$3,650,000
$150K PRICE DROP

3326 Lerwick Rd Sacramento, CA 95821

Howe Edison Neighborhood

Estimated payment $23,097/month

Total Views 8,005
8 Beds
4 Baths
21,744 Sq Ft
$168 Price per Sq Ft

Highlights

  • 1.06 Acre Lot
  • No HOA
  • Landscaped
  • Winston Churchill Middle School Rated A-
  • Guest Parking
  • Floor Furnace

About This Home

3322 - 3342 Lerwick Road is an Exceptional Investment! With 24 spacious 2-bedroom, 1-bath units across six buildings, each unit features an oversized living room, large bedrooms, ample natural light, and one assigned parking space. The property includes, additional guest parking, three INCOME PRODUCING onsite laundry rooms, beautiful landscaped green belts, and a serene garden that fosters a sense of community. SOLID CASH FLOW, FULLY OCCUPIED with a reliable long-term tenant base, ensuring consistent rental income. With a majority of the leases month to month, this will provide the potential to adjust rents while maximizing your investment returns. Professionally managed with an onsite maintenance manager to ensure the property is well-maintained and tenants' needs are met. Located near freeways and public transportation making it appealing to a broad range of renters, a strong rental history, and flexibility to increase rents, makes this a great addition to any investment portfolio!

Listing Agent

Robert Machado

Home River Group License #00691121 Listed on: 05/03/2025

Co-Listing Agent

Julie Veliz

Next Door Real Estate Group, Inc License #01486249

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 1.06 Acre Lot
  • Landscaped
  • Irregular Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 21,744 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Flooring

  • Carpet
  • Linoleum
  • Laminate

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Guest Parking
  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Floor Furnace
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 254-0132-014-0000

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 24 Units

Amenities

  • Laundry Facilities

Building Details

  • 24 Leased Units
  • 17 Units Leased Month-To-Month
  • Net Lease
  • Maintenance Expense $2,995
  • Professional Management Expense $3,057

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Year Built: 1964
  • Stories: 2
  • Number of Two Bedroom Units: 24
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate, Linoleum, Varies by Unit
  • Price Per Square Foot: 167.86
  • Square Footage: 21744.00

Exterior Features

  • Construction Materials: Concrete, Stucco, Frame, Wood
  • Foundation: Concrete
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 3650000.00
  • Lot Features: Shape Irregular, Curb(s), Sidewalk, Landscape Back, Landscape Front
  • New Construction: No
  • Pool: No
  • Spa: No

Garage/Parking

  • Parking Features: Off Street, Uncovered, Guest Parking Available
  • Total Parking Spaces: 4.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: In & Connected
  • Utilities: City
  • Cooling: Wall Unit(s), Window Unit(s), Varies by Unit
  • Heating: Floor Furnace, Wall Furnace, Other
  • Laundry Features: Washer/Dryer Leased, In Common Area
  • Water Source: Irrigation District, Public
  • Utilities Expenses: 13944

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: San Juan Unified

Lot Info

  • Zoning: RD-20
  • Irrigation: Public District
  • Lot Size Acres: 1.0600
  • Lot Size Sq Ft: 46174.00

Rental Info

  • Lease Type: Net

Multi Family

  • Income Includes: ["Laundry","Manager's Unit"]
  • Total Number Leasable: 24
  • Maintenance Expense: 2995
  • Number of Leased Units: 24
  • Number of Month to Month Units: 17
  • Number of Units: 24

Tax Info

  • Assessor Parcel Number: 254-0132-014-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Map

Range of Values:

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Average Value
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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
06/13/2025 06/13/25 Price Changed $3,650,000 +1.4% $168 / Sq Ft
06/13/2025 06/13/25 Price Changed $3,600,500 -5.3% $166 / Sq Ft
05/03/2025 05/03/25 Price Changed $3,800,000 -90.0% $175 / Sq Ft
05/03/2025 05/03/25 For Sale $38,000,000 -- $1,748 / Sq Ft
Source: MetroList

Source: MetroList

MLS Number: 225057095

MetroList
California Sacramento County Sacramento 95821 Howe Edison

3326 Lerwick Rd, Sacramento, CA

This home is located at 3326 Lerwick Rd, Sacramento, CA 95821 and is currently priced at $3,650,000, approximately $167 per square foot. This property was built in 1964. 3326 Lerwick Rd is a home located in Sacramento County with nearby schools including Whitney Avenue Elementary School, Winston Churchill Middle School, and Mira Loma High School.

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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Robert Machado
Listing Agent
Robert Machado
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Home River Group
(916) 531-5896