Property Details
About this Property
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.
MLS Listing Information
MLS #
ME224114878
MLS Source
MetroList Services, Inc.
Days on Site
26
Interior Features
Flooring
Vinyl
Cooling
Window/Wall Unit
Heating
Individual Room Controls
Exterior Features
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Garage: 0 Car(s)
HOA Fee
$0
Complex Amenities
Community Security Gate
Zoning
R-2B
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 13 | – |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 550 | 1 | 1/0 | – | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
3130 3rd Ave is a Residential Income in Sacramento, CA 95817. This 9,400 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,375,000 and was built in –. This address can also be written as 3130 3rd Ave, Sacramento, CA 95817.
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This listing information is up-to-date as of October 11, 2024. For the most current information, please contact David DeLoney, (916) 832-8571
