NOT LISTED FOR SALE

6004 Martin Luther King jr Blvd Sacramento, CA 95824

Lemon Hill Neighborhood
-- Bed
4 Baths
1,432 Sq Ft
0.37 Acres

Last Sold April 23, 2018

Last sale price $710,000 $496 Per Sq Ft

179 Days on Market

About This Home

As of April 2018

Updated 12 unit complex, 2 units with 1bed/1bath & 10 studio units w/ 1bath fully occupied in the Sacramento Elder Creek/Fruitridge neighborhood. Selling at a cap rate of at least 8.3%. Great investment property without the hassle or worries! New paint & paved parking lot, dual pane windows, newer laminate flooring. Coin-op laundry on site. Close to schools, parks, shopping, freeway, and public transportation. This is an outstanding cash flow opportunity well positioned for rent growth!

Last Agent to Sell the Property

Everard Visitacion

Azealty License #01474995 Listed on: 10/05/2017

Last Buyer's Agent

MAGZY OSUAGWU

BAYMAX INVEST. & REALTY License #01263757

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,961

Year Built

  • Built in 1950

Lot Details

  • 0.37

Parking

  • 12 Open Parking Spaces

Home Design

  • Composition Roof

Additional Features

  • 2-Story Property
  • 0.37 Acre Lot
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Security Deposit $7,000
  • Tenant pays for electricity gas
  • Assessor Parcel Number 037-0011-011-0000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 12 Units

Building Details

  • 12 Leased Units
  • Insurance Expense $1,664
  • Operating Expense $600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,961

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1950
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2013

Interior Features

  • Appliances: Free Standing Gas Range,Microwave,Varies By Unit
  • Flooring: Laminate,Tile,Varies by Unit,Linoleum/Vinyl
  • Window Features: Dual Pane Full,Window Coverings

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 745000.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 12
  • Parking Features: Open,1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Wall Unit(s)
  • Heating: MultiUnits,Wall Furnace
  • Laundry Features: Washer/Dryer Leased
  • Utilities Expenses: 11566

Condo/Co-op/Association

  • Association Features: Patios/Balcony,Public Trans Nearby,Yard Space
  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: RD-20
  • Lot Size Acres: 0.3667
  • Lot Size Sq Ft: 15975

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total Deposit: 7000

Multi Family

  • Gross Income: 79310
  • Operating Expense: 600
  • Income Includes: Coin Operated Equipment,Laundry
  • Insurance Expense: 1664
  • Number of Leased Units: 12
  • Number of Units: 12
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 037-0011-011-0000
  • Current RE Taxes: 3961

MLS Schools

  • School District (County): Sacramento

Range of Values:

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Sold Price
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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
04/23/2018 04/23/18 Sold $710,000 -4.7% $496 / Sq Ft
04/01/2018 04/01/18 Pending -- -- --
10/04/2017 10/04/17 For Sale $745,000 -- $520 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Everard Visitacion

    Azealty

    Section Image

  • M

    Buyer's Agent in 2018

    Magzy Osuagwu

    Baymax Invest. & Realty

    Section Image
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Map

Source: MetroList

MLS Number: 17064510

MetroList

California Sacramento County Sacramento 95824 Lemon Hill

6004 Martin Luther King jr Blvd, Sacramento, CA

This home is located at 6004 Martin Luther King jr Blvd, Sacramento, CA 95824 since 05 October 2017. This property was built in 1950. 6004 Martin Luther King jr Blvd is a home located in Sacramento County with nearby schools including Pacific Elementary School, Fern Bacon Middle School, and C. K. McClatchy High.

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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