5307-5325 Marconi Ave | Carmichael, CA 95608
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- LoopNet Team
5307-5325 Marconi Ave
Carmichael, CA 95608
Las Palmas · Multifamily Property For Sale · 197 Units
Investment Highlights
- Highly attractive $18 million assumable loan currently in place with CIT Bank, N.A.
- Wonderful opportunity to purchase a 197-unit value add community in the highly desirable Carmichael submarket.
- Strong operations in place providing excellent cash flow from day one.
PROPERTY FACTS
| No. Units | 197 | Building Size | 132,900 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.48/1,000 SF |
| Lot Size | 5.57 AC |
| No. Units | 197 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.57 AC |
| Building Size | 132,900 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.48/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Heating
- Ceiling Fans
- Kitchen
Site Amenities
- Controlled Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Gated
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 400 |
| 1+1 | 161 | - | 650 |
| 2+1 | 30 | - | 825 |
| 3+1 | 2 | - | 1,000 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $23,469,769 | |
| Land Assessment | $6,828,141 | Total Assessment | $30,297,909 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,828,141
Improvements Assessment
$23,469,769
Total Assessment
$30,297,909
zoning
| Zoning Code | RD40 |
| RD40 |
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