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REA
October 09, 2019  

ON THE MARKET

MULTI-FAMILYProperty: The Retro, 2500 Fair Oaks Boulevard, SacramentoSize: 204 units, 96% occupiedEstimated Value: $36 million, $176,000/unitOwner: Ridge Capital, SacramentoBroker: CBREColor: Low-rise complex in Arden-Arcade submarket, near affluent residential areas. Recently underwent nearly $4 million of capital improvements. Some 106 units are ripe for renovations that could produce average $170 rent premium. Units are mostly 1-2 bedrooms,...


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