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Investment Highlights

  • Value add asset with demonstrated rent acceptance despite deferred maintenance, Summerset Apartments continues to achieve competitive rents
  • The property serves a core workforce housing demographic
  • The bankruptcy disposition offers a rare opportunity to acquire at a discounted basis
  • The community benefits from proximity to major employment corridors, Highway 99, public transit options, and dense neighborhood serving retail

Executive Summary

This is a Chapter 11 Trustee sale and will follow the Bankruptcy process. The Bankruptcy Court will need to approve the final sale.
Price is to be determined by the market.

Property Facts

Sale Type Investment
Sale Conditions
Distress Sale
  • Deferred Maintenance
No. Units 120
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 5.66 AC
Building Size 91,326 SF
Average Occupancy 98%
No. Stories 2
Year Built 1969
Parking Ratio 1.92/1,000 SF
Zoning RD20

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Heating
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Walk-In Closets
  • Linen Closet
  • Patio
  • Vinyl Flooring

Site Amenities

  • Controlled Access
  • Courtyard
  • Laundry Facilities
  • Pool
  • Property Manager on Site
  • Security System
  • Gated
  • Maintenance on site
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 12 $1,782 CAD 640
2+1 108 $2,330 CAD 740
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 037-0251-011
  • 037-0188-005
Land Assessment
$2,153,702 CAD
Improvements Assessment
$10,100,493 CAD
Total Assessment
$12,254,196 CAD
  • Listing ID: 40480401

  • Date on Market: 2026-05-11

  • Last Updated:

  • Address: 6267 Martin Luther King Jr Blvd, Sacramento, CA 95824

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