Skip To Content

3130 3rd Avenue

Sacramento, CA 95817
  • $2,375,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 224114878
UPDATED: 63 min ago
$2,375,000
  • 1
    BEDS
  • 0.14
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1960
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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.

Monthly Payment Calculator



Metrolist MLS logo © 2024 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2024-11-10T08:40:02.13. MetroList® MLS Terms of Use. IDX provided by BoomTown.
sacramento.liveplayrealestate.com/homes/156658863
Print Image

3130 3rd Avenue Sacramento, CA 95817

  • Price: $2,375,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 63 min ago
  • MLS #: 224114878
1
Beds
1
Baths
0
½ Baths
0.14
Acres
1960
Built
Neighborhood:
East Sacramento & Vicinity
County:
Sacramento
Area:
East Sacramento & Vicinity
Elementary School:
Sacramento Unified
Middle School:
Sacramento Unified
High School:
Sacramento Unified
School District:
Sacramento
Property Description
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.
Exterior Features

Carport Spaces 0 Construction Materials Stucco Covered Spaces 0 Foundation Concrete Independent Parking Spaces 0 Lot Features Curbs/Gutters Num Of Floors 2 Num Of Guest Spaces 0 Open Parking Spaces 0 Parking Features Off Street Tandem Parking Spaces 0 Total Parking Spaces 16

Interior Features

Cooling Wall Unit(s) Flooring Vinyl Heating Individual Laundry Features In Common Area Num Of Rooms 0 Num Of Studio Units 0 Num Of1 Bedroom Units 12 Num Of2 Bedroom Units 4 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 550 Unit1 Rent 0 Unit1 Rooms 3 Unit1 Type Apartment Unit2 Approx Sq Ft 0 Unit2 Partial Baths 0 Unit2 Rent 0 Unit2 Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Partial Baths 0 Unit3 Rent 0 Unit3 Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Partial Baths 0 Unit4 Rent 0 Unit4 Rooms 0

Property Features

1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association False Association Fee 0 Elevation 0 Income Includes Rent Only Irrigation Public District Lease Deposit 0 Num Of Commercial Units 0 Property Subtype 5 or More Units Property Type ResidentialIncome Sewer Sewer Connected Special Listing Conditions Offer As Is Studio Annual Occupancy 0 Subtype Description Apartments Utilities Natural Gas ConnectedElectric Water Source Water District Zoning R-2B

Metrolist MLS logo Listing provided courtesy of Marcus & Millichap Real Estate: . Listing information © 2024 MetroList Services, Inc.


Metrolist MLS logo © 2024 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2024-11-10T08:40:02.13. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
https://bt-photos.global.ssl.fastly.net/sacramento/1280_boomver_1_560743167-2.jpg https://bt-photos.global.ssl.fastly.net/sacramento/1280_boomver_1_560743167-2.jpg https://bt-photos.global.ssl.fastly.net/sacramento/1280_boomver_1_560743167-2.jpg
Logo
Live Play Real Estate | Keller Williams Roseville
548 Gibson Drive Suite 200
Roseville CA, 95678