Seller's Agent in 2024
Michael Nerby
Coldwell Banker Realty
(916) 847-5409
12 in this area
60 Total Sales
3125 3rd Ave Sacramento, CA 95817
North Oak Park Neighborhood
11
Beds
7
Baths
3,900
Sq Ft
6,098
Sq Ft
Highlights
- No HOA
- Tile Flooring
- Central Heating and Cooling System
- Cottage
About This Home
As of September 2024Fantastic Investment opportunity in one of Sacramento's fastest growing neighborhoods, Oak Park. ~3,900sqft total in 3 total buildings spread across a 6,098sqft lot. FRONT unit: 4bed, 2bath, ~1,500sqft, detached, laundry in unit, access from 3rd ave, 1 off street parking space. MIDDLE 2 UNITS: 1bed+DEN, 1bath, ~600sqft & 1bed+DEN, 1bath, ~600sqft, two story building, laundry in both units, and large storage closets. BACK UNIT: 3bed, 2.5bath, ~1,200sqft, detached, laundry in unit, access from Alley, 1 off street parking space. All units have undergone extensive renovations and retrofits which should leave the next owner with little future on going maintenance. 1 of 4 units rented, the front house at a total of $2,995 per month for one year; the current owner is prepared to deliver the property with 3 units vacant or can help lease up the entire property. This is an excellent opportunity for an investor looking for a stable asset in Sacramento with a ton of potential upside. This could also make a good investment for someone that wants to live in one unit and rent the other three. The property, with estimated market rents and expenses, could achieve a 8.59CAP, 9.6GRM and is being sold at approximately $294 per sqft.
Last Agent to Sell the Property
Coldwell Banker Realty License #01975620 Listed on: 08/01/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1918
Lot Details
- 6,098 Sq Ft Lot
Home Design
- Quadruplex
- Cottage
- Bungalow
- Raised Foundation
- Slab Foundation
- Frame Construction
Interior Spaces
- 3,900 Sq Ft Home
- 2-Story Property
- Laundry in unit
Flooring
- Tile
- Vinyl
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Off-Street Parking
Utilities
- Central Heating and Cooling System
- Ductless Heating Or Cooling System
- 220 Volts
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number 010-0365-016-0000
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 4 Units
Building Details
- 1 Leased Unit
- 3 Vacant Units
- Net Lease
- Net Operating Income $98,600
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/25/2024 09/25/24 | Sold | $1,200,000 | +4.3% | $308 / Sq Ft |
| 09/02/2024 09/02/24 | Pending | -- | -- | -- |
| 08/27/2024 08/27/24 | Price Changed | $1,150,000 | -8.0% | $295 / Sq Ft |
| 08/13/2024 08/13/24 | Price Changed | $1,250,000 | -3.8% | $321 / Sq Ft |
| 08/01/2024 08/01/24 | For Sale | $1,300,000 | -- | $333 / Sq Ft |
Source: MetroList
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 | $4,777 | $1,200,000 | $150,000 | $1,050,000 |
| 2024 | $4,777 | $377,400 | $153,000 | $224,400 |
| 2023 | $1,082 | $67,431 | $17,383 | $50,048 |
| 2022 | $1,062 | $66,110 | $17,043 | $49,067 |
| 2021 | $1,018 | $64,814 | $16,709 | $48,105 |
| 2020 | $1,018 | $64,150 | $16,538 | $47,612 |
| 2019 | $998 | $62,893 | $16,214 | $46,679 |
| 2018 | $973 | $61,661 | $15,897 | $45,764 |
| 2017 | $958 | $60,453 | $15,586 | $44,867 |
| 2016 | $874 | $59,269 | $15,281 | $43,988 |
| 2015 | $859 | $58,380 | $15,052 | $43,328 |
| 2014 | $840 | $57,238 | $14,758 | $42,480 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Nerby
-
Antonio Cardenas
Buyer's Agent in 2024
Antonio Cardenas
Coldwell Banker Realty
(916) 541-4051
2 in this area
117 Total Sales
Map
Source: MetroList
MLS Number: 224080798
APN: 010-0365-016
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