2505-2509 Edison Avenue & 2526 Edison Avenue

Sacramento, CA



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




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.