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Listing provided by LightBox Revere
695 Plaza AveSacramento, CA 95815
Plaza Estates Apartments
Asset ClassMultifamily
REO SALE
Overview
- Value‑Add Investment – Plaza Estates presents a clear value‑add execution strategy through the lease‑up of remaining vacancy and stabilization of in‑place rents. An investor with proven asset‑management capabilities can capture unrealized income, enhance cash flow, and drive NOI growth.
- Strong Workforce Housing Fundamentals – Strategically positioned to serve Sacramento’s workforce renter base, the property benefits from proximity to Downtown and Midtown Sacramento, McClellan Air Force Base, and Natomas. These employment links support consistent demand, durable occupancy, and long‑term rent sustainability.
- As-Is Acquisition with Pricing Advantage – Offered in “As-Is” condition, providing buyers with the opportunity to acquire below replacement cost and implement business plan improvements on their own timeline and capital structure.
- Quality Unit Mix – The asset features a highly marketable unit mix consisting of 41 one-bedroom/one-bath units averaging approximately 600 SF and 21 two-bedroom/one-bath units averaging approximately 750 SF, supporting broad renter appeal.
- Ancillary Income Upside – Additional NOI growth opportunity through the repositioning and modernization of two on-site laundry rooms, creating a scalable ancillary revenue stream with limited capital investment.
Investment Highlights
Year Built
1961
Occupancy
80%
# Units
62
Land
1.06 Acres
Pricing is To Be Determined By Market and Seller will respond to offers as they are presented.
Photo Gallery
695 Plaza AveSacramento, CA 95815
Sales Team
Listing provided by LightBox Revere