92 Units
LifeSteps

Ethan Terrace

1824 Ethan Way, Sacramento, CA 94533

Ethan Terrace Apartments offers one and two bedroom luxury affordable apartments in Sacramento, California. This newly redesigned Sacramento apartment community features LVP flooring, new granite countertops, elegant raised paneled cabinetry, brushed nickel fixtures, and energy efficient appliances.

Property Overview
  • Purchased for $6.7mm
  • Market rate to Affordable conversion
  • Added to City’s affordable stock
  • Financed with 4% Tax Credits, Tax Exempt Bonds, and HOME/Housing Trust Fund from Sacramento Housing Redevelopment Agency
  • 100% occupied with a waiting list
  • 30% energy reduction through MRK’s Green Initiatives
  • Amenity additions include: community room, leasing office, outdoor seating and resident service program
Affordable Requirements:
  • Placed in service in 2016
  • TCCP ends on December 31, 2031
  • LIHTC LURA – 20% at 50% AMI, 80% at 60% AMI”