CA > Sacramento
Sacramento, CA 95817,3130 3rd AVE
Sacramento, CA 95817,3130 3rd AVE
Sacramento, CA 95817,3130 3rd AVE
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$2,375,000
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9,400 SqFt
Active

3130 3rd AVE Sacramento, CA 95817

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Sierra Player

Sierra Player

+1(530) 604-9319

UPDATED:

10/11/2024 11:08 PM

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,400 sqft

Price per Sqft $252

MLS Listing ID 224114878

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1960

Lot Size 6,098 Sqft

Acres 0.14

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.

Location

State CA

County Sacramento

Area 10817

Direction Exit I-80 Business on to Broadway headed East, South on Alhambra, Road name changes to 3rd Ave, Arrive at property.

Interior

Heating Individual

Cooling Wall Unit(s)

Flooring Vinyl

Laundry In Common Area

Exterior

Garage Off Street

Utilities Available Natural Gas Connected, Electric

Water Access Desc Water District

Total Parking Spaces 16

Building

Lot Description Curbs/Gutters

Story 2

Foundation Concrete

Sewer Sewer Connected

Water Water District

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 010-0366-004

Special Listing Condition Offer As Is

MetroList® Services, Inc (RESO)
Listed by Marcus & Millichap Real Estate

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Sierra Player

Agent | CA DRE#02054990

+1(530) 604-9319

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