Apartment Deals 

These are some of the most attractive apartment listings in Northern California.  For more information, or to find a property that meets your requirements, please call John Bremner at 415-234-6093. 

Principals Only, Please.

1)  Vacaville - 31 U:  $2,145,000, $69K per Unit, 7.8 x Gross, 8.7% Cap Rate.  This apartment complex consists of 17 two bedroom and 11 one bedroom units plus three non-conforming units in single story and townhouse floor plans.  Close to I80, downtown shopping and the Premier Outlet Mall.  Offered at $2,145,000 at $69K per unit, 7.8 x Gross, 8.7% cap rate.

2)  Orangevale (Folsom) - 50 U - REO:  $2,300,000, $46K per Unit, 4.8 x Gross , 9.6% Cap Rate.  Value add REO opportunity, consisting of five parcels with 10 units on each parcel, sell the parcels individually to smaller investors at lower cap rates. Units renovated in 2003, currently 50% occupied. Offered at $2,300,000, 4.8 x Gross, 9.6% cap rate. 

3)  Sacramento - 40 U:  $2,400,000, $60K per Unit, 6.1 x Gross, 7.0% Cap Rate.  The property features 40 oversize two bedroom one bath units with an average unit size of 920 square feet.  An interior landscaped courtyard with a swimming pool and a communit garden enhance the property.  All units have central heat and air with a large deck or patio.  Offered at $2,400,000, $60K per unit, 6.1 x gross, 7.0% cap rate.

4)  Rancho Cordova - 72 U - REO:  $2,590,000, $36K per Unit, 4.7 x Gross, 9.3% Cap Rate. Infill location with good mix of large units, priced below replacement. Close to malls, schools, health clinics, transportation. Offered at $2,950,000, 5.3 x Gross, 9.1% cap rate. 

5) Ukiah - 47 U - REO:  $2,800,000, $60K per Unit, 5.6 x Gross, 9.4% cap rate.  Value added opportunity.  47 large oversized units, average 998 sf, 19 two bedroom units and 28 three bedroom units.  16 units have been renovated with new cabinets, countertops and appliances, carpet and lino, new bathrooms and fresh paint.  Offered at $2,800,000, $60K per unit, 5.6 x gross, 9.4% cap rate.

 6)  Sacramento - 40 U - Condos:  $2,950,000, $74K per Unit, 7.4% Cap Rate.  Condo conversion with map in place and white papers issued.  2BR units with washer/dryer hookups.  Assumable financing.  Located in Arden-Arcade, with access to I-80, shopping, and schools.  Offered at $2,950,000, $74K per Unit, 7.4% Cap Rate.

7)  Cameron Park - 46 U:  $3,100,000, $67K per Unit, 7.2 x Gross, 6.5% Cap Rate.  Quality apartment complex in exclusive area built in 1990, with 21 one bedroom and 25 two bedroom units, with wood buring fireplaces, central heat and a/c, patios and balconies.  Swimming pool, spa, fitness center, and covered parking.  Upside on the rent. Offered at $3,100,000, $67K per unit, 7.2 x gross, 6.5% cap rate.

8)  Vallejo - 54U - REO: $3,900,000, $72K per unit, 5.4 x gross, 9.6% cap rate. Gated community with two bedroom, one and one half bath townhomes, averaging over 1,300 SF per unit. Offered at $3,900,000, $72K per unit, 5.4 x gross, 9.6% cap rate.

9)  Pinole - 52 U - Short Sale:  $3,900,000, $75K per Unit.  The apartment complex sprawls over 2.17 acres, with thirteen buildings and 52 units - 10 x 1BR, 42 x 2BR - separately metered for gas and electricity.  Located near major arterials, bus lines and I80, situated among low density apartment communities near Pinole's downtown redevelopment.  Offered at $3,900,000, $75K per unit.

For More Information, Please Call John Bremner at 415-234-6093. 

Principals Only, Please.