few minutes drive from
the Howe Bout Arden and the Arden Fair shopping centers. Arden Tropical is comprised of two 2-Story
buildings on 1.17 acres and features (17) - 1BR/1BA units and (21) - 2BR/1BA units with a new roof
installed in 2021 / 2022. Additionally, a new owner has the opportunity to acquire a well-located
property and potential upside to capturing loss to lease and implement RUBS / Flat Rate to offset utility
expenses. Please do not disturb managers or tenants. Please reach out to listing agent for tours.
opportunity located a short distance from Downtown Sacramento and only a few minutes drive from
the Howe Bout Arden and the Arden Fair shopping centers. Arden Tropical is comprised of two 2-Story
buildings on 1.17 acres and features (17) - 1BR/1BA units and (21) - 2BR/1BA units with a new roof
installed in 2021 / 2022. Additionally, a new owner has the opportunity to acquire a well-located
property and potential upside to capturing loss to lease and implement RUBS / Flat Rate to offset utility
expenses. Please do not disturb managers or tenants. Please reach out to listing agent for tours.
PROPERTY FACTS Under Contract
| Price Per Unit | $149,999 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.17 AC |
| No. Units | 38 | Building Size | 28,200 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1974 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RD40, Sacramento | ||
| Price Per Unit | $149,999 |
| Sale Type | Investment |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.17 AC |
| Building Size | 28,200 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Opportunity Zone |
Yes |
| Zoning | RD40, Sacramento |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Kitchen
- Range
- Walk-In Closets
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | - | 650 |
| 2+1 | 21 | - | 850 |
PROPERTY TAXES
| Parcel Number | 266-0345-018 | Improvements Assessment | $3,647,746 |
| Land Assessment | $847,792 | Total Assessment | $4,495,538 |
PROPERTY TAXES
Parcel Number
266-0345-018
Land Assessment
$847,792
Improvements Assessment
$3,647,746
Total Assessment
$4,495,538
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