5500 Foothill Garden Court
- Strong Operating History Property in a Quiet Cul-de-Sac Suburban Setting
- Large, Diverse Floorplans in Units that Feature Double Pane Windows, Individual Water Heaters, and Select Upgraded Interiors
- Interior Renovation Program Currently Underway - Resurfaced Countertops, Vinyl Plan, Flooring in Wet Areas, New Carpet in Bedrooms
- New Roofs Installed on Multiple Buildings in 2025 & 2026
Property Description
The DeLoney Group is pleased to exclusively present Ventura Gardens Apartments, a 56-unit multifamily community located in unincorporated Sacramento County. Situated within a quiet residential neighborhood at the end of a secluded cul-de-sac, the property consists of three two-story residential buildings encompassing approximately 35,650 rentable square feet on 0.59 acres. Ventura Gardens offers a desirable mix of studio, one-bedroom, and two-bedroom floor plans that appeal to a broad renter demographic, supported by a private residential setting, landscaped grounds, a swimming pool, gazebo with BBQ area, onsite laundry facilities, and ample parking. Current ownership has implemented a thoughtful interior renovation program during unit turnover, creating a proven blueprint for continued value creation. Renovated residences feature resurfaced countertops, refinished cabinetry with brushed nickel hardware, updated flooring, modern window treatments, and refreshed interior finishes that position the property to compete effectively within the surrounding rental market. In addition to its interior improvements, Ventura Gardens has benefited from meaningful exterior capital investment. All apartment homes have been upgraded with dual-pane windows that improve resident comfort and energy efficiency, while individual water heaters reduce owner utility expenses—an uncommon operational advantage for properties of this vintage. Furthermore, multiple buildings received a new roofs in 2025 and 2026, and exterior painting has recently been completed, reducing near-term capital expenditure requirements. The investment is further enhanced by the availability of an attractive 3.52% interest-only assumable Fannie Mae loan with a balance of $3,991,000, providing investors with below-market financing into 2031 and creating an immediate competitive advantage in today's lending environment. Strategically positioned just minutes from American River College, Interstate 80, and numerous retail, employment, and healthcare destinations, Ventura Gardens benefits from excellent regional connectivity and access to one of Northern California's most stable employment markets. Sacramento continues to experience long-term population and household growth supported by government, healthcare, education, and technology employment sectors, reinforcing durable multifamily demand throughout the region. Combining stable in-place operations, recent capital improvements, below-market assumable financing, and a clearly defined value-add strategy, Ventura Gardens represents an exceptional opportunity to acquire a well-positioned multifamily investment with immediate income, meaningful upside, and long-term appreciation potential in one of Northern California's most resilient apartment markets.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $8,000,000 |
| No. of Units: | 56 |
| Year Built: | 1967 |
| Lot Size: | 1.39 Acres |
| Opportunity Zone: | No |
| Price per unit: | $142,857 |
| Property Website | Click Here |
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