Seller's Agent in 2024
Michael Nerby
Coldwell Banker Realty
(916) 847-5409
12 in this area
58 Total Sales
3125 3rd Ave Sacramento, CA 95817
North Oak Park Neighborhood
11
Beds
7
Baths
3,900
Sq Ft
6,098
Sq Ft Lot
Highlights
- No HOA
- Cottage
- Central Heating and Cooling System
- David Lubin Elementary Rated 9+
- Tile Flooring
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
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 |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $14,237 | $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
Grounded R.E.
(916) 541-4051
2 in this area
114 Total Sales
Map
Source: MetroList
MLS Number: 224080798
APN: 010-0365-016
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