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Marconi Meadows Apartments 4730 Marconi Ave 64 Unit Apartment Building $11,000,000 ($171,875/Unit) 6.12% Cap Rate Carmichael, CA 95608
Investment Highlights
- Active Improvement Program with 45 units completely renovated
- Well-balanced Unit Mix
- Excellent Regional & Local Location
- SB 721 Balcony Inspection Complete (no work required, monitoring only)
- Resilient Average Rent Increased 2.7% in 2025 (36% since Oct. 2020)
Executive Summary
PROPERTY
Marconi Meadows Apartments is a well-maintained, one- and two-story, apartment community with a highly desirable and balanced unit
mix of 1BR (56%) and 2BR (44%) units. The property consists of 64 apartment homes with units ranging in size from 564 SF to 865 SF.
Ownership continues to engage in an active renovation program at the property, including both interior and exterior improvements.
Approximately 45 units at the property have been completely renovated to date.
LOCATION
Marconi Meadows is located in the unincorporated district of Carmichael, Sacramento County. Carmichael is mostly characterized as a
stable, resilient housing market with a high demand for workforce housing. This submarket remains tight at an impressive average
occupancy rate north of 95%. The property is ideally located near several major transportation arterials, providing easy access to both
employment and shopping destinations throughout the Sacramento metro region.
Marconi Meadows Apartments is a well-maintained, one- and two-story, apartment community with a highly desirable and balanced unit
mix of 1BR (56%) and 2BR (44%) units. The property consists of 64 apartment homes with units ranging in size from 564 SF to 865 SF.
Ownership continues to engage in an active renovation program at the property, including both interior and exterior improvements.
Approximately 45 units at the property have been completely renovated to date.
LOCATION
Marconi Meadows is located in the unincorporated district of Carmichael, Sacramento County. Carmichael is mostly characterized as a
stable, resilient housing market with a high demand for workforce housing. This submarket remains tight at an impressive average
occupancy rate north of 95%. The property is ideally located near several major transportation arterials, providing easy access to both
employment and shopping destinations throughout the Sacramento metro region.
Property Facts
| Price | $11,000,000 | Apartment Style | Garden |
| Price Per Unit | $171,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.08 AC |
| Cap Rate | 6.12% | Building Size | 44,904 SF |
| Gross Rent Multiplier | 9.15 | Average Occupancy | 95% |
| No. Units | 64 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2020 |
| Property Subtype | Apartment | Parking Ratio | 2.2/1,000 SF |
| Zoning | RD30, Sacramento - Residential | ||
| Price | $11,000,000 |
| Price Per Unit | $171,875 |
| Sale Type | Investment |
| Cap Rate | 6.12% |
| Gross Rent Multiplier | 9.15 |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.08 AC |
| Building Size | 44,904 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2020 |
| Parking Ratio | 2.2/1,000 SF |
| Zoning | RD30, Sacramento - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Ceiling Fans
- Tile Floors
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Freezer
- Patio
- Vinyl Flooring
- Window Coverings
Site Amenities
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Gated
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | 564 - 743 |
| 2+1 | 28 | - | 765 |
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Property Taxes
| Parcel Number | 271-0170-029 | Improvements Assessment | $4,642,342 |
| Land Assessment | $1,508,759 | Total Assessment | $6,151,101 |
Property Taxes
Parcel Number
271-0170-029
Land Assessment
$1,508,759
Improvements Assessment
$4,642,342
Total Assessment
$6,151,101
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Marconi Meadows Apartments | 4730 Marconi Ave
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