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Sunrise Apartments 500 Sunrise Ave 26 Unit Apartment Building $5,685,000 ($218,654/Unit) 5.97% Cap Rate Roseville, CA 95661
Investment Highlights
- Unit Layout offers 1 and 2 bedroom apartments; recent upgrades completed; outdoor swimming pool; on-site manager
Executive Summary
An exceptional opportunity to acquire a fully renovated, 26-unit multifamily property. The asset features premium modern finishes and extensive capital improvements. This property ensures immediate rental growth, low maintenance costs, and long-term value appreciation.
All units have been upgraded and have: built-in microwave, dishwasher, garbage disposal, new carpet/lino, new counters, new lighting, new kitchen cabinets, electric stove,
grab bars in bathroom, new medicine cabinets, gas wall heat, air conditioning, ceiling fan, new paint and security doors.
There is an exterior fire alarm system and Knox Box, Laundry room on site - Owner owned equipment, along with a vending machine; office on site; storage units for tenants; new redwood walkways; pool refinished with new plaster and equipment; French drain in courtyard; new iron gates and security cameras. On-site parking.
All units have been upgraded and have: built-in microwave, dishwasher, garbage disposal, new carpet/lino, new counters, new lighting, new kitchen cabinets, electric stove,
grab bars in bathroom, new medicine cabinets, gas wall heat, air conditioning, ceiling fan, new paint and security doors.
There is an exterior fire alarm system and Knox Box, Laundry room on site - Owner owned equipment, along with a vending machine; office on site; storage units for tenants; new redwood walkways; pool refinished with new plaster and equipment; French drain in courtyard; new iron gates and security cameras. On-site parking.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$549,000
|
$32.36
|
| Other Income |
$7,200
|
$0.42
|
| Vacancy Loss |
$11,124
|
$0.66
|
| Effective Gross Income |
$545,076
|
$32.12
|
| Taxes |
$45,804
|
$2.70
|
| Operating Expenses |
$159,846
|
$9.42
|
| Total Expenses |
$205,650
|
$12.12
|
| Net Operating Income |
$339,426
|
$20.00
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $549,000 |
| Annual Per SF | $32.36 |
| Other Income | |
|---|---|
| Annual | $7,200 |
| Annual Per SF | $0.42 |
| Vacancy Loss | |
|---|---|
| Annual | $11,124 |
| Annual Per SF | $0.66 |
| Effective Gross Income | |
|---|---|
| Annual | $545,076 |
| Annual Per SF | $32.12 |
| Taxes | |
|---|---|
| Annual | $45,804 |
| Annual Per SF | $2.70 |
| Operating Expenses | |
|---|---|
| Annual | $159,846 |
| Annual Per SF | $9.42 |
| Total Expenses | |
|---|---|
| Annual | $205,650 |
| Annual Per SF | $12.12 |
| Net Operating Income | |
|---|---|
| Annual | $339,426 |
| Annual Per SF | $20.00 |
Property Facts
| Price | $5,685,000 | Apartment Style | Low-Rise |
| Price Per Unit | $218,654 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.84 AC |
| Cap Rate | 5.97% | Building Size | 16,968 SF |
| Gross Rent Multiplier | 10.36 | Average Occupancy | 90% |
| No. Units | 26 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2026 |
| Property Subtype | Apartment | Parking Ratio | 1.53/1,000 SF |
| Zoning | R-4, Roseville | ||
| Price | $5,685,000 |
| Price Per Unit | $218,654 |
| Sale Type | Investment |
| Cap Rate | 5.97% |
| Gross Rent Multiplier | 10.36 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 16,968 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2026 |
| Parking Ratio | 1.53/1,000 SF |
| Zoning | R-4, Roseville |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Ice Maker
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Double Pane Windows
- Family Room
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $1,650 | 576 |
| 2+1 | 9 | $1,950 | 720 |
| 2+1 | 1 | $1,800 | 720 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 014-432-006 | Total Assessment | $4,503,850 |
| Land Assessment | $728,280 | Annual Taxes | $45,804 ($2.70/SF) |
| Improvements Assessment | $3,775,570 | Tax Year | 2026 |
Property Taxes
Parcel Number
014-432-006
Land Assessment
$728,280
Improvements Assessment
$3,775,570
Total Assessment
$4,503,850
Annual Taxes
$45,804 ($2.70/SF)
Tax Year
2026
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Sunrise Apartments | 500 Sunrise Ave
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