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 Market97
Property Features for 1741 Wright St
General Information
Standard status
Active
Size
48,600 SF
Property subtype
Multifamily
Occupancy
95%
Investment Type
Stabilized
Net Operating Income
$639,386
Building Details
Year Built
1963
Year Renovated
2019
Units
76
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Sacramento
Listed By:
David DeLoney · License #CA 02045150
(916) 724-1400
Source:
Crexi
Added: Jun 17
Changed: Sep 14
Last Checked: Sep 20 at 8:05AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$763,409
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$15,268,180
$15.3M
Cap Rate 7%
$10,905,843
$10.9M
Cap Rate 9%
$8,482,322
$8.5M
Market Conditions
NOI Build-Up for 48,600 SF
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.
Gross rent
$1.46M $30.00/SF
− Vacancy
−$70.0K −$1.44/SF
EGI
$1.39M $28.56/SF
− OpEx
−$624.6K −$12.85/SF
NOI
$763.4K $15.71/SF
Area
Sacramento, CA
Vacancy
4.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$15,268,180
Cap Rate 7%
$10,905,843
Cap Rate 9%
$8,482,322
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
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Open Analytics
Current Use
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
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Market
Vacancy Rate% for Multifamily in West region
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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.
