Marconi Meadows Apartment
For Sale
Contact for pricing
4730 Marconi Ave, Carmichael, CA 95608
One- and two-story apartment community with a balanced mix of renovated one- and two-bedroom homes.
Property Size44,774 SF
Price / SF$245.68
Days on Market178
Property Features for 4730 Marconi Ave
General Information
Standard status
Active
Size
44,774 SF
Class
B
Total Parking Spaces
99
Property subtype
Multifamily
Zoning
RD-30
Occupancy
95%
Investment Type
Stabilized
Net Operating Income
$673,029
Additional Details
Multifamily Units
64
Building Details
Year Built
1958
Year Renovated
2017
Buildings
4
Stories
2
Units
64
Listing Agency:
Avalon Commercial, Inc
Listed By:
Brian Nelson · License #01009543
Source:
Crexi
Added: Mar 5
Changed: Aug 30
Last Checked: Aug 30 at 5:21AM
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 Avalon Commercial, Inc
Investment Insights
Based on property information with market context.
Marconi Meadows is a 64-unit apartment community in Carmichael, California, with one- and two-story buildings and residences ranging from 564 SF to 865 SF. The unit mix includes 1BR apartments representing 56% of the homes and 2BR apartments representing 44%. Approximately 45 units have undergone thorough renovation, while an active program continues to address interior and exterior improvements.
The property was developed in two phases, with 24 units completed in the late 50’s and 40 units added in the mid 80’s. Located at 4730 Marconi Ave, the community is within Sacramento’s Carmichael submarket and is zoned RD-30.
The property was developed in two phases, with 24 units completed in the late 50’s and 40 units added in the mid 80’s. Located at 4730 Marconi Ave, the community is within Sacramento’s Carmichael submarket and is zoned RD-30.
Key Highlights
- 64‑unit apartment community with 1BR and 2BR residences
- 1BR units represent 56% of the unit mix; 2BR units represent 44%
- Apartment sizes range from 564 SF to 865 SF
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
$597,648
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
5.43%
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%
$11,952,960
$12.0M
Cap Rate 7%
$8,537,829
$8.5M
Cap Rate 9%
$6,640,533
$6.6M
Market Conditions
NOI Build-Up for 44,774 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
$1.17M $26.04/SF
− Vacancy
−$79.3K −$1.77/SF
EGI
$1.09M $24.27/SF
− OpEx
−$489.0K −$10.92/SF
NOI
$597.6K $13.35/SF
Area
Sacramento County, CA
Vacancy
6.80%
Lease Rate
$26.04 /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%
$11,952,960
Cap Rate 7%
$8,537,829
Cap Rate 9%
$6,640,533
Alternative Uses
Best Use
Apartment 5plus
$8.54M
$7.47M – $9.96M
NOI $597,648 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.93M
$10.44M – $13.92M
NOI $834,958 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
64
Residential units
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
Demographics for 95608, CA
65,367
Population
27,312
Households
2.4
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
13.2 sq mi
ZIP Area
4,952
Density / Sq Mi
$83,638
Median Household Income
$45,625
Median Earnings
$1,549
Median Rent
$565,600
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 - One- and two-story apartment community with a balanced mix of renovated one- and two-bedroom homes.
Where is this apartment building located?
The property is located at 4730 Marconi Ave Carmichael, CA.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: 64‑unit apartment community with 1BR and 2BR residences; 1BR units represent 56% of the unit mix; 2BR units represent 44%; Apartment sizes range from 564 SF to 865 SF
