PRICE REDUCTION - Village Pointe Apartments 5000 El Camino Ave 28 Unit Apartment Building $5,300,000 ($189,286/Unit) 5.98% Cap Rate Carmichael, CA 95608

Village Point is a 28-unit multifamily community located along El Camino Avenue in Carmichael, an established Sacramento County submarket positioned northeast of Downtown Sacramento. Built in 1987, the property offers a mix of one- and two-bedroom residences with a meaningful value-add component through continued interior renovations. Existing renovated units feature stainless steel appliances, quartz countertops, updated cabinetry, new sink fixtures, and vinyl plank flooring, providing a proven renovation program that supports rental growth.
The asset benefits from a desirable suburban location with access to major employment, healthcare, education, and government centers throughout the Sacramento region. Nearby demand drivers include UC Davis, California State University Sacramento, UC Davis Health, Mercy General Hospital, and the expanding Aggie Square innovation district. The Sacramento metropolitan area continues to attract in-migration from higher-cost California markets, supported by relative housing affordability, a labor force exceeding 1.2 million people, and a diverse employment base spanning government, healthcare, education, and professional services.
Current operations present an opportunity to capture additional revenue through the continued conversion of unrenovated units to the property's renovated finish standard. The offering includes a balanced unit mix, carport and surface parking, central HVAC systems, and a location within an established residential neighborhood supported by strong household incomes and long-term rental demand fundamentals. With homeownership costs substantially exceeding apartment rental costs in the area, Village Point is positioned to benefit from ongoing renter demand and future rent growth supported by the region's supply-constrained housing environment