Prime Residential Location

• Woodlake Oaks Apartments is located in the highly desirable neighborhood of Woodlake. Woodlake is a stately 1930s and 1940s neighborhood situated within North Sacramento. Lochbrae Road is located on a street and neighborhood consisting of mostly single family homes. This neighborhood is mostly inhabited by career professionals; it is often cited in Sacramento publications as one of Sacramento's most desired neighborhoods. Like parts of East Sacramento and Land Park, the neighborhood employs private security. Woodlake is home to Woodlake Tavern, the Woodlake Swim Club, and Iceland, a seasonal ice skating rink. The headquarters of Sacramento News & Review, Sacramento's alternative newspaper, is in Woodlake. The Woodlake area consists mostly of single family homes.
• Residential location consisting mostly single family homes
• Easy access to downtown/midtown Sacramento
• Woodlake Oaks Apartments is a 12 unit, pride of ownership building, consisting of (12) 1bd/1ba units. The property has been under the current ownership for 18 years, and has been beautifully maintained and managed during that time. Recent improvements include a brand new roof, updated plumbing, new individual water meters, new exterior stucco, and all 12 interiors have been updated within the last five years. Woodlake Oaks Apartments is a tremendous add value opportunity without the need for any capital improvements. There is currently $2884 per month loss-to-lease, bringing strong day 1 upside to the new owners with more efficient management. Additionally, value can be added through the addition of a RUBS program at $40 per month per unit, and there are 12 storage units on site that could be rented out for an additional $35 per month. With improved efficiency, the onsite laundry income can be improved as well. This is a rare value-add opportunity without the need for any capital improvements. Lastly, this property is located within an opportunity zone, providing the right buyer a potential shelter from capital gains.