NOT LISTED FOR SALE

2978 26th Ave Sacramento, CA 95820

North City Farms Neighborhood
2 Beds
1 Bath
660 Sq Ft
1.66 Acres

Last Sold June 30, 2022

Last sale price $2,300,000 $3,485 Per Sq Ft

17 Days on Market

Highlights

  • Gated Community
  • No HOA
  • Tile Flooring
  • 1.66 Acre Lot
  • Tankless Water Heater
  • 3 Car Garage

About This Home

As of June 2022

Unique and lucrative investment opportunity. Consisting of ten separate single family homes, each unit has 2 bedrooms and 1 bathroom and approximately 660 SF each. Each unit is separately metered and has their own laundry area. Three individual garage spaces (of the detached garage) are assigned to three of the units. Onsite parking is available to the remaining units (Asphalt newly sealed in 2021). The gated entry has a keypad and a vehicle sensor for exiting the premises. 9 of the 10 units were extensively remodeled in 2020-2021. All work completed by the Seller was permitted by the City of Sacramento. 5 of the units had their roofs replaced in 2020. The property is managed by Peak Residential, one of Sacramento's premier property management companies. There is also additional land at the back of the parcel (0.5 acres) for future development of more garages and/or units. Perfectly situated close to schools, shopping, and freeways.

Last Agent to Sell the Property

Chris Firenze

Florence Real Estate License #01855264 Listed on: 03/22/2022

Co-Listed By

Scott Patel

Diamond Star Real Estate Group License #01922429

Last Buyer's Agent

Bethany McKeighen

eXp Realty of Northern California, Inc. License #01479182

eXp Realty of Northern California, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,256

Year Built

  • Built in 1918

Lot Details

  • 1.66 Acre Lot

Parking

  • 3 Car Garage
  • Uncovered Parking

Home Design

  • Raised Foundation
  • Frame Construction
  • Stucco

Interior Spaces

  • 1-Story Property
  • Laundry in unit

Kitchen

  • Free-Standing Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Natural Gas Connected
  • Tankless Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 019-0191-044-0000

Community Details

Overview

  • No Home Owners Association
  • 11 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • 5 Units Leased Month-To-Month
  • Insurance Expense $5,430
  • Maintenance Expense $10,000
  • Other Expense $3,000
  • Professional Management Expense $9,201
  • Operating Expense $61,248
  • Net Operating Income $122,771

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,256

Year Built

Built in 1918

Lot Details

0

Parking

3

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: House(s)
  • Property Subtype 1: 5 or More Units
  • Stories: 1
  • Year Built: 1918
  • Stories: 1
  • Number of Two Bedroom Units: 10
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Range, Microwave, Dishwasher, Disposal, Tankless Water Heater, Varies By Unit
  • Flooring: Tile, Laminate
  • Price Per Square Foot: 348.70

Exterior Features

  • Construction Materials: Stucco, Frame, Wood
  • Foundation: Raised
  • Listing Price: 2300000.00
  • Lot Features: Shape Regular

Garage/Parking

  • Garage Spaces: 3.00
  • Parking Features: Garage, Uncovered, Varies by Unit
  • Total Parking Spaces: 15.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector, Unguarded Gate
  • Sewer: In & Connected
  • Utilities: Natural Gas Connected, Electric
  • Cooling: Wall Unit(s), Ductless, Varies by Unit
  • Heating: Ductless, Wall Furnace, Varies by Unit
  • Laundry Features: In Each Unit
  • Water Source: Public
  • Utilities Expenses: 13860

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: R-10
  • Irrigation: None
  • Lot Size Acres: 1.6600
  • Lot Size Sq Ft: 72310.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas
  • Lease Term: Lease/Month to Month Mix
  • Total # Leasable: 10

Multi Family

  • Gross Income: 184020
  • Operating Expense: 61248
  • Income Includes: Rent Only,Other
  • Insurance Expense: 5430
  • Maintenance Expense: 10000
  • Number of Leased Units: 10
  • Number of Month to Month Units: 5
  • Number of Units: 10
  • Two Bedroom Annual Occupancy: 100
  • Two Bedrooms Occupied: 10
  • Two Bedroom Rent Range: $1250 to $1750

Tax Info

  • Assessor Parcel Number: 019-0191-044-0000
  • Current RE Taxes: 17256
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Range of Values:

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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
06/30/2022 06/30/22 Sold $2,300,000 0.0% $3,485 / Sq Ft
04/08/2022 04/08/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $2,300,000 -- $3,485 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris Firenze

    Seller's Agent in 2022

    Chris Firenze

    Florence Real Estate

    (916) 803-7202

    1 in this area

    95 Total Sales

    Chris Firenze
    Section Image

  • S

    Seller Co-Listing Agent in 2022

    Scott Patel

    Diamond Star Real Estate Group

    Section Image
  • Bethany McKeighen

    Buyer's Agent in 2022

    Bethany McKeighen

    eXp Realty of Northern California, Inc.

    (916) 271-4416

    1 in this area

    5 Total Sales

    Bethany McKeighen
    Section Image
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Map

Source: MetroList

MLS Number: 222034205

MetroList
California Sacramento County Sacramento 95820 North City Farms

2978 26th Ave, Sacramento, CA

This home is located at 2978 26th Ave, Sacramento, CA 95820 since 22 March 2022. This property was built in 1918. 2978 26th Ave is a home located in Sacramento County with nearby schools including Ethel Phillips Elementary School, California Middle, and C. K. McClatchy High.

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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