Renovated Multifamily Apartment Community with
For Sale
Contact for pricing
1741 Wright St, Sacramento, CA 95825
Fully renovated 1960s-era apartment community with pool, fitness center, clubhouse, and on-site management/leasing office.
Property Size48,600 SF
Price / SF$246.91
Days on Market51
Property Features for 1741 Wright St
General Information
Standard status
Active
Size
48,600 SF
Property subtype
Multifamily
Building Details
Year Built
1963
Year Renovated
2019
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Sacramento
(916) 724-1359
Listed By:
David DeLoney · License #CA 02045150
Source:
Crexi
Added: Jun 17
Changed: Jul 10
Last Checked: Aug 5 at 1:15PM
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 Marcus & Millichap - Sacramento
Investment Insights
Based on property information with market context.
Alta Vista Commons Apartments is a multifamily apartment community built in 1963 and fully renovated in 2017–2019. The property includes community amenities such as a swimming pool, fitness center, and clubhouse, along with a Management/Leasing Office. Ownership has completed exterior and site-related improvements including landscaping upkeep, window upgrades, interior upgrades, asphalt improvements, and balcony upgrades.
The asset is presented as a well-located community in the Arden-Arcade submarket of Sacramento, California. The public remarks indicate it is positioned near major employment centers, retail corridors, schools, and transportation routes.
Alta Vista Commons is designed for tenants seeking an apartment environment with on-site support and resident-focused amenities. For buyers, the combination of a maintained property profile and recent renovations supports a practical path for those evaluating a turnkey multifamily acquisition in the Sacramento market.
The asset is presented as a well-located community in the Arden-Arcade submarket of Sacramento, California. The public remarks indicate it is positioned near major employment centers, retail corridors, schools, and transportation routes.
Alta Vista Commons is designed for tenants seeking an apartment environment with on-site support and resident-focused amenities. For buyers, the combination of a maintained property profile and recent renovations supports a practical path for those evaluating a turnkey multifamily acquisition in the Sacramento market.
Key Highlights
- Alta Vista Commons Apartments is a 1963‑built multifamily community fully renovated in 2017–2019.
- On‑site amenities include a swimming pool, fitness center, and clubhouse.
- Management/Leasing Office is on‑site for day‑to‑day operations.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.46M | $30.00 |
| − Vacancy | −$70.0k | −$1.44 |
| EGI | $1.39M | $28.56 |
| − OpEx | −$624.6k | −$12.85 |
| NOI | $763.4k | $15.71 |
48,600 SF · lease $30.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$10.91M
$9.54M – $12.72M
NOI $763,409 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.06M
$11.43M – $15.24M
NOI $914,166 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,885
Businesses Nearby
Explore this area
Business Placement
Demographics for 95825, CA
36,081
Population
16,803
Households
2.1
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
4.7 sq mi
ZIP Area
7,677
Density / Sq Mi
$64,264
Median Household Income
$35,994
Median Earnings
$1,582
Median Rent
$433,500
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 - Fully renovated 1960s-era apartment community with pool, fitness center, clubhouse, and on-site management/leasing office.
Where is this apartment building located?
The property is located at 1741 Wright St Sacramento, CA.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Alta Vista Commons Apartments is a 1963‑built multifamily community fully renovated in 2017–2019.; On‑site amenities include a swimming pool, fitness center, and clubhouse.; Management/Leasing Office is on‑site for day‑to‑day operations.
