45-Unit Garden-Style Apartment
New
For Sale
$8,800,000
600 Garden Hwy, Sacramento, CA 95833
Studio and two-bedroom residences share a low-rise building with controlled on-site parking.
Property Size40,620 SF
Days on Market2
Property Features for 600 Garden Hwy
General Information
Standard status
Active
Size
40,620 SF
Property subtype
Multifamily
Occupancy
95%
Site & Location
Neighborhood
River Gardens
Highway Access
Yes
Additional Details
Cap Rate
5.51%
Multifamily Units
45
Amenities
gated parking
landscaped common areas
Rare 2011 vintage offering
Opportunity to add in-unit laundry and increase rent
Current owner lives on site and self-manages property
Owner's unit has direct access to large office space which could be converted to a gym or other tenant amenity.
Building Details
Building Size
40,620 SF
Buildings
1
Units
45
Construction
garden-style
Listing Agency:
Marcus & Millichap - Sacramento
Listed By:
Tony DeLoney · License #License(s): CA: 01920427
(916) 724-1363
Source:
Marcusmillichap
Added: Oct 30
Last Checked: Oct 30 at 2:09PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Sacramento multifamily property comprises 45 apartments in one low-rise building, with a mix of studio and two-bedroom layouts. Residents have access to gated parking on the property and landscaped shared areas.
The community is located along the I-5 corridor. The surrounding area includes access to shopping, dining, employment centers, schools, and Sacramento-area transportation routes. Destinations identified nearby include Old Sacramento Waterfront, the California State Capitol, Golden 1 Center, Discovery Park, and the Sacramento River corridor.
The community is located along the I-5 corridor. The surrounding area includes access to shopping, dining, employment centers, schools, and Sacramento-area transportation routes. Destinations identified nearby include Old Sacramento Waterfront, the California State Capitol, Golden 1 Center, Discovery Park, and the Sacramento River corridor.
Key Highlights
- 45‑unit multifamily community
- Studio and two‑bedroom apartment mix
- One low‑rise residential building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$638,059
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,761,180
$12.8M
Cap Rate 7%
$9,115,129
$9.1M
Cap Rate 9%
$7,089,544
$7.1M
Market Conditions
NOI Build-Up for 40,620 SF
Gross rent
$1.22M $30.00/SF
− Vacancy
−$58.5K −$1.44/SF
EGI
$1.16M $28.56/SF
− OpEx
−$522.0K −$12.85/SF
NOI
$638.1K $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 Rate 5%
$12,761,180
Cap Rate 7%
$9,115,129
Cap Rate 9%
$7,089,544
Alternative Uses
Best Use
Apartment 5plus
$9.12M
$7.98M – $10.63M
NOI $638,059 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.92M
$9.55M – $12.73M
NOI $764,062 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
45
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
Demographics for 95833, CA
40,195
Population
16,751
Households
2.4
Avg Household Size
34
Median Age
32%
College-Educated
89%
High-School Grad
8.1 sq mi
ZIP Area
4,962
Density / Sq Mi
$87,016
Median Household Income
$50,997
Median Earnings
$1,835
Median Rent
$439,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Studio and two-bedroom residences share a low-rise building with controlled on-site parking.
Where is this apartment building located?
The property is located at 600 Garden Hwy Sacramento, CA.
What is the asking price?
The asking price for this property is $8,800,000.
What are key features of this property?
This property features: 45‑unit multifamily community; Studio and two‑bedroom apartment mix; One low‑rise residential building
