$1,600,000
$50K PRICE DROP

Estimated payment $9,834/month

Total Views 26,634
-- Bed
-- Bath
3,852 Sq Ft
$415 Price per Sq Ft

Highlights

  • 0.15 Acre Lot
  • Property is near a park
  • No HOA
  • Miwok Middle School Rated A-
  • Victorian Architecture
  • 1-minute walk to James Marshall Park

About This Home

Exceptional Midtown Sacramento Investment Opportunity. Annual Income $114,400; Cap Rate 4.2%, GRM 7.2. A 5-unit complex in a highly sought-after area - Midtown Sacramento. This landmark property is in central location, away from freeway noise and overpass traffic. Along with leased five 1 bed/1 bath units the property has a converted 3-car garage storage/studio spaces, potential opportunity for extra income. Exterior recently painted and units updated dual pane windows, tankless water heaters, new fixtures and paint. Beautiful fountain in front and serene pond in back. Very maintained property, prior owner was on site landlord. A must see.

Listing Agent

Denise M Cook

Century 21 Masters License #01951440 Listed on: 10/10/2024

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Garden
  • Front Yard

Home Design

  • Victorian Architecture
  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 3,852 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Laundry Room

Kitchen

  • Gas Oven or Range
  • Dishwasher
  • Disposal

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Central Air
  • No Heating
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 00700410200000
  • $1 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 5 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $3,500
  • Electric Expense $3,500
  • Fuel Expense $3,000
  • Insurance Expense $6,600
  • Professional Management Expense $6,000
  • Trash Expense $3,000
  • Water Sewer Expense $3,000
  • New Taxes Expense $16,600
  • Operating Expense $36,800
  • Gross Income $114,400
  • Net Operating Income $77,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.20
  • Professional Management Expense: 6000.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3000.00
  • Zoning: R-3A-SPD
  • Architectural Style: Victorian
  • Property Type: Residential Income
  • Parcel Number: 00700410200000
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 415.37
  • Window Features: Double Pane Windows

Exterior Features

  • Other Structures: Storage
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooking, Refrigerator, Tankless Water Heater
  • Laundry Features: Common Area, Inside
  • Trash Expense: 3000.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Park

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Garden, Landscaped, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Cable TV Expense: 3500.00
  • Electric Expense: 3500.00
  • Fuel Expense: 3000.00
  • Gross Income: 114400.00
  • Gross Scheduled Income: 11440.00
  • Insurance Expense: 6600.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 77600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Dishwasher: 5
  • Number With Disposal: 5
  • Number With Patio: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 36800.00
  • Rent Control: No
  • Total Actual Rent: 114400.00
  • Total Expenses: 36800.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16600.00
  • TaxOtherAnnualAssessmentAmount: 1.10

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,011 $1,437,936 $376,728 $1,061,208
2024 $17,011 $1,409,742 $369,342 $1,040,400
2023 $16,611 $1,382,100 $362,100 $1,020,000
2022 $2,865 $297,636 $60,319 $237,317
2021 $2,746 $291,801 $59,137 $232,664
2020 $2,750 $288,810 $58,531 $230,279
2019 $2,697 $283,148 $57,384 $225,764
2018 $2,629 $277,597 $56,259 $221,338
2017 $2,592 $272,155 $55,156 $216,999
2016 $2,465 $266,820 $54,075 $212,745
2015 $2,427 $262,813 $53,263 $209,550
2014 $2,375 $257,666 $52,220 $205,446
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2025 12/10/25 Pending -- -- --
01/16/2025 01/16/25 Price Changed $1,600,000 -3.0% $415 / Sq Ft
10/18/2024 10/18/24 Price Changed $1,650,000 +3.1% $428 / Sq Ft
10/17/2024 10/17/24 For Sale $1,600,000 -- $415 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2408879

California Regional Multiple Listing Service (CRMLS)

APN: 007-0041-020