ACI Facilitates Sale of Sacramento Property
- Apr 23, 2019
ACI Apartments has arranged the sale of Lemon Hill Apartments, a 40-unit, garden-style community in Sacramento, Calif., for $4 million. The company brokered the sale on behalf of the sellers, private investors. The buyer, who is also a private investor, was self-represented.
Situated at 6304 Lemon Hill Ave., the community is near freeways 99 and 50, approximately 8 miles from downtown Sacramento and around 20 miles from the Sacramento International Airport. In addition, the property is surrounded by many dining, shopping and entertainment options, including the WCP Southgate Plaza, Plaza del Sol and other retailers in the area.
Constructed in 1965, the 10-building community occupies 1.62 acres and encompasses one- and two-bedroom units. Communal area amenities include a courtyard, laundry facility, barbecue area, 42 parking spaces, security gate and a leasing office.
Senior Associate Doug Taber arranged the sale of the community. In June 2018, ACI Apartments arranged the sale of a seven-unit community in San Diego’s City Heights.
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