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James Ratto Of The Ratto Group Acquires Wind Chase Apartments In Sacramento For $20.5M

Property Image
SOLD
$20,500,000

California

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MultiFamily
Sold 11/04/2024
the dealdetailscomps
Property Image
SOLD

James Ratto Of The Ratto Group Acquires Wind Chase Apartments In Sacramento For $20.5M

9745 Old Placerville Road

See Similar Deals
MultiFamily
Sold 11/04/2024
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 9745 Old Placerville Road in Sacramento has been sold for $20.5 million. This acquisition by James Ratto of The Ratto Group covers a total of 94 units, with an average unit size of 1,026 square feet. The property includes one- and two-bedroom units with starting rents of $2,000 and amenities such as a swimming pool, fitness center, and tennis court.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $20,500,000
  • Units: 94
  • Price Per Unit (PPU): $218,085
  • Buyer: James Ratto - The Ratto Group
  • Seller: Pearl Investment Co.
  • Broker: Kidder Mathews

This transaction showcases the involvement of key individuals and companies, including James Ratto representing The Ratto Group as the buyer and Pearl Investment Co. as the seller, facilitated by the brokerage services of Kidder Mathews.

Details

SOLD
IMAGE: DATE: 11/04/2024 ADDRESS: 9745 Old Placerville Road MARKET: Sacramento ASSET TYPE: Multifamily BUYER: James Ratto - The Ratto Group SELLER: Pearl Investment Co. BROKER: Kidder Mathews (@Kidder.Mathews) SALE PRICE: $20,500,000 UNITS: 94 ~ PPU: $218,085 NOTE: The Ratto Group has acquired the 94-unit Wind Chase Apartments in Sacramento, California, for $20.5 million, equating to $218,085 per unit. The property, sold by Pearl Investment Co., features one- and two-bedroom units averaging 1,026 square feet with rents starting at $2,000, and amenities including a swimming pool, fitness center, and tennis court.

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