Terra Bella Apartments Investment
935 Johnfer Way-39 Unit Multi-Family Investment Offering Sacramento, CA 95831
935 Johnfer Way-39 Unit Multi-Family Investment Offering, Sacramento, CA, 95831
$7,250,000
For Sale
$7,250,000
39-unit apartment community in Sacramento's Pocket-Greenhaven neighborhood.
Days on Market175
Property Features for 935 Johnfer Way-39 Unit Multi-Family Investment Offering
General Information
- Standard status
- Active
Building Details
- Year Built
- 1969
Listing Agency
UList Realty
(916) 747-9136
Listed by
Will Blucher · License #CalDRE #01811673
(916) 747-9136
Source
Nmrk
Added: Jan 27 Updated: Jul 6 at 10:17 am Checked: Jul 19 at 3:43 am
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 UList Realty
Investment Insights
Based on property information with market context.
The Terra Bella Apartments present an opportunity to acquire a 39-unit apartment community constructed in the 1970s. The property is situated in the Pocket-Greenhaven neighborhood of Sacramento, less than five miles from Sacramento’s Central Business District, providing convenient access to employment, retail, and recreation centers. Residents have access to nearby retail options, including a grocery-anchored shopping center. Major retailers such as Target and Nugget Markets, along with other shopping and dining destinations in the Pocket and South Land Park areas, are within a short drive. The property has a 96% occupancy rate, with an average in-place rent of $1,534 and an average market rent of $1,724. The in-place cap rate is 5.9%, with a year 1 cap rate of 6.3% and a proforma cap rate of 7.8%.
Key Highlights
- High Occupancy Rate: 96% occupancy indicates strong tenant demand.
- Value‑Add Opportunity: Significant upside potential exists as average market rents exceed average in‑place rents.
- Strong Cap Rates: Attractive In‑Place Cap Rate of 5.9%, Year 1 Cap Rate of 6.3%, and Proforma Cap Rate of 7.8%.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 39-unit apartment community in Sacramento's Pocket-Greenhaven neighborhood.
Where is this apartment building located?
The property is located at 935 Johnfer Way-39 Unit Multi-Family Investment Offering Sacramento, CA.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: High Occupancy Rate: 96% occupancy indicates strong tenant demand.; Value‑Add Opportunity: Significant upside potential exists as average market rents exceed average in‑place rents.; Strong Cap Rates: Attractive In‑Place Cap Rate of 5.9%, Year 1 Cap Rate of 6.3%, and Proforma Cap Rate of 7.8%.
