Seller's Agent in 2025
David DeLoney
Marcus & Millichap Real Estate
(916) 724-1294
2 in this area
20 Total Sales
3130 3rd Ave Sacramento, CA 95817
North Oak Park Neighborhood
3
Beds
2
Baths
4,742
Sq Ft
0.28
Acres
Highlights
- 0.28 Acre Lot
- Security Gate
- Security Fence
- No HOA
- Laundry Facilities
- Vinyl Flooring
About This Home
As of May 20253130 - 3132 3rd Ave in the Oak Park neighborhood is a sixteen-unit apartment community that features both one- and two-bedroom floorplans. The property is very well located, only minutes to downtown / midtown Sacramento, the region's economic and entertainment epicenter. As a part of the triangle district area of North Oak Park, residents are within walking distance to the regions preeminent medical care, UC Davis Medical Center and UC Davis Aggie Square Innovation Hub. The neighborhood also lies at the intersection of CA Hwy 99, US Hwy 50, and Interstate Business 80, allowing residents immediate access to all major throughways in the region. The property features off street alley parking, gated entry, and onsite laundry facilities. The offering represents a unique opportunity to purchase a cash flowing asset day one, but the next investor will have a clear-cut strategy to massively increase value through renovations and aggressive management. Competitive sets suggest that the September 2024 rent roll is approximately 20% below the market and the erosion of the loss to lease would push the capitalization rate to exceed 8%.
Last Agent to Sell the Property
Marcus & Millichap Real Estate License #02045150 Listed on: 02/03/2025
Last Buyer's Agent
Marcus & Millichap Real Estate License #02045150 Listed on: 02/03/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 0.28 Acre Lot
- Security Fence
Home Design
- Raised Foundation
- Stucco
Interior Spaces
- 4,742 Sq Ft Home
- 2-Story Property
- Security Gate
Flooring
- Linoleum
- Vinyl
Parking
- 12 Parking Spaces
- On-Street Parking
- Off-Street Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Wall Furnace
- Private Sewer
Listing and Financial Details
- Assessor Parcel Number 010-0366-004-0000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 16 Units
Amenities
- Laundry Facilities
Building Details
- 16 Leased Units
- 15 Units Leased Month-To-Month
- Net Lease
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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 | Prior Sale |
|---|---|---|---|---|---|
| 05/30/2025 05/30/25 | Sold | $2,000,000 | -16.7% | $422 / Sq Ft | |
| 04/03/2025 04/03/25 | Pending | -- | -- | -- | |
| 02/03/2025 02/03/25 | For Sale | $2,400,000 | +195.2% | $506 / Sq Ft | |
| 10/27/2014 10/27/14 | Sold | $813,000 | -2.0% | $301 / Sq Ft | View Prior Sale |
| 09/26/2014 09/26/14 | Pending | -- | -- | -- | |
| 09/10/2014 09/10/14 | For Sale | $830,000 | -- | $307 / Sq Ft |
Source: MetroList
Tax History Compared to Growth
Agents Affiliated with this Home
-
David DeLoney
-
Jim Drazenovich
J
Seller's Agent in 2014
Jim Drazenovich
Brittain Commercial
(916) 649-2601
19 Total Sales
Map
Source: MetroList
MLS Number: 225012972
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