Updated Aug 24, 2026
Manroop Purewal Purchases Multifamily Asset From Jeffrey Lee For $10.9 Million In Sacramento
5949 Lake Crest Way
$10,900,000
$166/SF
Building Size
65,400 SF
Asset Type
MultiFamily
Closing
Jul 17, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 5949 Lake Crest Way in Sacramento. The sale price was $10,900,000, with a total square footage of 65,400 square feet, resulting in a price per square foot of $166.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,900,000
- Address: 5949 Lake Crest Way
- Market: Sacramento
- Square Footage: 65,400
- Price per Square Foot: $166
- Buyer: Manroop Purewal
- Seller: Jeffrey Lee
- Brokers: Spencer Moyer & Isaac Merritt - Alive Commercial Real Estate
This transaction featured buyer Manroop Purewal and seller Jeffrey Lee, facilitated by brokers Spencer Moyer and Isaac Merritt, representing Alive Commercial Real Estate. Their involvement played a crucial role in the successful completion of the sale.
Players
Sacramento MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93