The Mogharebi Group | Multifamily Investment Advisory

Portfolio Summary

Price	Call for Details
Units	180
Rentable SF	134,952
Lot Size Acres	7.48

Investment Highlights

Value-Add Opportunity
Major Exterior Renovations Completed in 2020
Vantage Features Majority Two-Bedroom Units with Washer / Dryer Hook-Ups
Bungalow Features All Two-Bedroom Single-Story Cottages
Bungalow Features Attractive Assumable Loan with 3.06% Interest Rate
Outstanding Access to Area Freeways
Amenities include Swimming Pool, Clubhouse and BBQ Areas in Controlled Access Community

Portfolio Description

The Mogharebi Group is pleased to present the opportunity to acquire a unique investment opportunity with the acquisition of two multifamily communities, Vantage Apartments and The Bungalows.

Located in the Sacramento suburb of Rancho Cordova, California, Vantage Apartments represent a significant investment opportunity with 140 multifamily units across 3.48 acres. Constructed in 1972, this community offers 108,152 rentable square feet of well-maintained one-, two-, and three-bedroom apartments, the majority featuring desirable two-bedroom layouts with washer/dryer hook-ups. Residents can enjoy ample amenities including a business center, swimming pool, clubhouse, community spaces with grills, a leasing office, and a playground. An added financial incentive is the assumable loan with an attractive low interest rate of 3.10%.

The Bungalows is a charming 40-unit multifamily community featuring single-story, two-bedroom cottages averaging 670 square feet, each crafted to fulfill the high demand for comfortable living spaces. Constructed in 1978 on a 2-acre site, the property is not only well-kept with beautiful landscaping but also offers community amenities such as laundry facilities and outdoor grills. For an investor, this property holds the promise of a significant rental upside, given the current 10.8% loss-to-lease, indicating the potential for increased returns by aligning rental prices with the prevailing market rates.

2 Properties
Rancho Cordova, CA 95670

As a suburb of Sacramento, Rancho Cordova is poised to benefit from the region’s continued growth and diversification as one of the fastest-growing major metros in California. Rancho Cordova is one of the largest employment centers in the region and the city continues to invest in its infrastructure.