Listing Details
- Cap Rate
6.19%
- Space Type
Multifamily
- Sub Category
Apartments Building
- Sale Type
Investment Sale
- Date Listed
5/14/2025
- Parking Info
1.57/1,000 SF
Property Specifics
- Property Name
The Carla by Trion Living | 1201 Fulton Ave
- Property Class
C
- No of Stories
2
- No of Units
63
- Year Built
1965
- Building Size
60,600 SF
- Lot Size
3 Ac
- Year Renovated
2024
- APN
285-0190-033
- Zoning
RD-30
- Occupancy
98%
Highlights
• The property got entirely re-roofed in 2018, all new exterior paint scheme, has all new dual-pane windows, and each unit also has central heat/air as • Zoning = RD-30
Description
Walker & Dunlop, as the exclusive advisor, is pleased to present the opportunity to acquire The Carla located in Sacramento, California. Excellent Unit Mix: The Carla consists of all 950 SF 2x1.25 units across 16 fourplex buildings. Notable Capital Improvements: The property got entirely re-roofed in 2018, all new exterior paint scheme, has all new dual-pane windows, and each unit also has central heat/air as well as full stacked washer & dryers. The asset is gated, has a sparkling pool, as well as a picnic area. Significant Renovation & Loss-To-Lease Upside: Only 11 units have been renovated. For the un-renovated units, the next operator has the opportunity to capture an average $61 per unit in loss-to-lease independent of any immediate interior or exterior property improvements. The Carla also offers substantial value-add potential through targeted interior renovations of the remaining 52 un-renovated units. This can be seen in recently achieved rents at the asset and in the submarket presenting the opportunity to achieve an additional $148 per unit renovation premium. This equates to a total annualized loss-to-lease and renovation upside of $130,606 for all un-renovated units. Please do not disturb the tenants. Please contact the listing agent for more information and to schedule a tour.