$1,200,000
$1,150,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
3,900 SqFt
SOLD DATE : 09/26/2024
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,900 sqft
Price per Sqft $307
MLS Listing ID 224080798
Sold Date 09/26/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1918
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Fantastic Investment opportunity in one of Sacramento's fastest growing neighborhoods, Oak Park. ~3,900sqft total in 3 total buildings spread across a 6,098sqft lot. FRONT unit: 4bed, 2bath, ~1,500sqft, detached, laundry in unit, access from 3rd ave, 1 off street parking space. MIDDLE 2 UNITS: 1bed+DEN, 1bath, ~600sqft & 1bed+DEN, 1bath, ~600sqft, two story building, laundry in both units, and large storage closets. BACK UNIT: 3bed, 2.5bath, ~1,200sqft, detached, laundry in unit, access from Alley, 1 off street parking space. All units have undergone extensive renovations and retrofits which should leave the next owner with little future on going maintenance. 1 of 4 units rented, the front house at a total of $2,995 per month for one year; the current owner is prepared to deliver the property with 3 units vacant or can help lease up the entire property. This is an excellent opportunity for an investor looking for a stable asset in Sacramento with a ton of potential upside. This could also make a good investment for someone that wants to live in one unit and rent the other three. The property, with estimated market rents and expenses, could achieve a 8.59CAP, 9.6GRM and is being sold at approximately $294 per sqft.
Location
State CA
County Sacramento
Area 10817
Direction Alhambra South, Left on 3rd ave, Home is on the left
Interior
Heating Central
Cooling Central, Ductless
Flooring Tile, Vinyl
Laundry In Each Unit
Exterior
Parking Features Off Street, Uncovered, Varies by Unit
Utilities Available Natural Gas Connected, Electric
Water Access Desc Public
Total Parking Spaces 2
Building
Lot Description Shape Regular
Story 2
Foundation Raised, Slab
Sewer In & Connected
Water Public
Architectural Style Bungalow, Cottage
Level or Stories Two
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 010-0365-016-0000
Special Listing Condition None
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