Northrop Arms — Sale in Sacramento, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sacramento, CA 95825

Photos

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Investment Figures

Cap rate
5.62%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The DeLoney Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Northrop Arms, an eight-unit apartment community located at 2520 Northrop Avenue in Sacramento, California. Situated in the desirable south Arden-Arcade submarket, the property offers investors a well-maintained asset with an attractive unit mix, proven rental upside, and additional rental income through a stratetgic renovation program. Built in 1969, Northrop Arms consists of eight spacious apartment homes featuring an efficient mix of two one-bedroom/one-bathroom units approximately 650 square feet each and six two-bedroom/one-bathroom units approximately 850 square feet each. The larger than average floor plans appeal to a large resident base and broad demographic. Current ownership has completed selective interior renovations throughout the property. Upgraded units feature luxury vinyl plank flooring, granite countertops, refreshed cabinetry, and modern finishes, providing an attractive living environment while allowing a new owner the opportunity to continue renovating the remaining units and capture additional rental upside over time. Northrop Arms enjoys an exceptional south Arden Arcade location with immediate access to major transportation corridors, placing residents within minutes of Sacramento State University, Cal Expo, Kaiser Permanente, Downtown Sacramento, and many of Sacramento's largest employment centers. Northrop Arms represents an excellent opportunity to acquire a stable, well-located apartment community with a desirable unit mix, meaningful value-add potential through continued unit renovations, and strong long-term fundamentals in one of Sacramento's most established rental markets. Investment Highlights: • Spacious Floorplans - Average Unit Size Approximately 800 Square Feet • Excellent South Arden Arcade Location • Proven Value Add Opportunity - Select Units Renovated With Vinyl Plank Flooring, New Cabinetry, & Granite Countertops

Market Context

This multifamily in Sacramento, CA is listed for sale. It is offered at an approximate 5.6% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Sacramento, CA — view the full market.

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