NOT LISTED FOR SALE
6 Beds
4 Baths
2,550 Sq Ft
6,534 Sq Ft Lot

Last Sold December 30, 2021

Last sale price $2,100,000 $824 Per Sq Ft

118 Days on Market

About This Home

As of December 2021

Prime investment opportunity in beautiful Land Park. This 8-unit apartment complex is in a quiet residential neighborhood. The complex consists of two apartment buildings with four units in each building. There are four 2-bedroom units and four 1-bedroom units. This clean and well-maintained property is adjacent to a park and close to local restaurants, shops, and businesses. It is walking distance to William Land Park and Sacramento City College and an easy commute to downtown Sacramento and the Capital. Updated landscaping, fresh paint, and basement storage make this a simple turn-key property.

Last Agent to Sell the Property

Cindy Leathers

Coldwell Banker Realty License #02014889 Listed on: 06/02/2021

Coldwell Banker Realty

Last Buyer's Agent

David Macko

Nor Cal Commercial Real Estate License #01413910

Property Details

Home Type

  • Apartment

Year Built

  • 1945

Lot Details

  • 6,534

Property Details

Home Type

Apartment

Year Built

1945

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Sub Type: 5 or More Units
  • Architectural Style: Traditional
  • Directions: Located on the corner of 22nd Street and 10th Avenue in Sacramento, 95818.
  • Efficiency: Cooling, Thermostat, Heating
  • Subdivision Name: Wright and Kimbrough
  • Special Features: None
  • Year Built: 1945

Interior Features

  • Appliances: Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater
  • Has Basement: Storage Area
  • Price Per Square Foot: 401.38
  • Flooring: Carpet, Tile, Vinyl, Linoleum, Wood
  • Number Of Buildings: 2
  • Stories: 2
  • Window Features: Window Coverings, Window Screens

Exterior Features

  • Roof: Composition
  • Exterior Features: Yard Space
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled, Original
  • Construction Type: Stucco, Frame, Wood
  • Disclosures: Preliminary Title Report
  • Lot Features: Auto Sprinkler F&R, Central BBQ, Corner, Court, Shape Regular, Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front
  • Patio And Porch Features: Uncovered Patio

Garage/Parking

  • Parking Features: Permit Required, Street

Utilities

  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Wall Furnace, Individual
  • Separate Meters: Electricity,Gas
  • Electric: 220 Volts
  • Laundry Features: In Each Unit, Varies by Unit, Washer/Dryer Hookups
  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: Sewer Connected & Paid, In & Connected, Public Sewer
  • Utilities: Natural Gas Connected, City, Internet Available
  • Water Source: Water District, Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Sacramento Unified

Lot Info

  • Lot Size Sq Ft: 6534.00
  • Zoning Description: R-3

Rental Info

  • Total # Leasable: 8
  • Lease Term: Lease/Month to Month Mix
  • Tenant Pays: Cable TV, Electricity, Gas

Tax Info

  • County Transfer Tax Rate: 1.10
  • Bonds/Assessments/Taxes: Unknown
  • Tax Annual Amount: 13000

Multi Family

  • Two Bedroom Annual Occupancy: 100
  • One Bedrooms Occupied: 2
  • Two Bedrooms Occupied: 4
  • Annual Gross Income: 128000
  • Income Includes: Rent Only
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number Of Units Vacant: 2
  • Annual Operating Expense: 44000
  • Number Of Units Furnished: None

MLS Schools

  • School District (County): Sacramento
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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 List to Sale Price per Sq Ft
12/30/2021 12/30/21 Sold $2,100,000 0.0% $824 / Sq Ft
11/02/2021 11/02/21 Off Market $2,100,000 -- --
09/28/2021 09/28/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $2,350,000 -- $922 / 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 $26,253 $2,228,536 $339,586 $1,888,950
2024 $26,253 $2,184,840 $332,928 $1,851,912
2023 $25,632 $2,142,000 $326,400 $1,815,600
2022 $25,200 $2,100,000 $320,000 $1,780,000
2021 $12,995 $1,073,125 $220,933 $852,192
2020 $13,088 $1,062,122 $218,668 $843,454
2019 $12,814 $1,041,297 $214,381 $826,916
2018 $12,480 $1,020,880 $210,178 $810,702
2017 $12,304 $1,000,863 $206,057 $794,806
2016 $11,995 $981,239 $202,017 $779,222
2015 $11,815 $966,501 $198,983 $767,518
2014 $11,505 $947,570 $195,086 $752,484
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 221056990

MetroList
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