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Ethan Park Place 1860 Ethan Way 22 Unit Apartment Building $3,819,536 CAD ($173,615 CAD/Unit) 6.33% Cap Rate Sacramento, CA 95825

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Investment Highlights

Offered at an Attractive Basis of $127,272 Per Unit.
Ideally Located Adjacent to the Arden Fair Mall, Cal Expo, Home Depot , and Numerous Major Employers.
Value Add Opportunity Offered Far Below Replacement Cost.

6.33% Current Cap Rate Underwritten to a Realistic 46% Expense Load.
Fully Gated Community Featuring Onsite Laundry and Ample Parking.

Executive Summary

ALIVE Commercial Real Estate is pleased to present Ethan Park Place, a 22- unit apartment community ideally situated in Arden-Arcade—one of Sacramento’s most established retail and employment hubs. Originally constructed in 1963 and improved over time, the property sits on 0.68 acres and features 22 well-designed units, a centralized laundry facility, ample onsite parking, and secure gated access. The unit mix consists of (15) one bedroom/one-bathroom and (7) two-bedroom/one-bathroom floor plans, catering to strong and consistent demand from workforce renters seeking affordable, conveniently located housing. Ethan Park Place offers the next owner a well-located, value-add multifamily asset with a stable operating history and multiple avenues for long-term income growth and value enhancement.

Financial Summary (Actual - 2025)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$451,878	$22.14
Other Income	$6,111	$0.30
Vacancy Loss	$13,555	$0.66
Effective Gross Income	$444,434	$21.78
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$202,587	$9.93
Net Operating Income	$241,848	$11.85

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual	$451,878
Annual Per SF	$22.14

Other Income (CAD)
Annual	$6,111
Annual Per SF	$0.30

Vacancy Loss (CAD)
Annual	$13,555
Annual Per SF	$0.66

Effective Gross Income (CAD)
Annual	$444,434
Annual Per SF	$21.78

Taxes (CAD)
Annual	-
Annual Per SF	-

Operating Expenses (CAD)
Annual	-
Annual Per SF	-

Total Expenses (CAD)
Annual	$202,587
Annual Per SF	$9.93

Net Operating Income (CAD)
Annual	$241,848
Annual Per SF	$11.85

Property Facts

Price	$3,819,536 CAD	Building Class	C
Price Per Unit	$173,615 CAD	Lot Size	0.66 AC
Sale Type	Investment	Building Size	20,409 SF
Cap Rate	6.33%	Average Occupancy	95%
No. Units	22	No. Stories	2
Property Type	Multifamily	Year Built	1963
Property Subtype	Apartment	Parking Ratio	1.95/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RD30, Sacramento

Price	$3,819,536 CAD
Price Per Unit	$173,615 CAD
Sale Type	Investment
Cap Rate	6.33%
No. Units	22
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.66 AC
Building Size	20,409 SF
Average Occupancy	95%
No. Stories	2
Year Built	1963
Parking Ratio	1.95/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RD30, Sacramento