NOT LISTED FOR SALE

721 Lampasas Ave Sacramento, CA 95815

Old North Sacramento Neighborhood
8 Beds
4 Baths
3,568 Sq Ft
0.52 Acres

Last Sold July 15, 2022

Last sale price $1,660,000 $465 Per Sq Ft

22 Days on Market

About This Home

As of July 2022

Fully rented two 4-plexes with over 145K in annual rental income. 5.43% cap rate. Each unit is 2 bed/1 bath. Huge half-acre lot with the possibility to add more units with access from Traction Ave. 7 out of 8 units are completely remodeled with new luxury vinyl plank flooring, new doors, new appliances, new paint, remodeled bathroom. All new exterior paint. The roof has been replaced in 2012. All units have dual pane windows. The property is completely gated. 16 parking spaces. Close to downtown, parks, schools, and shopping.

Last Agent to Sell the Property

Amir Cackovic

eXp Realty of California Inc. License #01484623 Listed on: 02/06/2022

eXp Realty of California Inc.

Last Buyer's Agent

Alexey Blokhin

Real E-State License #01771121

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.52

Parking

  • 16 Parking Spaces

Home Design

  • Slab Foundation
  • Stucco

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • 2-Story Property
  • 0.52 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 263-0172-012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 7 Leased Units
  • 1 Unit Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built: 1963
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Varies by Unit
  • Price Per Square Foot: 232.62

Exterior Features

  • Construction Materials: Stucco, Wood
  • Foundation: Slab
  • Listing Price: 1680000.00
  • Lot Features: Other

Garage/Parking

  • Parking Features: See Remarks
  • Total Parking Spaces: 16.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected
  • Utilities: Natural Gas Connected, Electric
  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Twin Rivers Unified

Lot Info

  • Zoning Description: R-2B
  • Irrigation: Other
  • Lot Size Acres: 0.5165
  • Lot Size Sq Ft: 22500.00

Rental Info

  • Total # Leasable: 8

Multi Family

  • Gross Income: 145260
  • Income Includes: Rent Only
  • Number of Leased Units: 7
  • Number of Month to Month Units: 1
  • Number of Units: 8

Tax Info

  • Assessor Parcel Number: 263-0172-012
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Range of Values:

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Average Value
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List Price
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
07/15/2022 07/15/22 Sold $1,660,000 -1.2% $465 / Sq Ft
02/28/2022 02/28/22 Pending -- -- --
02/06/2022 02/06/22 For Sale $1,680,000 -- $471 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Amir Cackovic

    Seller's Agent in 2022

    Amir Cackovic

    eXp Realty of California Inc.

    (916) 601-5245

    2 in this area

    172 Total Sales

    Amir Cackovic
    Section Image
  • Alexey Blokhin

    Buyer's Agent in 2022

    Alexey Blokhin

    Real E-State

    (650) 204-0443

    1 in this area

    57 Total Sales

    Alexey Blokhin
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 222012882

MetroList

California Sacramento County Sacramento 95815 Old North Sacramento

721 Lampasas Ave, Sacramento, CA

This home is located at 721 Lampasas Ave, Sacramento, CA 95815 since 06 February 2022. This property was built in 1963. 721 Lampasas Ave is a home located in Sacramento County with nearby schools including Northwood Elementary School, Martin Luther King Jr. Technology Academy, and Grant Union 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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