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 4.30% Interest Rate
Outstanding Access to Area Freeways
Ace-Bart Connection with Extension to Sacramento

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.