LIHTC Affordable Apartment
For Sale
$36,250,000
3429 Evergreen Cir, West Sacramento, CA 95691
296-unit affordable housing property with 166 two-bedroom and 129 one-bedroom units under 50%–60% AMI limits.
Property Size431,223 SF
Days on Market156
Property Features for 3429 Evergreen Cir
General Information
Standard status
Active
Size
431,223 SF
Property subtype
Multifamily
Occupancy
96%
Additional Details
Cap Rate
5.69%
Multifamily Units
296
Amenities
296 Units in West Sacramento, one of the fastest growing cities in CA.
Strong Value Add Opportunity, with huge upside in rents.
Excellent Unit make up, with 166 2 BD Units, and 129 1 BD Units.
Easy access to transportation, along I80, I50, and I5 all within a few miles.
Building Details
Building Size
431,223 SF
Units
296
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Sacramento
Listed By:
Isaak Heitzeberg · License #License(s): CA: 01989468
(916) 724-1285
Source:
Marcusmillichap
Added: Apr 3
Changed: Sep 4
Last Checked: Sep 5 at 3:33AM
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.
Courtyard Apartments is a 296-unit affordable apartment community at 3429 Evergreen Cir in West Sacramento. The property’s unit mix includes 166 two-bedroom units and 129 one-bedroom units, with all units designated for households earning between 50% and 60% or less of the Area Median Income (AMI).
The current rents are approximately $1.6 million below the maximum allowable rents set by the California Tax Credit Allocation Committee (CTCAC), creating an identified gap versus allowable income restrictions.
This LIHTC property is structured as an affordable rental development with the current rent levels documented in the offering materials, including an average of about $843 for 1BD units and $1,104 for 2BD units. The overall configuration is built around the existing affordable-income program requirements.
The current rents are approximately $1.6 million below the maximum allowable rents set by the California Tax Credit Allocation Committee (CTCAC), creating an identified gap versus allowable income restrictions.
This LIHTC property is structured as an affordable rental development with the current rent levels documented in the offering materials, including an average of about $843 for 1BD units and $1,104 for 2BD units. The overall configuration is built around the existing affordable-income program requirements.
Key Highlights
- 296‑unit LIHTC affordable housing in West Sacramento with 166 2‑bedroom units and 129 1‑bedroom units
- All units restricted for households earning 50%–60% or less of the Area Median Income (AMI)
- Average rents reported: $843 for 1BD units and $1,104 for 2BD units
Property Analytics
Current Use
Lease Details
296
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,008
Businesses Nearby
Explore this area
Business Placement
Demographics for 95691, CA
39,849
Population
14,826
Households
2.7
Avg Household Size
37
Median Age
37%
College-Educated
89%
High-School Grad
39.0 sq mi
ZIP Area
1,022
Density / Sq Mi
$100,822
Median Household Income
$53,351
Median Earnings
$1,543
Median Rent
$532,400
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 - 296-unit affordable housing property with 166 two-bedroom and 129 one-bedroom units under 50%–60% AMI limits.
Where is this apartment building located?
The property is located at 3429 Evergreen Cir West Sacramento, CA.
What is the asking price?
The asking price for this property is $36,250,000.
What are key features of this property?
This property features: 296‑unit LIHTC affordable housing in West Sacramento with 166 2‑bedroom units and 129 1‑bedroom units; All units restricted for households earning 50%–60% or less of the Area Median Income (AMI); Average rents reported: $843 for 1BD units and $1,104 for 2BD units
