LIHTC Affordable Apartment
3429 Evergreen Cir West Sacramento, CA 95691
3429 Evergreen Cir, West Sacramento, CA, 95691
$36,250,000
For Sale
$36,250,000
296-unit affordable housing property with 166 two-bedroom and 129 one-bedroom units under 50%–60% AMI limits.
Days on Market111
Property Features for 3429 Evergreen Cir
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Sacramento Office
(916) 724-1285
Listed by
Isaak Heitzeberg · License #CA: 01989468
(916) 724-1285
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 21 at 10:48PM Checked: Jul 21 at 10:48PM
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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
Location Intelligence
Current Use by Public Records
Courtyard Village Apartments
Apartment Building
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FAQs
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
