691 El Camino Ave., Sacramento is an 8 unit in the heart of the rejuvenated North Sacramento market. This small gated apartment complex is comprised of all 1 bedroom with 1 bath units approximately 540 SF with an onsite laundry facility. The units are separately metered for electrical and gas. The units also feature dual pane windows, wall heating & air, updated appliances (varies), along with one (1) central water heater. Four (4) of the unit interiors were upgraded with paint, appliances, and flooring. The exterior was also improved with a modernized paint pallet with light fixtures. Many of the leases are well below market with an average rental rate of $1,043. A recently rented unit leased for $1,214 signifying that there's a loss-to-lease rent of approximately $16,416 if all the units were paying the new rental rate. Furthermore, there are two vacant units that can be leased at market rate. Plus, the ownership recently implemented RUBS on the new leases to help offset utility costs.
MLS #
ME224028767
MLS Source
MetroList Services, Inc.
Days on Site
37
Buyer's Brokerage Compensation*
2.5
Flooring
Laminate, Tile, Vinyl
Cooling
Window/Wall Unit
Heating
Central Forced Air - Gas, Gas, Hot Water, Steam/Hot Water
Roof
Composition, Rolled/Hot Mop
Foundation
Raised
Garage/Parking
Off-Street Parking, Street, Garage: 0 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Complex Amenities
Community Security Gate
Zoning
RB-2
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | 6 | – |
Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
---|---|---|---|---|---|---|
1 | 540 | 1 | 1/0 | $1,043 | – | – |
691 El Camino Ave is a Residential Income in Sacramento, CA 95815. This 4,392 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,225,000 and was built in –.
This address can also be written as 691 El Camino Ave, Sacramento, CA 95815.©2024 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
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This listing information is up-to-date as of April 21, 2024. For the most current information, please contact Adrian del Rio, (916) 303-0133