Regalia Crest Apartments 3536 Watt Ave 128 Unit Apartment Building For Sale Sacramento, CA 95821

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ALIVE Commercial Real Estate, as the exclusive advisor, is pleased to present the opportunity to acquire Regalia Crest, a 128-unit multifamily community located at 3536 Watt Avenue in Sacramento, one of the region’s most densely populated and supply-constrained rental corridors. Originally constructed in 1976 and situated on approximately 2.62 acres, the Property consists of five, three-story residential buildings totaling over 100,000 square feet, strategically positioned along one of Sacramento’s primary north-south transportation corridors. The Property features a highly functional unit mix of one-, two-, and three-bedroom floor plans (60 one-bedroom, 65 two-bedroom, and 3 three-bedroom units), appealing to a broad tenant base and supporting stable occupancy. Community amenities include gated entry, swimming pool and spa, on-site laundry facility, covered parking, and an on-site leasing office, consistent with assets of similar size and competitive positioning. While prior ownership completed interior upgrades, there has not been a cohesive, property-wide renovation program since 2013-2015. As a result, many units feature a mix of finishes, including LVT flooring, painted original cabinetry, and resurfaced countertops, presenting a clear opportunity for a new owner to implement a more comprehensive and uniform interior upgrade strategy. A highly attractive and differentiating component of the offering is the assumable in-place financing, which includes an approximate loan balance of $11.4 million at a fixed interest rate of 3.71%, maturing April 1, 2031. In today’s elevated interest rate environment, this presents a rare opportunity for a Buyer to acquire the asset at current market pricing while benefiting from historically low, in-place debt originated during the post-COVID capital markets cycle. The ability to assume this favorable financing structure provides immediate cash flow advantages, execution certainty, and a meaningful hedge against today’s higher cost of capital, ultimately improving overall yield and investment performance.