Continental Terrace
6915 Lewiston Way
Sacramento,
CA 95828
142 Units
Property Summary
| Price | $16,500,000 |
| Units | 142 |
| Year Built | 1979 |
| Rentable SF | 75,888 |
Investment Highlights
- Priced Below Replacement Cost & Competitive Offerings
- Highly Occupied With Rental Upside
- Lower Rents Than Neighboring Properties
- Potential To Add Units
- High Inflow of Residents
Property Description
The Mogharebi Group is pleased to announce that it has been retained as the exclusive listing agent for the sale of Continental Terrace, a 141-unit (plus 1 non-conforming unit) apartment community located in Sacramento, California. The property comprises 7 residential and 1 common area buildings built in 1973 / 1979 which total 75,800 rentable square feet. The complex is situated on a 5.14-acre site with 205 surface parking spaces. The asset features a varied mix of spacious studios and one-bedroom floor plans. The controlled access community boasts a swimming pool, outdoor picnic area, and laundry facilities. Continental Terrace provides the right investor an opportunity to acquire a value-add asset in one of the nation’s hottest submarkets.
6915 Lewiston Way
Sacramento, CA 95828
Sacramento, CA 95828
Sacramento leads the nation in the net inflow of residents as robust job growth contributes to further rent growth. Sacramento has the lowest supply of all metro markets as a percentage of overall inventory, creating significant demand for existing apartment inventory.
Listing Advisors
Robin Kane
Brendan Kane
Based on this listing
