NOT LISTED FOR SALE

724 Lampasas Ave Sacramento, CA 95815

Old North Sacramento Neighborhood
4 Beds
4 Baths
2,200 Sq Ft
10,019 Sq Ft Lot

Last Sold June 25, 2024

Last sale price $1,275,000 $580 Per Sq Ft

161 Days on Market

Highlights

  • No HOA
  • Fenced Yard
  • Tile Flooring

About This Home

As of June 2024

We are pleased to present the opportunity to acquire this 10-unit multi-family property, features a mix of 8 one-bedroom/one-bathroom units, & 2 two-bedroom/1-bathroom units, 7% Cap Rate, plenty of outside parking, laundry hookups, some unit have been renovated, Section 8 Vouchers in over half the units Allowing For Guaranteed Income. Offered at $140,000/Unit. Close to Restaurants, Retailers, Schools & Downtown Sacramento. A Must See!

Last Agent to Sell the Property

Frank Thornton

Arriaga Real Estate License #01250086 Listed on: 11/21/2023

Last Buyer's Agent

Matthew Sarro

Collier's International CA, Inc. License #01942991

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 10,019 Sq Ft Lot
  • Fenced Yard

Home Design

  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Tile

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 12 Parking Spaces
  • Uncovered Parking

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 263-0202-002-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • 4 Units Leased Month-To-Month
  • Net Lease

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
  • Levels: Two
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Laminate

Exterior Features

  • Construction Materials: Stucco, Wood
  • Exterior Features: Fenced Yard
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1299000.00
  • Lot Features: Shape Regular, Sidewalk
  • New Construction: No
  • Pool: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking Features: Detached, Uncovered
  • Total Parking Spaces: 12.00

Utilities

  • Security: Carbon Mon Detector, Fire Extinguisher, Smoke Detector
  • Sewer: Sewer Connected
  • Utilities: Natural Gas Connected
  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Washer/Dryer Hookups
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Twin Rivers Unified

Lot Info

  • Zoning Description: R2b
  • Irrigation: Public District
  • Lot Size Acres: 0.2300
  • Lot Size Sq Ft: 10019.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Rent Only"]
  • Total Number Leasable: 10
  • Total Number Section8: 7
  • Number of Leased Units: 10
  • Number of Month to Month Units: 4
  • Number of Units: 10

Tax Info

  • Assessor Parcel Number: 263-0202-002-0000
  • Bonds/Assessments/Taxes: Unknown

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
06/25/2024 06/25/24 Sold $1,275,000 0.0% $580 / Sq Ft
05/01/2024 05/01/24 Off Market $1,275,000 -- --
04/30/2024 04/30/24 Pending -- -- --
03/15/2024 03/15/24 Price Changed $1,299,000 0.0% $590 / Sq Ft
03/15/2024 03/15/24 For Sale $1,299,000 -3.7% $590 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
02/29/2024 02/29/24 Price Changed $1,349,000 0.0% $613 / Sq Ft
02/29/2024 02/29/24 For Sale $1,349,000 -3.6% $613 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
11/21/2023 11/21/23 For Sale $1,399,900 +47.4% $636 / Sq Ft
12/03/2019 12/03/19 Sold $950,000 0.0% $432 / Sq Ft
11/30/2019 11/30/19 Off Market $950,000 -- --
07/04/2019 07/04/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $1,100,000 +88.0% $500 / Sq Ft
02/23/2016 02/23/16 Sold $585,000 +0.9% $266 / Sq Ft
01/22/2016 01/22/16 Pending -- -- --
01/05/2016 01/05/16 For Sale $580,000 +56.8% $264 / Sq Ft
05/29/2012 05/29/12 Sold $370,000 -3.9% $493 / Sq Ft
03/22/2012 03/22/12 Pending -- -- --
12/31/2011 12/31/11 For Sale $385,000 -- $513 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Frank Thornton

    Seller's Agent in 2024

    Frank Thornton

    Arriaga Real Estate

    (916) 205-5204

    8 in this area

    34 Total Sales

    Frank Thornton
    Section Image
  • Matthew Sarro

    Buyer's Agent in 2024

    Matthew Sarro

    Collier's International CA, Inc.

    (916) 616-5267

    3 in this area

    64 Total Sales

    Matthew Sarro
    Section Image

  • C

    Seller's Agent in 2019

    Char Thornton

    Arriaga Real Estate

    Section Image

  • J

    Seller's Agent in 2012

    Jeff Davidson

    First Team Real Estate

    Section Image

  • L

    Buyer's Agent in 2012

    Linda Tice

    Linda Tice Real Estate

    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 223107420

MetroList

California Sacramento County Sacramento 95815 Old North Sacramento

724 Lampasas Ave, Sacramento, CA

This home is located at 724 Lampasas Ave, Sacramento, CA 95815 since 21 November 2023. This property was built in 1964. 724 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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