Terra Bella Apartments Investment
For Sale
$7,250,000
935 Johnfer Way-39 Unit Multi-Family Investment Offering, Sacramento, CA 95831
39-unit apartment community in Sacramento's Pocket-Greenhaven neighborhood.
Property SizeContact for details
Days on Market220
Property Features for 935 Johnfer Way-39 Unit Multi-Family Investment Offering
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1969
Units
38
Listed By:
Will Blucher · License #CalDRE #01811673
(916) 747-9136
Source:
Nmrk
Added: Jan 27
Changed: Sep 3
Last Checked: Sep 4 at 5:59AM
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 Will Blucher
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
Current Use
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 95831, CA
43,099
Population
20,261
Households
2.1
Avg Household Size
45
Median Age
51%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
6,157
Density / Sq Mi
$96,509
Median Household Income
$58,726
Median Earnings
$1,864
Median Rent
$619,800
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 - 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%.
