3544-3554 Auburn Blvd
Sacramento, CA 95821
Lone Pine Apartments · Multifamily Property For Sale · 24 Units

Marcus & Millichap is pleased to present Lone Pine Apartments, a charming 24-unit apartment community located in Sacramento, California. The community features a mix of (22) two-bedroom/one-bathroom units with 800 rentable square feet and (2) one-bedroom/one-bathroom units with 650 rentable square feet. The purchaser of Lone Pine Apartments will enjoy upgraded interior units, spacious fourplex/cottage style units, and an opportunity to follow a proven upside strategy and bring rents up to market in one of the country's hottest and growing markets. Coastal migration inland and the lack of new apartment construction in suburban Sacramento positions Lone Pine well to continue an upward trend in rents coupled with very low vacancy .The more than $500 gap between the average rent and a monthly mortgage payment bodes well for the multifamily sector going into 2019. The property is conveniently located near the Watt Avenue access to Interstate 80, the major east-west transportation corridor for the greater Sacramento region. A few miles west of the property on Interstate 80, residents arrive at a thriving Downtown/Midtown Sacramento, which is the major employment hub for the region and home to the newly constructed Golden 1 Center. The property is also within a short driving distance to Arden Fair Mall, one of the regions largest shopping malls. All tours must be scheduled through listing agent. Please do not disturb management.