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Apartments – Sacramento (For Sale)

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Purchase Price – $1,049,000

Number of Units – 14

Building Size: 12,400 rentable square feet

Lot Size: 0.73 acres

Parking Spaces: 28

Property Address: 6420 46th Street, Sacramento, CA 95823

 

Article contributed by Brian Jacks

Brian Jacks is a Sacramento commercial real estate broker (since 1996) specializing in commercial leasing and investment sale transactions for retail, office, industrial, multifamily, senior housing, mixed-use, and special purpose properties.  Having spent over 20 years with Wells Fargo, he personally facilitated the underwriting, approval and funding of more than 225 commercial real estate loans totaling over $1 billion in proceeds.

Jacks is a Regional Vice President for East West Commercial Real Estate, a full service commercial real estate brokerage advisor based in Orange County.  In addition to serving the Sacramento marketplace, he is also responsible for the company’s current expansion into the San Francisco Bay Area.  For more information, contact:

Brian.Jacks@EastWestCommercial.com
Cell (916) 837-3456 | eFax (916) 313-3778
915 L Street, Suite C-440, Sacramento, CA 95814


BRE Broker Lic. #01217349

About EAST WEST Commercial Real Estate

East West Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California, Nevada, Arizona, New Mexico and Florida.  The firm is headquartered in Orange County, CA. 

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Los Angeles 22 Homes Portfolio for Sale. Homes throughout Lancaster and Palmdale throughout Los Angeles County.
Lucrative Investment Opportunity! Motivated Seller!
Occupancy: Each home is rented. Great CASHFLOW

INQUIRE: Ask me about the 18 Home Portfolio I have available in the Inland Empire ( Riverside and San Bernardino).

Disclaimer:
The photos uses are representative of the home portfolio, but are not the actual photos of the portfolio. Buyer to verify and satisfy themselves as to the square footage of the building and East West Commercial Real Estate, LLC makes no warranty or guarantees of such.

 

Michael Duhs is the Managing Director of EAST WEST Commercial Real Estate, a full service commercial real estate brokerage advisor based in Orange County.  In addition to serving the Southern California marketplace, he is also responsible for the company’s current expansion into Northern California, Arizona, and Nevada.  For more information, contact:

Michael.Duhs@EastWestCommercial.com
Cell (949) 939-8352

30262 Crown Valley Parkway, Suite B518, Laguna Niguel, CA 92677

Broker Lic. #00864495

About EAST WEST Commercial Real Estate

EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona.  The firm is headquartered in Orange County, CA.  Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino and Phoenix.  Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.

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San Diego Apartments for Sale 8 Units – 4118 48th Street San Diego, CA

* Good Cashflow
* 10.8% Cash on Cash Return
* Consistent Occupancy
* Rents can be Raised
* Long-term tenants
* Cap Rate 7.14%

Disclaimer: Broker is a very minor owner in the property.

Close proximity to the 8 and 15 Freeways and to downtown San Diego, San Diego State University and the newly remodeled Ibarra Elementary School.
* 0.8% Cash on Cash Return
* Current Rents are slightly below market
*  Favorable unit mix — all 2BD
*  Complex is 100% leased

by Michael Duhs of East West Commercial Real Estate; Inland Empire Commercial Real Estate for Sale, Inland Empire Commercial Real Estate for Sale, Commercial Real Estate Broker

For more information, contact Michael Duhs at (949) 939-8352 or Michael.Duhs@EastWestCommercial.com

About EAST WEST Commercial Real Estate

EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona.  The firm is headquartered in Orange County, CA.  Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Phoenix, Flagstaff, and Reno.  Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.

Visit Our Websites

http://www.SanDiego-CommercialRealEstate.net
http://www.SanDiegoApartmentsForSale.com
http://www.EastWestCommercial.com
http://www.EastWestCaptialAdvisors.com
http://www.CommercialBrokerPriceOpinion.com

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San Diego Apartments for Sale 16 Units (15 permitted, one non-conforming). All 3 BD/2BA plus one studio (legal,non-conforming unit). Large units. Private, gate guarded property with consistent occupancy.

Cap Rate 7.4%
Cash on Cash Return 10.3%
Disclaimer: Broker is a very minor owner in the property.

Close proximity to the 805 and 94 Freeways. Main cross roads are Euclid Ave. and Market St.
by Michael Duhs of East West Commercial Real Estate; Inland Empire Commercial Real Estate for Sale, Inland Empire Commercial Real Estate for Sale, Commercial Real Estate Broker

For more information, contact Michael Duhs at (949) 939-8352 or Michael.Duhs@EastWestCommercial.com

About EAST WEST Commercial Real Estate

EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona.  The firm is headquartered in Orange County, CA.  Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Phoenix, Flagstaff, and Reno.  Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.

Visit Our Websites

http://www.SanDiego-CommercialRealEstate.net
http://www.EastWestCommercial.com
http://www.EastWestCaptialAdvisors.com
http://www.CommercialBrokerPriceOpinion.com

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Overall improvement in the private-sector job market and the tenuous single-family housing market will continue to prop up the southern California apartment sector through the year. Increased hiring in the professional and business services sector has supported stronger household formation growth. Gen Y will begin to move out of the nest as they become comfortable with the economic environment and feel secure with their job. This will contribute to household formation especially in the professional areas of Orange County, San Diego and Los Angeles. In Los Angeles, the number of households expanded 1.3 percent this last year, marking one of the highest rates since the late nineties. With single-family home prices on a steady decline since the fourth quarter of 2010, most of the new households will reside in multifamily properties. The growing trend to watch are the Baby Boomers beginning to shift toward retirement living from single family homes. This may bode well for some multi-family properties, but the majority of the growth will come in the senior living sector.

 

Low interest rates and strong buyer interest will motivate apartment owners to list assets in 2012, especially those who missed the strong run-up during the 2003-2007 period. This trend has already taken hold and there is a surge of 1031 exchange transactions occurring. Beach communities, as well as prime neighborhoods along the 405 and 5 corridors can offer investors returns anywhere in the high-4 to low-5 percent range. Value-add plays in more tertiary markets of the Inland Empire, north Orange County, portions of Los Angeles, and along the inland 78 corridor of San Diego and East County yield in the high-6 to low-7 percent area, depending on deferred maintenance. The hardest hit areas of the Inland Empire still maintain yields in the mid 7 to 9 percent range, due to the lingering unemployment rate and the single family housing inventory.

 

Operators will still find it difficult in some of the tertiary markets to fill units and raise rents above the rents of repositioned homes and the shadow inventory that still exists especially in portions of Inland Empire, Los Angeles county and north Orange County. Meanwhile, individuals who work in Los Angeles or Orange County are flocking to areas such as Corona, Ontario, Fontana, Chino and Corona in order to cut commutes but maintain affordable rents. The Riverside-San Bernardino market will continue to see increased activity as value-add investors and prudent buyers continue to snap up REO and distressed properties.

 

In San Diego the apartment market’s supply and demand ratio is leaning heavily toward the demand side of the equation, which is allowing owners to reduce concessions and raise rents. Effective rents will reach an all-time high in 2012 and the vacancy rate is still compressing toward 4-5% for well positioned properties in attractive markets and higher cap rates in the mid 6 to mid 7 percent range in East County and inland. These areas will attract new construction, so the risk is offset by higher yields. All in all, the investor pool exceeds the supply of for-sale properties, creating a competitive buying environment. More properties may come to market as investors see this as a good time to attract high prices for their properties.

 

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Sacramento Vice President, Brian Jacks, mentioned in the Sacramento Business Journal for recent closing of 13 unit apartment complex in South Sacramento. Click Here to read full article.

4720 Roosevelt Ave

Article contributed by Brian Jacks

Brian Jacks is a Sacramento commercial real estate broker (since 1996) specializing in commercial leasing and investment sale transactions for retail, shopping centers, multifamily, apartments, senior housing, office, industrial, mixed-use, and special purpose properties.  Having spent over 20 years with Wells Fargo, he personally facilitated the underwriting, approval and funding of approximately 250 loans totaling over $1 billion in loan proceeds.

 

Jacks is a Regional Vice President for EAST WEST Commercial Real Estate, a full service commercial real estate brokerage advisor based in Orange County.  In addition to serving the Sacramento marketplace, he is also responsible for the company’s current expansion into the San Francisco Bay Area.  For more information, contact Brian Jacks at (916) 837-3456 or Brian.Jacks@EastWestCommercial.com.

 

About EAST WEST Commercial Real Estate

 

EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona.  The firm is headquartered in Orange County, CA.  Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino and Phoenix.  Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.

 

Social Media Links

 

Twitter – http://www.Twitter.com/SacCommercialRE

Google Plus – http://www.GPlus.to/SacCommercialRE

Facebook – http://www.Facebook.com/SacCommercialRE

YouTube – http://www.YouTube.com/SacCommercialRE

LinkedIn – http://www.LinkedIn/In/bjacks

 

Visit Our Websites

 

http://www.Sacramento-Commercial-RealEstate.com

http://www.EastWestCommercial.com

http://www.EastWestCaptialAdvisors.com

http://www.CommercialBrokerPriceOpinion.com

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Less than two months ago, I received a call from a San Jose based apartment investor who had become disenfranchised with the continued rise in commercial real estate prices throughout the Bay Area.  A simple comparison of apartments for sale in both Sacramento and San Jose (within specific parameters) resulted in an average difference in cap rate (annual yield) of 3%.  The San Jose apartments we considered offered an average cap rate of 5.7%, while the Sacramento apartments offered 8.7%.  It doesn’t take a genius to realize that a higher yield on a commercial real estate investment means more cash in the investor pocket.  Naturally, the investor decided it made more sense to invest in commercial real estate (apartments) here in Sacramento, which is once again becoming quite a predictable phenomenon, as discussed in this 1st Quarter 2012 Multifamily Investor Newsletter.

Click Here to Read More!

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Brian Jacks, our Vice President and Regional Director at East West Commercial Real Estate, was recently featured in the Sacramento Business Journal on Friday, June 15th 2012,   where he comments on the multi family real estate industry. Mr. Jacks further explains how apartment complexes are drawing investors from the stock market and other real estate sectors.  Click Here for complete article.

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East West Commercial Real Estate is pleased to announce Hank Hardison as its new Los Angeles / San Fernando Valley commercial real estate broker associate. With over 20 years’ experience in the commercial real estate industry and being a licensed salesperson with the State of California since 1990, Hank will be a tremendous asset to the East West Commercial Real Estate Team.

After years of experience with the general public and honing his skills as a real estate professional, including commercial sales, property management as well as lending. He has the experience and knowledge needed with all aspects of retail-office leasing & sales that gives him the added edge to get the job done.

When the opportunity presented itself to join East West Commercial Real Estate, he knew his past work experience would fit the niche of East West Commercial Real Estate.

Hank Hardison now specializes in seeking out qualified tenants/buyers for all the properties the firm has available, in addition to the properties available that fit his client’s needs for the sale and lease of retail stores and shopping centers in Chatsworth, Simi Valley, Burbank, San Fernando Valley, Thousand Oaks and the communities of greater Los Angeles.

Given Hank’s unique set of experiences, coupled with his strong analytical skills and proven ability to serve clients, he is a solid team member and dedicated professional for commercial real estate owners, investors, tenants and landlords throughout the entire Los Angeles / San Fernando Valley area.

Hank Hardison is a Los Angeles / San Fernando Valley commercial real estate associate specializing in lease and investment transactions for retail, shopping centers, multi-family and mixed-use properties.  He is part of the firm East West Commercial Real Estate, a full service commercial real estate services company with offices throughout California including,  Los Angeles, San Francisco, San Diego, San Jose, Orange County, San Jose, Sacramento, Oakland, and Walnut Creek. East West Commercial Real Estate provides brokerage and asset management services for retail, shopping centers, office, industrial, apartments, medical office, self storage, senior housing, and hospitality. For more information, contact Hank Hardison at 805-340-9672 or Hank.Hardison@EastWestCommercial.com or http://www.eastwestcommercial.com.

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