Value-Add Multifamily
For Sale
Contact for pricing
Pending
1601 Cormorant Way, Sacramento, CA 95815
Ashley Place is a 48-unit multifamily property built in 1962 with value-add renovation potential.
Property SizeContact for details
Days on Market147
Property Features for 1601 Cormorant Way
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Multifamily Units
48
Building Details
Year Built
1962
Listing Agency:
eXp Commercial of California Inc.
Listed By:
Brett Swarts · License #CalBRE# 01774876
Source:
Crexi
Added: Apr 12
Changed: Aug 13
Last Checked: Sep 2 at 3:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial of California Inc.
Investment Insights
Based on property information with market context.
Ashley Place is a 48-unit multifamily property constructed in 1962. The offering highlights value-add opportunities through interior unit renovations, along with enhancements to common areas and improvements to operations.
The property is located in the Arden/Arcade submarket of Sacramento. The remarks describe the area as a highly desirable rental market and note it as the fastest-growing city in California.
For buyers and investors focused on repositioning, this property presents a straightforward framework centered on unit and common-area upgrades and operational improvements, supported by the 1962 build date and the stated renovation focus.
The property is located in the Arden/Arcade submarket of Sacramento. The remarks describe the area as a highly desirable rental market and note it as the fastest-growing city in California.
For buyers and investors focused on repositioning, this property presents a straightforward framework centered on unit and common-area upgrades and operational improvements, supported by the 1962 build date and the stated renovation focus.
Key Highlights
- 48‑unit multifamily property (Ashley Place) built in 1962
- Value‑add renovation potential with interior unit renovations
- Includes the opportunity to enhance common areas and improve operations
Property Analytics
Property Profile
Current Use
Lease Details
48
Residential units
Location Intelligence
Trade Area within ½ mile
1,256
Businesses Nearby
Explore this area
Business Placement
Demographics for 95815, CA
27,838
Population
10,527
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
3,615
Density / Sq Mi
$58,590
Median Household Income
$37,199
Median Earnings
$1,448
Median Rent
$298,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Ashley Place is a 48-unit multifamily property built in 1962 with value-add renovation potential.
Where is this apartment building located?
The property is located at 1601 Cormorant Way Sacramento, CA.
What are key features of this property?
This property features: 48‑unit multifamily property (Ashley Place) built in 1962; Value‑add renovation potential with interior unit renovations; Includes the opportunity to enhance common areas and improve operations
