Cambridge Estates - Orangevale (Sacramento), CA

DESCRIPTION & STRATEGY:

The 50-unit apartment complex is comprised of fifteen buildings totaling 35,250 square feet. There are ten two-story buildings and five single-story buildings on five separate parcels. The property is 90% two bedroom/one bathroom units and 10% three bedroom/one bathroom units. It is a conventional two-story garden-style apartment complex with stacked units and exterior walk-up entries.

The property was 38% occupied upon acquisition with significant deferred maintenance. The property will be repositioned to include new project identity, improved curb appeal, renovated apartment units and a new, competitive leasing program to stabilize the property.

This underperforming asset was acquired with private capital and seller financing.

ADDRESS:

6421-6442 Benning Street,
Orangevale (Sacramento), CA

PROPERTY TYPE:

Multifamily

SIZE:

50 Units