2505-2509 Edison Avenue & 2526 Edison Avenue
Sacramento, CA
Status:
Sold
Close of Escrow: 12/27/2017
Total Number of Units: 213
Year Built: 1973
Sale Price: $19,000,000
Price per Unit: $89,201
Price per Square Foot: $142.39
CAP Rate: 6.89%
GRM: 7.39
Downpayment: $7,164,600
Net Operating Income: $1,308,767
Rentable Square Feet: 133,435
Lot Size: 6.09 Acres
Unit Type
1Bdr 1Bath
2Bdr 1Bath
2Bdr 2Bath
No. of Units
113
98
2
Le Investment Group was pleased to represent the Buyer of this 1031 exchange transaction. The asset represents two properties totaling 213 units. The Skyview Villa is a 157-unit, two-story, garden-style apartment community built in 1973 and Somerset is a 56-unit, two-story, garden-style apartment community located in Sacramento, California. Built in 1973.
