NOT LISTED FOR SALE

2334 Morell St Sacramento, CA 95833

South Natomas Neighborhood

Estimated Value: $743,000 - $827,000

4 Beds
2 Baths
1,500 Sq Ft
$523/Sq Ft Est. Value

Last Sold November 29, 2021

Last sale price $760,000 $507 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,062/month

4 Days on Market

About This Home

As of November 2021

Calling all investors! 2328-2334 Morell Street is one of the few legit 5 cap deals on the market. The subject property is a low rise 4plex situated 5 minutes from Downtown and Midtown. All units are 2 bedroom/1 bath with their own individual attached garages and backyard areas. Additionally, this property is zoned R-1 and with a lot size of 0.5 acres, the potential to add more units is there. Don't let this deal pass you by!

Last Agent to Sell the Property

Jake Stanfill

North Coast Commercial, Inc. License #01914043 Listed on: 10/15/2021

Last Buyer's Agent

Igor Musiyets

Realty ONE Group Complete License #02034527

Realty ONE Group Complete

Property Details

Home Type

  • Apartment

Year Built

  • 1961

Lot Details

  • 0.5

Parking

  • 4

Property Details

Home Type

Apartment

Year Built

1961

Lot Details

0

Parking

4

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Sub Type: Quadruplex
  • Number of Two Bedroom Units: 4
  • CapRate: 5.40
  • Directions: From I-5 - exit west El Camino, east on west El Camino, south on Morell st, property is on the east side of the street From Business 80/Cap City Freeway - exit El Camino ave, west on El Camino ave, south on Morell St
  • Professional Management Expense: 2400
  • Building Stories: 1
  • Special Features: None
  • Stories: 1
  • Year Built: 1961

Interior Features

  • Price Per Square Foot: 251.99
  • Flooring: Laminate, Vinyl
  • Number Of Buildings: 4
  • Stories: 1
  • Window Features: Dual Pane Partial

Exterior Features

  • Roof: Composition
  • Exterior Features: Yard Space
  • Foundation Details: Raised
  • Construction Type: Stucco
  • Lot Features: None

Garage/Parking

  • Parking Features: Off Street, Garage, Garage Door Opener
  • Garage Spaces: 4
  • Open Parking Spaces: 4
  • Total Parking Spaces: 4

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Utilities Expenses: 4282
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Security: Varies By Unit
  • Sewer: Public Sewer
  • Utilities: Cable Connected, City
  • Water Source: Water District, Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Twin Rivers Unified

Lot Info

  • Lot Size Sq Ft: 21780
  • Zoning Description: R-1

Rental Info

  • Total # Leasable: 4
  • Lease Term: Lease/Month to Month Mix

Tax Info

  • Bonds/Assessments/Taxes: Unknown

Multi Family

  • Two Bedroom Annual Occupancy: 100
  • Two Bedrooms Occupied: 4
  • Gross Income Multiplier: 12.000
  • Two Bedroom Rent Range: 1216-1450
  • Existing Lease Type: CPI Adjustment
  • Annual Gross Income: 64044
  • Income Includes: Rent Only
  • Insurance Expense: 1414
  • Maintenance Expense: 2000
  • Number Of Units Leased: 4
  • Number of Month to Month Units: 1
  • Number Of Units Total: 4

MLS Schools

  • School District (County): Sacramento

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2021 11/29/21 Sold $760,000 +1.5% $507 / Sq Ft
10/19/2021 10/19/21 Pending -- -- --
10/15/2021 10/15/21 For Sale $749,000 -- $499 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jake Stanfill

    North Coast Commercial, Inc.

    Section Image
  • Igor Musiyets

    Buyer's Agent in 2021

    Igor Musiyets

    Realty ONE Group Complete

    (916) 718-4962

    1 in this area

    139 Total Sales

    Igor Musiyets
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 221131463

MetroList
California Sacramento County Sacramento 95833 South Natomas

2334 Morell St, Sacramento, CA

This home is located at 2334 Morell St, Sacramento, CA 95833 since 15 October 2021 and is currently estimated at $785,000, approximately $523 per square foot. This property was built in 1961. 2334 Morell St is a home located in Sacramento County with nearby schools including Woodlake Elementary School, Rio Tierra Junior High School, and Grant Union High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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