Active
3130 3rd Avenue
Sacramento CA, 95817
$2,375,000
$4,318.18 per sqft
Active
1 Bed
1 Bath
550 sqft
Multi-family
Built in 1960
3130 - 3132 3rd Ave in Sacramento, California. The sixteen-unit apartment community spans two parcels and features both one- and two-bedroom floorplans for residents. The property is very well located, only minutes to downtown / midtown Sacramento, the region's economic and entertainment epicenter. As a part of the triangle district area of North Oak Park, residents are within walking distance to the regions preeminent medical care, UC Davis Medical Center and UC Davis Aggie Square Innovation Hub. The neighborhood also lies at the intersection of CA Hwy 99, US Hwy 50, and Interstate Business 80, allowing residents immediate access to all major throughways in the region. The property features off street alley parking, gated entry, and onsite laundry facilities. The offering represents a unique opportunity to purchase a cash flowing asset day one, but the next investor will have a clear-cut strategy to massively increase value through renovations and aggressive management. Competitive sets suggest that the September 2024 rent roll is approximately 20% below the market and the erosion of the loss to lease would push the capitalization rate to exceed 8%. All tours must be scheduled through listings agents. Please do not disturb residents or management.
224114878
MLSⓇ ID
October 11, 2024
Listed
October 21, 2024
Updated
Map
3130 3rd Avenue
Sacramento CA, 95817
Interior Features
Total Stories
2
Bedrooms
1
Total Bathrooms
1
Full Bathrooms
1
Interior Features
Vinyl
Laundry Description
Common Area
Floor Description
Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s)
Heating
No
Exterior/Building Features
Lot Size
0.14 Acres
School Information
School District
Sacramento Unified
Other Property Details
Garage
No
Parking
Off Street
Parking Total
16
View
No
County
Sacramento
Pool
No
Zoning
R-2B
Courtesy of Marcus & Millichap Real Estate, David DeLoney,
Listing Contact:
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