Overview
The Mogharebi Group is pleased to present the opportunity to acquire The Regency Apartments, a 130- unit gated multifamily asset located at 5900 Riza Avenue in Sacramento, California. The community is made up of sixteen two-story buildings offering residents a varied mix of one-, two-, and three-bedroom floorplans. The Regency Apartments boasts a variety of highly desirable amenities appealing to a wide range of tenants, the playground and barbeque courtyard are among the most notable inclusions. Amenities don’t stop at the property’s secured access gates however, as the area surrounding The Regency Apartments hosts an abundance of local conveniences, many of which are easily within walking distance. Additionally, commuting residents can enjoy the property’s close proximity to the 99 freeway, allowing easy and direct access to major regional job markets.
Investment Highlights
High-Yield Opportunity with Strong In-Place Cash Flow: The Regency Apartments offers an investor the ability to achieve an attractive yield with stable, in-place income
.
Potential NOAH Asset – May Qualify for Tax Exemption: With its convenient location one block off Florin Road, a major commercial thoroughfare, The Regency is in close proximity to numerous grocery stores, shops, dining options, and service-based businesses. The property also enjoys easy access to Highway 99, which connects residents to Downtown and the education, retail, entertainment, and employment centers found throughout the Sacramento region. Additionally, The Regency may qualify as a Naturally Occurring Affordable Housing (NOAH) asset, presenting the potential for a property tax exemption.
Attractive Assumable Loan with Low Down Payment: An investor can benefit from assuming a newly obtained loan featuring a low-down payment and 5-year interest only structure at 5.48%. This financing arrangement allows investors to minimize equity requirements while locking in favorable debt terms
Solid Cash Flow with Immediate Rental Upside: The property is 98% occupied with a 5.2% loss-to-lease, this allows for the potential to immediately increase yield without committing to any major capital improvements.
98%+ Occupancy with Highly Desirable Unit Mix: The property has consistent tenant demand supported by its varied unit mix and offers a balanced distribution of one-, two-, and three-bedroom floor plans that appeal to a wide renter demographic, in a market with sustained housing demand.
Turnkey Condition - Recent Renovations Completed: The Regency is offered in turnkey condition, having benefited from recent capital improvements including updated unit interiors with granite countertops, wood-style flooring, and modern appliances. Common areas feature playgrounds, BBQ courtyards, and controlled-access gates, providing an attractive, well-maintained community that supports premium rents.
Prime Sacramento Location Commutable to Over 1.3 Million Jobs: Situated just off Sacramento Boulevard, the property is within walking distance to a plethora of restaurants and retail conveniences, most notably Pacific Plaza shopping mall, which sits just half a mile away. Within a 15-minute, 30 minute, and hour commute of The Regency Apartments are approximately 206 thousand, 682 thousand, and 1.3 million jobs, respectively.
Photo Gallery
Sales Team
