Premier Business Centers

The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
July 16, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Sacramento Multifamily Property Sells for $17.9 Mil


Rosemont Terrace, a 100-unit garden-style multifamily community in Sacramento, traded hands in a recent deal valued at $17.9 mil, or $179k/unit. Built in 1970, Rosemont Terrace is located at 3690 S Port Dr.

The property features a mix of one-, two-and three- bedroom apartment homes housed in 15, two-story residential buildings on a nearly five-acre site. Community amenities include a swimming pool, laundry facilities, an outdoor picnic area, and carport parking.

The property benefits from several demand drivers including the highly-rated Sacramento Unified School District. Rosemont Terrace is within walking distance to the elementary, middle, and high schools in the neighborhood. Residents are also within a 30-minute commute to nearly 800,000 jobs.

Otto Ozen with The Mogharebi Group represented the seller, a Southern California-based private investment group. According to Ozen, the buyer plans to improve occupancy by bringing in professional management to improve operations.

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