The Mogharebi Group | Multifamily Investment Advisory

Property Summary

Price	Call for Details
Units	40
Year Built	1978
Year Renovated	2020

Investment Highlights

Desirable Unit Mix of All Two-Bedroom Cottages
Attractive Assumable Loan with 4.30% Interest Rate
Outstanding Access to Area Freeways
Convenient to Rancho Cordova Employment
Commutable to Downtown Sacramento & Sacramento International Airport
Ace-Bart Connection with Extension to Sacramento

Property Description

The Mogharebi Group is pleased to present the opportunity to acquire The Bungalows, a 40-unit multifamily community located at 2091 & 2101 West La Loma Drive in the Sacramento suburb of Rancho Cordova, California. Constructed in 1978 and situated on a 2.0-acre site, The Bungalows is comprised of all highly desirable two-bedroom / one-bathroom single-story, cottage-style floorplans averaging 670 square feet. The grounds are well-maintained and landscaped and the property features community amenities including laundry facilities and outdoor grills. The Bungalows currently has a 10.8% loss-to-lease and presents an investor with the ability to realize immediate rental upside by bringing rents to market.

2091 West La Loma Drive
Rancho Cordova, CA 95670

The property’s convenient location off Folsom Boulevard, a major commercial corridor through Rancho Cordova with over 19,000 vehicles per day, easily connects residents to a mix of daily grocery, shopping, dining, and conveniences as well as access to the 50 Freeway. Proximity to major throughfares and highways provides superior regional connectivity to major job centers, higher education institutions, retail destinations, and entertainment venues located throughout the Greater Sacramento region.