2512 Edison Avenue
Sacramento, CA 95821
Sq. Feet 60,548
La Loma Terrace Apartments, a 40-unit apartment community located in Rancho Cordova, California, represents an exceptional turn-key, pride-of-ownership investment opportunity. The property consists of 24 one-bedroom/one-bath units measuring at 620 square feet and 16 two-bedroom/one and half-bath town-homes measuring 920 square feet. La Loma Terrace has been fully renovated and positioned for immediate rental growth. The property is fully stabilized, boasting 95 percent occupancy, allowing for excellent yields immediately. La Loma Terrace has undergone a complete interior and exterior makeover that includes new kitchen counters, cabinets, upgraded appliances, carpet and tile flooring, all new bathrooms, modern window coverings and new paint, signage and landscaping. Constructed in 1978, the property is comprised of six structures supported by concrete slab. The structures are wood frame, with stucco siding, and flat roofs. The secured gated access, well maintained grounds and a sparkling swimming pool provide residents with an enjoyable atmosphere. La Loma Terrace is located in close proximity to major thoroughfares, allowing easy access to Downtown Sacramento, Arden/Arcade, Folsom, Mather Air Force Base and local shopping and employment centers.
Cap Rate: 7.84% NOI: $161,506 Livable Sq. Ft: 29,600
Built in 1978 40 units Lot Sq. Ft: 77,101