701 Plaza Ave, Sacramento, CA 95815

The subject property comprises six apartment buildings situated on four separate parcels along Plaza Avenue in the Noralto District of Old North Sacramento. Five of the buildings were constructed in 1959, with a smaller six-unit complex added in 1963. The apartments serve Sacramento’s middle-income renter base. Each unit is individually metered for gas and electric and features wall heaters and wall-mounted air conditioning. Interior finishes vary by unit, reflecting updates completed over time. Flooring consists of tile, linoleum, and wood laminate. All units include refrigerators, gas stoves, garbage disposals, Formica countertops, and original cabinetry. Bathrooms are equipped with tub/shower combinations. The property offers six garage spaces, off-street parking, on-site laundry, and an open courtyard layout. The property is in the Noralto District of Old North Sacramento, conveniently positioned between Downtown Sacramento and Arden-Arcade. This area is characterized by midcentury housing stock and remains one of Sacramento’s more affordable rental markets, making it attractive to renters seeking proximity to employment centers, retail, and entertainment. Nearby amenities include Grocery Outlet, King’s Supermarket, and a wide selection of local and national restaurants, including McDonald’s, Carl’s Jr., Taco Bell, Little Caesars, and Popeyes. Market Square at Arden Fair Mall is approximately 2.2 miles away, providing access to the broader Arden-Arcade retail corridor. Downtown Sacramento and the Golden 1 Center are located approximately 5.6 miles from the property. The property size is 72900 square feet. Ownership of six buildings along the same street provides enhanced control over the neighborhood’s appearance, operational efficiencies, simplified maintenance, and reduced competitive pressure from nearby properties.