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Daniel Shaeffer Of Cottonwood Residential Acquires 285-Unit Multifamily Property In West Sacramento For $108.4M

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SOLD
$108,400,000

California

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MultiFamily
Sold 07/23/2025
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SOLD

Daniel Shaeffer Of Cottonwood Residential Acquires 285-Unit Multifamily Property In West Sacramento For $108.4M

805 Riverfront Street

See Similar Deals
MultiFamily
Sold 07/23/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 805 Riverfront Street in West Sacramento consists of 285 units and includes 10,000 square feet of retail space. The property was sold for $108.4 million, resulting in a price per unit of $380,351. This transaction marks the second-largest multifamily sale in the Sacramento region this year.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $108,400,000
  • Units: 285
  • Price Per Unit: $380,351
  • Buyer: Daniel Shaeffer - Cottonwood Residential
  • Seller: Tom Scott - CA Ventures

CA Ventures faced prior contractor lien disputes during the completion of the project, which was sold to Daniel Shaeffer representing Cottonwood Residential. This transaction showcases the ongoing activity in the multifamily market within the Sacramento region.

Players

7 deals$499.7M volume
SELLER

Details

SOLD
IMAGE: Daniel Shaeffer & Tom Scott DATE: 07/23/2025 ADDRESS: 805 Riverfront Street MARKET: West Sacramento ASSET TYPE: Multifamily BUYER: Daniel Shaeffer (@Shaeffer70) - Cottonwood Residential (@CottonwoodResidential) SELLER: Tom Scott - CA Ventures SALE PRICE: $108,400,000 UNITS: 285 ~ PPU: $380,351 NOTE: Cottonwood Residential acquired the 285-unit 805 Riverfront in West Sacramento for $108.4 million, marking the second-largest multifamily sale in the Sacramento region this year. The property includes 10,000 SF of retail space and was sold by CA Ventures, which faced prior contractor lien disputes during the project's completion.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,781,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$385,122.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$513,871.30
Annual Debt Service$6,166,455.64