NOT LISTED FOR SALE
4 Beds
2 Baths
1,500 Sq Ft
0.5 Acre Lot

Sale Details

Date Sold: November 29, 2021

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

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
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Property Details

Home Type

  • Apartment

Year Built

  • 1961

Lot Details

  • 0.5

Parking

  • 4

Property Details

Home Type

Apartment

Year Built

1961

Lot Details

0.5 Acres

Parking

4

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Sub Type: Quadruplex
  • 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
  • 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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

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Map

Source: MetroList

MLS Number: 221131463

MetroList
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