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January 27, 2020
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Sacramento Multifamily Property Trades for $100k/Unit


A 40-unit apartment complex in Sacramento sold for $4 mil, or $100k/unit. The 32k sf property consists of 10 buildings located at 6304 Lemon Hill Ave.

Built in 1965, the garden-style apartment community boasts a unit mix of all two-bedroom/one-bathroom units. The property is situated on approximately 1.62 acres and is landscaped with mature trees. Community amenities include a large courtyard, owned laundry facility, leasing office, BBQ area, security gate, and 42 onsite parking spaces.

The property is located across from Will C Wood Middle School, only a short distance from the 65th Street Expressway. Tenants are within only a few blocks of Artivio Guerrero Park and can easily gain access to South Sacramento Freeway 99.

The sellers, Leonard and Alta Gray, were represented by Doug Taber, CCIM, of ACI Apartments. The buyer, Mina Rezaei, was self-represented.

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