John Hibbert
Keller Williams Realty
(916) 957-0780
38 Total Sales
1 in North Oak Park
$547,000 Price
3130 3rd Ave Sacramento, CA 95817
North Oak Park Neighborhood
3
Beds
2
Baths
4,742
Sq Ft
0.28
Acre Lot
Highlights
- 0.28 Acre Lot
- No HOA
- Laundry Facilities
- David Lubin Elementary Rated 9+
- Security Gate
- Security Fence
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
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 12,197 Sq Ft 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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 3, 2025
Closed on
May 22, 2025
Sold by
Third Avenue Llc
Bought by
Seller's Agent
David DeLoney
Marcus & Millichap Real Estate
Buyer's Agent
David DeLoney
Marcus & Millichap Real Estate
List Price
$2,400,000
Sold Price
$2,000,000
Premium/Discount to List
-$400,000
-16.67%
Views
18
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Outstanding Balance
$1,384,036
Interest Rate
6.83%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 10, 2014
Closed on
Oct 22, 2014
Sold by
Sacramento Crusader Rabbits Llc
Bought by
Third Avenue Llc
Seller's Agent
Jim Drazenovich
Brittain Commercial
Buyer's Agent
Jim Drazenovich
Brittain Commercial
List Price
$830,000
Sold Price
$813,000
Premium/Discount to List
-$17,000
-2.05%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.86%
Purchase Details
Closed on
May 1, 2012
Sold by
Douglas & Douglas Inc
Bought by
Sacramento Crusader Rabbits Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
4.05%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 11, 2010
Sold by
Wold L C Ellroy and Estate Of Grade J Wold
Bought by
Wold Lester C E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
4.26%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 28, 1994
Sold by
Dickison Bill R and Dickison Leone
Bought by
Wold Lester C E and Wold Grace J
Home Values in the Area
Average Home Value in this Area
Agents Specializing in North Oak Park, CA
-
John Hibbert
-
Janelle Foyil
Janelle Foyil
Gold Rush Realty Group
(209) 395-0348
69 Total Sales
1 in North Oak Park
$530,000 Price
-
Erika Hulstrom-Garces
Erika Hulstrom-Garces
Cornerstone Real Estate Group
(209) 399-3156
81 Total Sales
1 in North Oak Park
$575,000 Price
-
Patricia Holter
Patricia Holter
eXp Realty of California Inc
(916) 866-7207
183 Total Sales
1 in North Oak Park
$350,000 Price
-
Parm Atwal
Parm Atwal
KW Sac Metro
(279) 205-4366
441 Total Sales
1 in North Oak Park
$572,000 Price
-
Tony Nguyen
Tony Nguyen
Responds QuicklyLPT Realty, Inc
(279) 529-5890
141 Total Sales
3 in North Oak Park
$408K - $710K Price Range
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,000,000 | Fidelity National Title Compan | ||
| Third Avenue Llc | $820,000 | Placer Title Company | |
| Sacramento Crusader Rabbits Llc | $820,000 | North American Title Company | |
| Wold Lester C E | -- | First American Title Ins Co | |
| Douglas & Douglas Inc | $250,000 | First American Title Ins Co | |
| Wold Lester C E | -- | Stewart Title |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,400,000 | ||
| Previous Owner | Third Avenue Llc | $900,000 | |
| Previous Owner | Third Avenue Llc | $585,000 | |
| Previous Owner | Sacramento Crusader Rabbits Llc | $66,400 | |
| Previous Owner | Sacramento Crusader Rabbits Llc | $520,000 | |
| Previous Owner | Douglas & Douglas Inc | $37,400 | |
| Previous Owner | Douglas & Douglas Inc | $20,000 | |
| Previous Owner | Douglas & Douglas Inc | $40,000 | |
| Previous Owner | Douglas & Douglas Inc | $66,000 | |
| Previous Owner | Douglas & Douglas Inc | $50,000 | |
| Previous Owner | Douglas & Douglas Inc | $450,000 | |
| Previous Owner | Douglas & Douglas Inc | $10,000 | |
| Previous Owner | Douglas & Douglas Inc | $100,000 | |
| Previous Owner | Wold Lester C E | $175,000 |
Source: Public Records
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 | 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
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 |
|---|---|---|---|---|
| 2026 | $6,606 | $1,020,000 | $219,300 | $800,700 |
| 2025 | $6,606 | $488,544 | $105,759 | $382,785 |
| 2024 | $6,514 | $478,966 | $103,686 | $375,280 |
| 2023 | $6,358 | $469,575 | $101,653 | $367,922 |
| 2022 | $6,243 | $460,368 | $99,660 | $360,708 |
| 2021 | $5,961 | $451,342 | $97,706 | $353,636 |
| 2020 | $5,987 | $446,715 | $96,705 | $350,010 |
| 2019 | $5,866 | $437,957 | $94,809 | $343,148 |
| 2018 | $5,712 | $429,370 | $92,950 | $336,420 |
| 2017 | $5,626 | $420,952 | $91,128 | $329,824 |
| 2016 | $5,398 | $412,699 | $89,342 | $323,357 |
| 2015 | $5,311 | $406,500 | $88,000 | $318,500 |
| 2014 | $10,100 | $358,620 | $74,798 | $283,822 |
Source: Public Records
Agents Affiliated with this Home
-
David DeLoney
Seller's Agent in 2025
David DeLoney
Marcus & Millichap Real Estate
(916) 724-1294
2 in this area
28 Total Sales
-
Jim Drazenovich
JD
Seller's Agent in 2014
Jim Drazenovich
Brittain Commercial
(916) 649-2601
10 Total Sales
Map
Source: MetroList
MLS Number: 225012972
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