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18093 Lasso Loop 2 Unit Apartment Building $926,275 CAD ($463,138 CAD/Unit) 5% Cap Rate Penn Valley, CA 95946
INVESTMENT HIGHLIGHTS
- Close to Town Center and Gateway Park
- Energy Efficient / Fire Proof New Construction
- Great Neighborhood
EXECUTIVE SUMMARY
Investment Opportunity – Workforce Housing Portfolio, Penn Valley Town Center
Acquire two newly constructed 2-bedroom / 2-bath units (Units A & B) in a duplex development created by the NevCo West Community Land Trust, located in the heart of Penn Valley. This offering enables investors to partner in delivering much-needed middle-income housing while generating reliable returns and positive community impact. Ideal for socially minded investors seeking stable cash flow, minimal management obligations, and measurable community impact.
Unit A - 948 SF - $355,000
Unit B - 780 SF - $315,000
Unit C - Coming Soon
Key Features
- Two separate units (and a third under construction), each sold individually but listed together as a packaged investment opportunity.
- Rents structured to remain affordable for the middle-income segment and set to yield approximately 5% in Year 1, with growth potential up to 7% by Year 10. Realized gains annually, with a 3% appreciation cap realized at the time of resale.
- Property held pursuant to a 99-year renewable ground lease model, preserving long-term affordability while allowing investor resale under favorable terms.
- Full turnkey management provided: tenant screening, onsite maintenance, bookkeeping—investors receive monthly income with no landlord responsibilities.
- Designed and delivered below typical market cost so that affordability and profit are aligned: you invest, earn, and support the local workforce housing pipeline.
Why This Is a Strategic Match
- Strong social value + investment yield: you align capital with community benefit, creating housing access while earning solid returns.
- Market positioning: Penn Valley town center offers visibility, accessibility, and demand for workforce housing.
- Scalable model: With the ground lease structure and CLT stewardship, risk is mitigated and long-term stability is built in.
*Listing reflects combined portfolio; potential to own one or both units (subject to separate sale terms) for flexibility.
Acquire two newly constructed 2-bedroom / 2-bath units (Units A & B) in a duplex development created by the NevCo West Community Land Trust, located in the heart of Penn Valley. This offering enables investors to partner in delivering much-needed middle-income housing while generating reliable returns and positive community impact. Ideal for socially minded investors seeking stable cash flow, minimal management obligations, and measurable community impact.
Unit A - 948 SF - $355,000
Unit B - 780 SF - $315,000
Unit C - Coming Soon
Key Features
- Two separate units (and a third under construction), each sold individually but listed together as a packaged investment opportunity.
- Rents structured to remain affordable for the middle-income segment and set to yield approximately 5% in Year 1, with growth potential up to 7% by Year 10. Realized gains annually, with a 3% appreciation cap realized at the time of resale.
- Property held pursuant to a 99-year renewable ground lease model, preserving long-term affordability while allowing investor resale under favorable terms.
- Full turnkey management provided: tenant screening, onsite maintenance, bookkeeping—investors receive monthly income with no landlord responsibilities.
- Designed and delivered below typical market cost so that affordability and profit are aligned: you invest, earn, and support the local workforce housing pipeline.
Why This Is a Strategic Match
- Strong social value + investment yield: you align capital with community benefit, creating housing access while earning solid returns.
- Market positioning: Penn Valley town center offers visibility, accessibility, and demand for workforce housing.
- Scalable model: With the ground lease structure and CLT stewardship, risk is mitigated and long-term stability is built in.
*Listing reflects combined portfolio; potential to own one or both units (subject to separate sale terms) for flexibility.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$74,489
|
$43.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$74,489
|
$43.11
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$28,203
|
$16.32
|
| Net Operating Income |
$46,286
|
$26.79
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $74,489 |
| Annual Per SF | $43.11 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $74,489 |
| Annual Per SF | $43.11 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,203 |
| Annual Per SF | $16.32 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $46,286 |
| Annual Per SF | $26.79 |
PROPERTY FACTS
| Price | $926,275 CAD | Property Type | Multifamily |
| Price Per Unit | $463,138 CAD | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5% | Lot Size | 1.45 AC |
| Sale Condition | Ground Lease (Leasehold) | Building Size | 1,728 SF |
| Gross Rent Multiplier | 12.6 | No. Stories | 1 |
| No. Units | 2 | Year Built | 2025 |
| Zoning | ResAg-PD | ||
| Price | $926,275 CAD |
| Price Per Unit | $463,138 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Sale Condition | Ground Lease (Leasehold) |
| Gross Rent Multiplier | 12.6 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 1.45 AC |
| Building Size | 1,728 SF |
| No. Stories | 1 |
| Year Built | 2025 |
| Zoning | ResAg-PD |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | $3,104 CAD | 780 - 948 |
1 1
PROPERTY TAXES
| Parcel Number | 051-200-016-000 | Improvements Assessment | $282,020 CAD |
| Land Assessment | $136,639 CAD | Total Assessment | $418,659 CAD |
PROPERTY TAXES
Parcel Number
051-200-016-000
Land Assessment
$136,639 CAD
Improvements Assessment
$282,020 CAD
Total Assessment
$418,659 CAD
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Gold Country Ranches & Realty
18093 Lasso Loop
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