The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SACRAMENTO NEWS
Printer-friendly Version   Email an Associate
SoCal Buyer Spends $15.7 Mil on Sacramento Res Property

2/28/20

Rosemont Terrace, a 100-unit apartment complex located in the Rosemont neighborhood of Sacramento, was purchased by a SoCal-based buyer in a $15.7 mil ($157k/unit) transaction. The listing generated multiple offers.

Built on a 4.92-acre site in 1970, Rosemont Terrace is located at 3690-3733 S. Port Dr, within walking distance to Korean School of Sacramento, Golden Empire Elementary, and Albert Einstein Middle School. It is a quick bike ride to Rosemont High School and Carrington College. Rosemont Terrace Apartments is five-minute drive to Cal State Sacramento with over 31,000 students.

Rosemont Terrace features community amenities including a swimming pool, outdoor picnic area with barbeque, laundry facilities, covered parking, and a rental office. The property offers 34% one-bedroom, 64% two-bedroom/one-bath, 2% three-bedroom units with an average unit size of 798 sf.

Otto Ozen of The Mogharebi Group represented the buyer and the seller, a NoCal-based private investor, in the deal. According to Ozen, due to the property’s dynamic location, attractive unit mix and value add upside opportunity, the buyer pool was significant.





Return to the Archive page
 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media