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The Cushman & Wakefield Sacramento Multifamily Advisory Group as exclusive advisor, is pleased to present the opportunity to acquire Las Palmas Apartments, a 197 unit, market-rate multifamily community located in the highly desirable Carmichael submarket within Sacramento County. Built in 1960, an excellent opportunity to invest in a value add investment.

There is a highly attractive $18 million assumable loan currently in place with CIT Bank, N.A. with an interest rate of 3.35% with approximately nine years remaining on the fixed rate period. Strong operations in place providing excellent cash flow from day one. Well located asset in the center of several retail corridors with major retailers including Safeway, CVS, Walgreens, Grocery Outlet, Ace Hardware, Costo, WinCo Food and Trader Joe's all within five miles from the property.

Las Palmas
Offers Due:  Wednesday, June 7, 2023
197 Units
5307 Marconi Avenue
Carmichael, CA  95608
Posted: 4/26/2023