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Cottage Estates 2900 Channel Ct 152 Unit Apartment Building $24,000,000 ($157,895/Unit) 5.75% Cap Rate Sacramento, CA 95825
Investment Highlights
- Current in-place rents are approximately 8.3% below current published CTCAC maximum allowable rents
- Opportunity Zone designation providing potential tax advantages for qualified investors
- Immediate access to major retail corridors, recreation amenities, and transportation infrastructure
- Central Sacramento infill location within the Arden- Arcade submarket
- Proximity to Kaiser Permanente Sacramento Medical Center and major regional employment nodes
- Located within a high-demand affordable and workforce housing market
Executive Summary
Cottage Estates presents the opportunity to acquire a well located multifamily community in Sacramento’s established Arden-Arcade submarket. Located at 2900 Channel Court, the Property benefits from a highly desirable central infill location with convenient access to major employment centers, regional transportation corridors, healthcare institutions, retail amenities, and recreational destinations.
The Property is situated within one of Sacramento County’s most supply-constrained residential corridors, where limited remaining development sites and continued population growth support long-term housing demand fundamentals. The surrounding neighborhood provides immediate access to Interstate 80, Business 80, and Highway 50, offering strong connectivity throughout the Sacramento metropolitan area.
Cottage Estates offers investors a compelling combination of stable in-place operations, long-term affordable housing
demand, and future repositioning flexibility.
Cottage Estates is subject to existing affordability restrictions through both a Sacramento Housing & Redevelopment Agency (“SHRA”) HOME Regulatory Agreement and a California Tax Credit Allocation Committee (“CTCAC”) Low-Income Housing Tax Credit (“LIHTC”) Regulatory Agreement. A summary of the agreements is found in the Property Description section of the Offering Memorandum.
The Property is situated within one of Sacramento County’s most supply-constrained residential corridors, where limited remaining development sites and continued population growth support long-term housing demand fundamentals. The surrounding neighborhood provides immediate access to Interstate 80, Business 80, and Highway 50, offering strong connectivity throughout the Sacramento metropolitan area.
Cottage Estates offers investors a compelling combination of stable in-place operations, long-term affordable housing
demand, and future repositioning flexibility.
Cottage Estates is subject to existing affordability restrictions through both a Sacramento Housing & Redevelopment Agency (“SHRA”) HOME Regulatory Agreement and a California Tax Credit Allocation Committee (“CTCAC”) Low-Income Housing Tax Credit (“LIHTC”) Regulatory Agreement. A summary of the agreements is found in the Property Description section of the Offering Memorandum.
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Property Facts
| Price | $24,000,000 | Building Class | C |
| Price Per Unit | $157,895 | Lot Size | 9.66 AC |
| Sale Type | Investment | Building Size | 133,000 SF |
| Cap Rate | 5.75% | Average Occupancy | 98% |
| No. Units | 152 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | RD30 | ||
| Price | $24,000,000 |
| Price Per Unit | $157,895 |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| No. Units | 152 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 9.66 AC |
| Building Size | 133,000 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.41/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RD30 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
- Property Manager on Site
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 279-0140-058 | Improvements Assessment | $8,088,794 |
| Land Assessment | $2,766,573 | Total Assessment | $10,855,367 |
Property Taxes
Parcel Number
279-0140-058
Land Assessment
$2,766,573
Improvements Assessment
$8,088,794
Total Assessment
$10,855,367
Contacts
-
Patrick Ronan -
Gary Gallelli -
Adam Rainey -
Aman Bains -
Lauren Borg -
Gallelli Real Estate
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Cottage Estates | 2900 Channel Ct
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