This 21-unit apartment complex consists of spacious loft-style units which all feature a 3 bedroom and 2 bathroom layout. The property has undergone a variety of capital improvements in recent years and the majority of the units have been fully renovated. The residents can enjoy easy access to the US-50 Freeway and various restaurants located in close proximity. Due to its convenient location and attractive unit layouts, Oceana Townhomes benefit greatly from low vacancy rates and high tenant demand. With strong in-place rents, the property can achieve attractive financing and further rental upside with the capture of 20% in loss to lease.
Rancho Cordova is located in California. Rancho Cordova, California has a population of 70,785. Rancho Cordova is less family-centric than the surrounding county with 29.75% of the households containing married families with children. The county average for households married with children is 32.97%.
The median household income in Rancho Cordova, California is $57,965. The median household income for the surrounding county is $60,239 compared to the national median of $57,652. The median age of people living in Rancho Cordova is 34 years.
The average high temperature in July is 93.3 degrees, with an average low temperature in January of 40.7 degrees. The average rainfall is approximately 25.5 inches per year, with 0 inches of snow per year.
