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Riverbend Apartments 555 Douglas St 82 Unit Apartment Building $20,985,221 CAD ($255,917 CAD/Unit) 5.55% Cap Rate West Sacramento, CA 95605
Investment Highlights
- Renovated Interiors - Stone countertops, LVP flooring, new cabinetry and stainless appliances throughout.
- Minutes from Downtown Sacramento - Low-density neighborhood setting with immediate access to Downtown Sacramento via the Tower Bridge; urban convenien
- Infill Growth Corridor - Surrounded on multiple sides by sub-five-year development along Lighthouse Drive, one of West Sacramento's most actively inve
Executive Summary
The DeLoney Group at Marcus & Millichap is marketing the Riverbend Apartments for sale with free and clear delivery. The grounds and exterior have been wellmaintained
and the units upgraded to include LVP flooring, stone countertops, stainless steel appliances and new cabinets. Residents enjoy central HVAC and wall
mounted A/C.
Riverbend's location along the Lighthouse Drive corridor places it within West Sacramento's most active development zone. The property is surrounded on multiple sides
by residential and mixed-use projects completed within the last five years — a rare and tangible indicator of sustained private capital commitment to the submarket. This
established context supports rent growth, minimizes demand risk, and provides residents with an amenity-rich, walkable environment that continues to improve.
The broader demand environment continues to favor well-located infill assets. As elevated fuel costs have raised the true cost of suburban living, renter preference has
durably shifted toward locations offering proximity to employment and walkable daily conveniences. Riverbend's Lighthouse Drive address — with direct access to
Downtown Sacramento via the Tower Bridge gateway — places it squarely within that demand cohort, supporting both occupancy and long-term rent trajectory.
All tours must be conducted with listing agent present. Do not disturb management or residents.
and the units upgraded to include LVP flooring, stone countertops, stainless steel appliances and new cabinets. Residents enjoy central HVAC and wall
mounted A/C.
Riverbend's location along the Lighthouse Drive corridor places it within West Sacramento's most active development zone. The property is surrounded on multiple sides
by residential and mixed-use projects completed within the last five years — a rare and tangible indicator of sustained private capital commitment to the submarket. This
established context supports rent growth, minimizes demand risk, and provides residents with an amenity-rich, walkable environment that continues to improve.
The broader demand environment continues to favor well-located infill assets. As elevated fuel costs have raised the true cost of suburban living, renter preference has
durably shifted toward locations offering proximity to employment and walkable daily conveniences. Riverbend's Lighthouse Drive address — with direct access to
Downtown Sacramento via the Tower Bridge gateway — places it squarely within that demand cohort, supporting both occupancy and long-term rent trajectory.
All tours must be conducted with listing agent present. Do not disturb management or residents.
Property Facts
| Price | $20,985,221 CAD | Apartment Style | Garden |
| Price Per Unit | $255,917 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 3.16 AC |
| Cap Rate | 5.55% | Building Size | 50,988 SF |
| Gross Rent Multiplier | 10.24 | Average Occupancy | 95% |
| No. Units | 82 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | WF, West Sacramento | ||
| Price | $20,985,221 CAD |
| Price Per Unit | $255,917 CAD |
| Sale Type | Investment |
| Cap Rate | 5.55% |
| Gross Rent Multiplier | 10.24 |
| No. Units | 82 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.16 AC |
| Building Size | 50,988 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1974 |
| Opportunity Zone |
Yes |
| Zoning | WF, West Sacramento |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Views
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Pool
- Spa
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 46 | - | 360 |
| 1+1 | 18 | - | 595 |
| 2+1 | 10 | - | 830 |
| 2+2 | 8 | - | 946 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $15,055,885 CAD | |
| Land Assessment | $3,664,553 CAD | Total Assessment | $18,720,438 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$3,664,553 CAD
Improvements Assessment
$15,055,885 CAD
Total Assessment
$18,720,438 CAD
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Riverbend Apartments | 555 Douglas St
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