NOT LISTED FOR SALE

2602 Franklin Way West Sacramento, CA 95691

Michigan-Glide-Sutter Neighborhood
10 Beds
4 Baths
3,326 Sq Ft
2.4 Acres

Last Sold March 31, 2021

Last sale price $3,290,000 $989 Per Sq Ft

7 Days on Market

Highlights

  • 2.4 Acre Lot
  • No HOA
  • 1-Story Property
  • River City High Rated A-

About This Home

As of March 2021

Franklin Way Single-Family Residences consists of a total of 22 homes comprised of Thirteen (13), 3 Bedroom / 1 Bath homes approximately 936 SF each plus Nine (9), 2 Bedroom / 1 Bath homes approximately 727 SF each for total building size of 18,504 SF .Built in 1961 the homes are situated side-by-side on two parcels and are fully leased to tenants with guaranteed income from Section 8, SSI, and Pensions or employed in the 'essential' category.Each home has their own individual front and backyard, drive-way carport, and washer/dryer hook-ups.The value-add is in that the majority of the tenants have not received a rental increase in over 12 months of which many are well below market rent based on newest leases.There's also potential upside in rebuilding or expanding on two lots where two units burned down (2016) or utilizing them as picnic/play areas for the tenants.The homes command high market rent since tenants prefer to live in single-story housing versus stacked apartments.

Last Agent to Sell the Property

Adrian Del Rio

PCG Commercial, Inc License #01431059 Listed on: 12/17/2020

Last Buyer's Agent

Adrian Del Rio

PCG Commercial, Inc License #01431059 Listed on: 12/17/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 2.4

Parking

  • 1 Parking Space Included

Home Design

  • Composition Roof

Additional Features

  • 1-Story Property
  • 2.4 Acre Lot
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 008-421-013-000

Community Details

Overview

  • No Home Owners Association
  • 22 Buildings
  • 22 Units

Building Details

  • 22 Leased Units
  • 22 Units Leased Month-To-Month
  • Net Operating Income $225,971

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1959
  • Stories: 1
  • Number of Three Bedroom Units: 13
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Water Heater,Other
  • Flooring: Carpet,Laminate,Wood,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: Natural Hazard Disclosure Available,Rental/Lease Agmts
  • Listing Price: 3569000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Carport,1+ Space Per Unit

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s),Window Unit(s)
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units,Patios/Balcony,Public Trans Nearby,Yard Space
  • Association: No

Schools

  • Senior High School District: River Delta Unified

Lot Info

  • Zoning Description: M1
  • Lot Size Acres: 2.4000
  • Lot Size Sq Ft: 104544

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 22

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 22
  • Number of Month to Month Units: 22
  • Number of Units: 22
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 008-421-013-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Yolo

Range of Values:

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Average Value
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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 List to Sale Price per Sq Ft
03/31/2021 03/31/21 Sold $3,290,000 0.0% $989 / Sq Ft
03/07/2021 03/07/21 Off Market $3,290,000 -- --
12/24/2020 12/24/20 Pending -- -- --
12/18/2020 12/18/20 Price Changed $3,569,000 -99.0% $1,073 / Sq Ft
12/17/2020 12/17/20 For Sale $356,900,000 -- $107,306 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Adrian Del Rio

    Seller's Agent in 2021

    Adrian Del Rio

    PCG Commercial, Inc

    (615) 626-6426

    2 in this area

    19 Total Sales

    Adrian Del Rio
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Map

Source: MetroList

MLS Number: 20073735

MetroList
California Yolo County West Sacramento 95691 Michigan-Glide-Sutter

2602 Franklin Way, West Sacramento, CA

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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