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10 MULTIFAMILY UNITS IN MIDTOWN SACRAMENTO, CALIFORNIA
1317 F STREET
1317 F STREET
1317 F STAPARTMENTS
SURAPARTMENTS
SURAPARTMENTS
32
The information contained herein is strictly confidential, furnished solely for the purpose of considering the acquisition of the property described herein, and is not to be used for any other purpose or made available
to any other person without the expressed written consent of Newmark Knight Frank.
It has been obtained from the Seller and may include other sources believed to be reliable, but no representation is being made with regard to its accuracy or completeness.
Prospective investors should undertake their own investigations and reach their own conclusions without reliance upon the material contained herein. Neither the Seller nor the Agent nor any of their respective officers, agents or principals has made or will make any representations or warranties, expressed or implied, as to the accuracy or completeness of the Offering Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of the Offering Memorandum or its contents.
Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser.
The Seller and Agent expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and/or terminate discussions with any entity at any time with or without notice.
The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the property unless and until such offer for the property is approved by the Seller, and any conditions to the Buyer’s obligations there under have been satisfied or waived.
LEAD CONTACTLEAD CONTACT
NATE OLESONNATE OLESONLicense CA: 01467941
916.599.6523
MARC ANDENMATTENMARC ANDENMATTENLicense CA: 01956176
916.835.8844
CONFIDENTIALITY AGREEMENT
0404 Executive Summary
1414Property Overview
1717 Comparable Analysis
2323Financial Analysis
Table of Contents
SACRAMENTO OFFICE980 9th St, Suite 2500
Sacramento, CA 95814
T 916.920.4400
SAN FRANCISCO OFFICE655 Montgomery St, Suite 1705
San Francisco, CA 94111
T 415.354.0777
1317 F STREET
1317 F STAPARTMENTS
SURAPARTMENTS
SURAPARTMENTS
54E X E C U T I V E S U M M A R Y
INVESTMENT SUMMARY
Price $3,600,000
Address 1317 F StSacramento, CA 95814
County Sacramento
Year Built / Renovated 1964 / 2019
Total # of Units 10
Net Rentable SF 7,524
# of Acres 0.15
Parking Spaces 8 Covered plus permitted street parking
Parking Ratio 0.8
Total Buildings 1
Total # of Stories 2
4
KEY INVESTMENT HIGHLIGHTS » Rare Class “A” Investment Opportunity: 1317 F Street offers investors the rare opportunity to purchase a renovated
Class A property in a core location. Renters pay premiums for the Midtown location due to its reputation and close proximity to downtown Sacramento.
» Fully Renovated Property: 1317 F Street underwent a complete interior and exterior renovation. Interior renovations include stacked washer and dryers, ceasarstone or quartz counters, stainless steel appliances, new bathroom vanities, lights, and mirrors, new wood plank flooring throughout, and split heat/air systems. Exterior renovations include new dual-pane windows, new paint, new sewer, new electrical panels, new plumbing lines (Pex), new lighting and electric water heater.
» “The” Place To be: Midtown is the center of Sacramento’s art, music and cultural scene, with an eclectic mix of boutiques, galleries, bars and restaurants. Many dynamic companies, start-ups and restaurants have followed large developments such as Sutter General hospital and B Street Theatre in choosing Midtown as the place to be. The newly opened Golden 1 Center, host to the Sacramento Kings Arena is just 1.1 miles away.
» Neighborhood: Midtown is one of the most popular areas to live in Sacramento. Renters are drawn to the charm of historic buildings, tree-lined streets and the close proximity to employers. Midtown residents enjoy close proximity to the multitude of restaurants, shops and nightlife Downtown Sacramento has to offer, all within walking distance or a short ride on the light Rail. The largely residential community features a mix of old Victorians, quaint boutiques and upscale lofts, all located on pedestrian- and bike friendly tree-lined streets. With easy access to highway 50 and Business 80, 1317 F residents have the added benefit of an excellent commuter location on top of a desirable residential neighborhood.
UNIT MIX SUMMARYUNIT TYPE # UNITS % OF
TOTAL AVG SF CURRENT RENTS
MARKET RENTS
2 BR x 1 BA 8 80% 813 $2,150 $2,195
3 BR x 1 BA 2 20% 975 $2,400 $2,495
Total/Avg 10 100% 845 $22,110 $22,550
THE OFFERINGNewmark Knight Frank, as the exclusive advisor, is pleased to present the opportunity to acquire 1317 F St, a 10-unit apartment community located in Midtown, Sacramento, CA.
Cap Rate (Current/Pro Forma) GRM (Current/Pro Forma)
5.0%/5.6% 13.6/13.3
1317 F STREET
1317 F STAPARTMENTS
SURAPARTMENTS
SURAPARTMENTS
76
BUSINESS 80
UC Davis J Street Clinic
Sutter’s Fort Historic Park
KEYSubject PropertyBusiness/RetailMedicalPark/RecreationDevelopment
State Capitol
Railyards Development240 Acre Mixed-Use development:
12,200 housing units | 2.4M SF office | 1.4M SF retail491K SF Mixed-use| 1,100 hotel rooms | 40+ acres open space
1317 F Street
California EPA935,000 SF
CalSTRS Headquarters
Ziggurat BuildingCalifornia Department of General Services
Raley Field: Home of AAA San Francisco Giants affilate
The Bridge District: 188-acre mixed-use redevelopment:
4,000 residential units5M SF commercial space
CalPERS Headquarters1M SF
East End Office Complex1.47M SF + 3700 employees
Golden 1 Center: Home of the
Sacramento Kings
Restaurants/Retail within 5 minute walk:- Aura | Japanese + Korean BBQ- The Melting Pot- Taqueria Jalisco- Sampino’s Towne Foods- Cookie’s & Milk Delivery- Cando’s Cantina- Shine Cafe
Restaurants/Retail within 10 minute walk:- Naked Lounge- Ella Dining Room & Bar- SAFE Credit Union Convention Center- 7-Eleven- Fino Artisan Chocolate- New Roma Bakery- Subway- Republic Bar & Grill- Esquire IMAX Theatre
Restaurants/Retail within 15 minute walk:- Public House Downtown- Mikuni- Cafeteria 15L- Rite Aid- Goldfield Trading Post- Easy On i - Bar & Grill- The Old Spaghetti Factory- Lucca Restaurant & Bar- Chipotle Mexican Grill
1317 F STREET
1317 F STAPARTMENTS
SURAPARTMENTS
SURAPARTMENTS
98
ALL UNITS HAVE BEEN RENOVATED1317 F St features newly-renovated units that combine modern style with upscale interior finishes.
Exterior Upgrades1317 F St features significant exterior renovations that include the following:
EXTERIOR UPGRADES
New paint
New sewer
New panels
New dual-pane windows
New plumbing (Pex)
New lighting
Electric water heater
RENOVATION HIGHLIGHTS
Stacked washer & dryer
New dual-pane windows
Ceasarstone or quartz counters
New stainless steel appliances
New bathroom vanities, lights, & mirrors
New wood plank flooring
New Split Heat/Air system
1317 F STREET
1317 F STAPARTMENTS
SURAPARTMENTS
SURAPARTMENTS
1110
BRAND NEW CABINETS
VINYL PLANK FLOORING
Q U A R T Z COUNTERTOPS
BRAND NEW VANITIES
S T A I N L E S S STEEL APPLIANCES
BRAND NEW MIRRORS
BRAND NEW FIXTURES
BRAND NEW LIGHTS
BRAND NEW BATHTUB SURROUND
BRAND NEW TOILETS
1317 F STREET
1317 F STAPARTMENTS
SURAPARTMENTS
SURAPARTMENTS
1312
EMPLOYMENT, SUPPLY AND OCCUPANCY TRENDS; FORECAST RENT GROWTH
EXCEPTIONAL SUBMARKET FUNDAMENTALSPer the May 2020 Yardi Matrix National Multifamily report, the markets with the highest concentration of durable jobs are Lansing (44.0%), Washington, D.C. (41.8%) and Sacramento (34.5%). Monthover-month rents in the Lansing metro bounced back in May, increasing 0.6%, following a 0.5% decline in April. Washington, D.C., and Sacramento both posted negative rents (-0.1% and -0.7%, respectively), but could be poised for a strong rebound, given the economic stability that comes with being a federal or state capital.
LIMITED SUPPLY WITH NATIONALLY TOP RANKED RENT GROWTHPer the Yardi Matrix 2019 Multifamily report, Sacramento MSA ranked #3 in Year-Over-Year rent growth in 2019. The Southwest and West continue to exhibit the highest rent growth, with Phoenix (7.5%), Las Vegas (6.0%), and Sacramento (5.3%) producing the strongest gains.
• Robust Rent Growth: Sacramento continues to see strong rent growth and declining vacancy rates — annual rent growth exceeded 4% throughout the region, and vacancy rates are at 4.2% based on internal NKF market surveys.
• Strong Employment Gains: Sacramento employment figures continue to improve, with steady employment growth and declining unemployment rates. The MSA has surpassed its 2007 pre-recession peak and now stands at a new high of 1,030,270 total jobs as of December 2019.
• Limited New Supply: New construction of multifamily properties continues to remain limited throughout Sacramento. This lack of new supply combined with steady employment gains has continued to fuel rent growth (see chart below).
0%
1%
2%
3%
4%
5%
0
5,000
10,000
15,000
20,000
25,000
30,000Inventory growth in Sacramento remains the lowest of all major markets tracked by AxioMetrics
Matrix National Multifamily Report | May 2020 | 06
I N S P I R A T I O N H U T - 0 . 2 5 C M G R I D
Employment, Supply and Occupancy Trends; Forecast Rent Growth
Market
YoY Rent Growth
as of May - 20
Forecast Rent Growth
(YE 2020)
YoY Job Growth (6-mo. moving avg.)
as of March - 20
Completions as % of Total Stock
as of May - 20
Occupancy Rates as of
April - 19
Occupancy Rates as of
April - 20
Sacramento 1.5% 5.6% 1.6% 0.9% 96.4% 95.7%
Indianapolis 2.5% 3.3% 0.7% 1.4% 94.4% 93.7%
Tampa 1.7% 2.2% 2.3% 1.9% 95.0% 94.5%
Twin Cities 1.6% 1.3% 0.0% 2.6% 96.9% 96.1%
Kansas City 1.0% 1.1% 0.9% 1.3% 94.9% 94.5%
Baltimore 0.7% 0.8% 0.6% 0.8% 95.1% 94.5%
Philadelphia 1.8% 0.8% 0.8% 1.3% 95.7% 95.5%
Los Angeles -0.7% 0.7% 1.2% 2.1% 96.5% 95.8%
Inland Empire 2.8% 0.6% 1.5% 1.7% 96.0% 95.4%
Seattle 1.8% 0.4% 2.4% 3.8% 95.7% 95.1%
Washington DC 0.0% 0.4% 1.5% 2.1% 95.5% 95.2%
Las Vegas 1.1% -8.7% 1.4% 1.1% 95.2% 94.3%
Atlanta -0.2% -4.4% 2.0% 2.1% 94.3% 93.6%
Miami Metro 0.4% -3.8% 0.8% 3.2% 95.2% 94.9%
Orlando -1.0% -3.8% 2.1% 3.0% 95.2% 94.5%
Portland 0.1% -3.5% 1.1% 2.8% 95.4% 94.6%
Chicago -0.9% -2.9% 0.3% 2.5% 94.7% 94.1%
San Jose -0.9% -2.6% 1.3% 1.6% 95.9% 95.3%
Charlotte 1.8% -2.5% 2.0% 3.6% 95.1% 94.5%
Raleigh 1.0% -1.9% 1.8% 2.8% 94.8% 94.3%
San Antonio 0.8% -1.9% 2.4% 2.1% 93.2% 92.2%
Houston -0.7% -1.8% 2.0% 1.6% 92.7% 92.2%
Austin 0.2% -1.5% 3.3% 4.8% 94.6% 94.2%
Boston -1.0% -1.4% 0.7% 2.7% 96.4% 95.8%
Phoenix 3.5% -1.3% 3.2% 2.1% 95.5% 95.0%
Nashville 1.4% -1.2% 3.1% 1.8% 95.2% 94.7%
Dallas 1.3% -1.0% 2.9% 2.8% 94.3% 93.7%
Denver -1.0% -0.6% 2.5% 5.2% 95.1% 94.0%
Orange County 0.8% -0.6% 0.9% 2.1% 96.0% 95.9%
San Francisco -1.0% -0.2% 1.5% 2.2% 95.8% 95.4%
Source: Yardi Matrix
1317 F STREET
1317 F STAPARTMENTS
SURAPARTMENTS
SURAPARTMENTS
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PROPERTY SUMMARY
Address 1317 F StSacramento, CA 95814
County Sacramento
Year Built / Renovated 1964 / 2019
Total # of Units 10
Net Rentable SF 7,524
Parcel # 002-0124-018-0000
# of Acres 0.15
Density 66.6
Parking Spaces 8 Covered plus permitted street parking
Parking Ratio 0.8
Total Buildings 1
Total # of Stories 2
Framing Wood
Roof Shingle Membrane
Paving Asphalt
HVAC Split Heat/Air System
Electrical Copper
Water Heaters Electric
Washer/Dryers Stacked W/D in each unit
UTILITIESPAID BY METHOD SUPPLIED BY
Electric Owner Direct SMUD
Water/Sewer Owner Direct City of Sacramento
Trash Owner Direct Waste Management
Internet Owner Bulk Comcast
P R O P E R T Y O V E R V I E W
UNIT MIX SUMMARYUNIT TYPE # UNITS % OF
TOTAL AVG SF CURRENT RENTS
MARKET RENTS
2 BR x 1 BA 8 80% 813 $2,150 $2,195
3 BR x 1 BA 2 20% 975 $2,400 $2,495
Total/Avg 10 100% 845 $22,110 $22,550
1317 F STREET
1317 F STAPARTMENTS
SURAPARTMENTS
SURAPARTMENTS
1716
AMENITIES1317 F St features newly-renovated 2-Bedrooms and one 3-bedroom apartments that combine modern style with upscale interior finishes. APARTMENT AMENITIES
Stacked washer/dryer
Split heat/air system
Recessed lighting
USB charging outlets
Premium swivel TV mount
Luxury vinyl plank flooring
Dishwasher
Pet-friendly
Complimentary high-speed WiFi
Dial vanity in bathroom
Garbage disposal
Smart lock
Carbon monoxide & smoke alarm
Induction stoves COMPARABLE ANALYSIS
1317 F STREET
1317 F STAPARTMENTS
SURAPARTMENTS
SURAPARTMENTS
1918
Subject Comp 1 Comp 2 Comp 3 Comp 4 Comp 5 Comp 6 Comp 7
Property Name 1317 F St 519 T St 2626 J St 1301 H St Eviva Q19 Apartments Ice House Gio Apartments TTL / AVG
Address 1317 F St 519 T St 2626 J St 1301 H St 1321 N St 1907 Q St 1710 R St 3675 T St
City Sacramento Sacramento Sacramento Sacramento Sacramento Sacramento Sacramento Sacramento
Year Built / Renovated 1969 / 2019 1900 / 2017 1875 / 2019 2016 2018 2018 2019
Units 10 4 2 9 118 68 142 213 79
Rent $2,255 $2,271 $2,400 $2,193 $2,788 $2,969 $2,525 $2,782 2,578
Avg SF 845 1,021 1,000 828 1,058 1,050 864 1,077 1,011
Avg Rent PSF $2.67 $2.23 $2.40 $2.65 $2.63 $2.83 $2.92 $2.58 $2.55
Renovated Yes Yes Yes Yes New Product New Product New Product New Product
Property Name 1317 F St 519 T St 2626 J St 1301 H St Eviva Q19 Apartments Ice House Gio Apartments TTL / AVG
2 Bedroom 1 Bath 8 Units Units Units 2 Units Units Units 4 Units 1 UnitsAvg Asking Rent $2,195 $1,995 $2,525 $2,615 $2,386
Avg SF 813 691 864 980 831Avg Rent PSF $2.70 $2.89 $2.92 $2.67 $2.87
2 Bedroom 2 Bath Units 3 Units 2 Units 7 Units 40 Units 7 Units 10 Units 63 UnitsAvg Asking Rent $2,130 $2,400 $2,250 $2,788 $2,969 $2,525 $2,753 $2,712
Avg SF 947 1000 867 1058 1050 864 1064 1,032Avg Rent PSF $2.25 $2.40 $2.60 $2.63 $2.83 $2.92 $2.59 $2.63
3 Bedroom 1 Bath 2 Units 1 Units Units Units Units Units Units UnitsAvg Asking Rent $2,495 $2,695 $2,695
Avg SF 975 1242 1,242Avg Rent PSF $2.56 $2.17 $2.17
3 Bedroom 2 Bath Units 1 Units Units Units Units 3 UnitsAvg Asking Rent $2,695 $3,443 $3,256
Avg SF 1242 1394 1,356Avg Rent PSF $2.17 $2.47 $2.40
RENT COMPARABLE MATRIX
The rent matrix below illustrates fair market rents for renovated and new product in Midtown. NKF research concluded market rents of $2,195 and $2,495 for the 2- and 3-bedroom units, respectively.
The average of surveyed renovated market rents equals $2,242
The average of surveyed new product market rents equals $2,739
1317 F Street currently does not charge RUBS and provides high speed internet services to tenants free of charge.
F I N A N C I A L A N A LY S I S
1317 F STREET
1317 F STAPARTMENTS
SURAPARTMENTS
SURAPARTMENTS
2120
The following section provides detailed information on the operations of the subject property, including an analysis of revenue trends, historic operations, and our pro forma underwriting and assumptions.
OVERVIEW
INVESTMENT SUMMARY
Price $3,600,000
Address 1317 F StSacramento, CA 95814
County Sacramento County
Year Built 1964
Total # of Units 10
Net Rentable SF 7,524
# of Acres 0.15
Density 66.6
Parking Spaces 8 Covered plus permitted street parking
Parking Ratio 0.8
Total Buildings 1
Total # of Stories 2
SUR Apartments - APTS1317 F Street, Sacramento, CA10 Units
ACTUAL PER UNIT PER MONTH ACTUAL PER UNIT PER MONTH
INCOME GROSS POTENTIAL RENT $265,320 % GPR $26,532 $22,110 $270,600 % GPR $27,060 $22,550Less: VACANCY LOSS ($13,266) -5.0% ($1,327) ($1,106) ($13,530) -5.0% ($1,353) ($1,128) NET RENTAL INCOME $252,054 $25,205 $21,005 $257,070 $25,707 $21,423Plus: PARKING INCOME $0 $0 $0 $12,000 $1,200 $1,000Plus: UTILITY REIMBURSEMENTS $0 $0 $0 $6,600 $660 $550 TOTAL INCOME $252,054 $25,205 $21,005 $275,670 $27,567 $22,973
EXPENSES$1,500 $150 $125 $1,500 $150 $125
TURNOVER $2,500 $250 $208 $2,500 $250 $208REPAIRS & MAINTENANCE $2,500 $250 $208 $2,500 $250 $208UTILITIES $9,720 $972 $810 $9,720 $972 $810TOTAL CONTROLLABLE EXPENSES $16,220 $1,622 $1,352 $16,220 $1,622 $1,352MANAGEMENT FEE $10,082 4.0% $1,008 $840 $11,027 4.0% $1,103 $919INSURANCE $2,500 $250 $208 $2,500 $250 $208REAL ESTATE TAXES $40,936 1.14% $4,094 $3,411 $40,936 1.14% $4,094 $3,411SPECIAL ASSESSMENTS $1,403 $140 $117 $1,403 $140 $117TOTAL OPERATING EXPENSES $71,141 $7,114 $5,928 $72,085 $7,209 $6,007CAPEX / RESERVES $2,500 $250 $208 $2,500 $250 $208TOTAL EXPENSES $73,641 $7,364 $6,137 $74,585 $7,459 $6,215
NOI AFTER RESERVES $178,413 $17,841 $14,868 $201,085 $20,108 $16,757
LIST PRICEPRICE PER UNITPRICE PER S.F.CAP. RATEGROSS RENT MULTIPLIER 13.6 13.3
$360,000 $360,000$486 $486
$3,600,000 $3,600,000
5.0% 5.6%
PRO FORMA - MARKET RENTS
UNDERWRITINGVALUATION
PRO FORMA -CURRENT RENTS PRO FORMA - MARKET RENTS
ADMINISTRATIVE
VALUATION SUMMARY PRO FORMA -CURRENT RENTS
The following section provides detailed information on the operations of the subject property, including an analysis of revenue trends, historic operations, and our pro forma underwriting and assumptions.
FINANCIAL ANALYSIS
UNIT MIX SUMMARYUNIT TYPE # UNITS % OF
TOTAL AVG SF CURRENT RENTS
MARKET RENTS
2 BR x 1 BA 8 80% 813 $2,150 $2,195
3 BR x 1 BA 2 20% 975 $2,400 $2,495
Total/Avg 10 100% 845 $22,110 $22,550
REGIONAL OVERVIEWLocated approximately 75 miles northeast of San Francisco, the Greater Sacramento Region,
consisting of El Dorado, Placer, Yolo, and Sacramento counties, is known as one of the most vibrant
areas in California. Situated at the intersection of Interstate 80 and Interstate 5, and surrounded
by the Sacramento Valley to the north and San Joaquin Valley to the south, Sacramento lies in the
center of one of the world’s richest agricultural regions.
As the Capital of California, both the City of Sacramento and the outer suburbs benefit from a strong
governmental presence. Government employees make up more than 25% of the employment
sector, and much of the state’s $115+ billion budget flows through Sacramento in some form. In
addition to government-related industries, over the past two decades Sacramento has become
increasingly attractive to non-governmental industries including technology, life sciences,
education, and healthcare, which have been drawn to the region’s high quality workforce, lower
cost of living, lack of seismic activity, and extensive infrastructure connecting it easily to other
metropolitan areas throughout the west coast.
#1“CALIFORNIA’S NEWEST REAL ESTATE HOT SPOT”
#1“CALIFORNIA’S FASTEST
GROWING BIG CITY”
#2“METRO FOR BAY AREA
RESIDENT INFLOW”
REGIONAL JOB GROWTHSacramento’s strong economic base and diversifying industry sectors continue
to create job opportunities that attract the growing population. Economic health,
combined with relatively affordable rents, and a desirable quality of life will continue
supporting in-migration of individuals and companies that seek access to the
expanding, highly-skilled employment base. Landlords, in particular, will benefit
from the population expansion and job growth as employees in leading job creation
sectors such as construction, education, health services, and leisure, are historically
drawn to rentals.
DOWNTOWN SACRAMENTO• Downtown Sacramento is home to Capitol Park, which houses
the California State Capitol and its museum.
• There is a busy dining and nightlife scene in Downtown
Sacramento which includes farm-to-table restaurants, cocktail
bars, and performing arts theaters.
• The NBA's Sacramento Kings play their games at the Golden 1
Center located in the heart of Downtown Sacramento.
• Golden 1 Center anchors Downtown Commons, a 1.8 million
square foot work-in progress.
• During the summer months, the Downtown Sacramento
Partnership hosts the Concerts in the Park series.
• With a daytime population of nearly 100,000, Downtown
Sacramento also represents the region’s largest employee
base.
Sacramento
Lincoln Auburn
5
80
50
99
99
49
Arden
80
South Natomas
North Natomas
Rancho Cordova
Folsom
Roseville
Rocklin
Carmichael
Fair Oaks
Antelope
Davis
Woodlands
Elk Grove
80
5
80
Florin
West Natomas
Midtown
DEMOGRAPHICS — 1, 3, 5 MILE RADIUS
DEMOGRAPHICINFORMATION
1, 3, 5 MILE RADIUS
$83,751AVERAGE ANNUAL HOUSEHOLD
INCOME WITHIN 3-MILES
3.74%MEDIAN HOUSEHOLD INCOME
ANNUAL GROWTH RATE
34.6MEDIAN AGE WITHIN
5-MILES
SOLID DEMOGRAPHICSThe average annual household income within a three-mile of 1317 F St is approximately $83,751.
According to ESRI, median household income is expected to grow by 3.74% per year for the next
five years within a one-mile radius of the property, as the Midtown micro-location continues to
benefit from a business-accommodative policy and spillover from downtown Sacramento and the
Bay Area.
2019 1 MILE 3 MILES 5 MILES
Population 19,259 138,554 331,959
Households 10,876 61,314 134,053
Families 1,927 28,381 70,781
Avg Household Size 1.46 2.18 2.42
Median Age 36.9 36.4 34.6
Avg Household Income $67,071 $83,751 $76,730
5 YEAR ANNUAL GROWTH
Population 1.70% 1.02% 0.91%
Households 1.86% 1.02% 0.85%
Families 1.75% 0.88% 0.78%
Median Household Income 3.74% 3.39% 3.08%
1317 F STREET
1317 F STAPARTMENTS
SURAPARTMENTS
SURAPARTMENTS
28FINANCIAL ANALYSIS
INVESTMENT OPPORTUNITY - PORTFOLIO SALE
NEWMARK KNIGHT FRANK980 9th St, Suite 2500Sacramento, CA 95814T 916.920.4400
F O R M O R E I N F O R M AT I O N O N T H I S O F F E R I N G M E M O R A N D U M , P L E A S E C O N TA C T :
1317 F STREET
NATE [email protected]
916.599.6523 License CA: 01467941
MARC ANDENMAT [email protected]
916.835.8844 License CA: 01956176
In addition to 1317 F Street, Newmark Knight Frank would also like to bring to your attention another property for sale by the same owner - 1321 E Street in Sacramento. The properties are being listed individually, but can be purchased together creating numerous economies of scale to an investor.
1317 F St1317 F St, Sacramento
10 Units Total8 2BR x 1BA & 2 3BR x 1BA
OFFERED AT $3,600,000
1321 E St1321 E St, Sacramento
16 Units Total15 Studios & 1 1BR x 1BA
OFFERED AT $3,600,000
