Thank you
Steve Hovakimyan
City Center Realty Group
818-845-5551
Looking for a smart investment opportunity in Sacramento, CA? Look no further than this residential and commercial property for sale! With nearly 1 acre of prime land (0.98 AC) and 10 multifamily apartments plus 2 commercial units, this property offers a perfect balance of rental income and new project development potential for developers and investors alike. The apartment buildings are split into two structures. Building 1 includes units 1-6, which are 780 square feet with 2 bedrooms and 1 bathroom each. Building 2 includes units 7-10, which are 580 square feet with 1 bedroom and 1 bathroom each. In addition to the multifamily apartments, the property features a 3,300-square-foot commercial space in Building 3 with 2 tenants. This property offers an excellent location in Sacramento and a spacious lot for future development. And with the ability to earn rental income while navigating permits for new projects, the opportunity is knocking! Don't wait - act now to take advantage of this investment opportunity.
Sell a home like this and save $161,441 Find Out How
Water Source : Public
Sewer : Unknown
Year Built: 1962
Building Area Total: 10,401
None
Laundry Room
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.981
Lot Size Source: Assessor
Lot Size Square Feet: 42734
Original List Price: 2,699,000
Listing Contract Date: 2023-11-27
Listing Agreement: Exclusive Right To Sell
Parcel Number: 04900210060000
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: SCTO - Sacramento
Postal Code Plus 4: 4554
Directions: From 5N Take exit Florin E - Corner of Florin and 29th st
Zoning: C-2
Source Property Type: Residential Income
Area: SCTO - Sacramento
Property SubType: Mixed Use
Property Age: 62
Common Walls: 2+ Common Walls
Structure Type: Mixed Use
Year Built Source: Assessor
Entry Level: 1
Entry Location: Ground Level w/ Steps
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Esma Jane Lane, Sacramento, CA,95822 | $564,900 | 3 | 3 | 1,540 | -- |
29th Street, Sacramento, CA,95822 | $438,000 | 4 | 2 | 1,532 | -- |
Bowen Circle, Sacramento, CA,95822 | $449,999 | 4 | 2 | 1,556 | -- |
Harold Way, Sacramento, CA,95822 | $539,900 | 4 | 2 | 1,797 | -- |
27th Street, Sacramento, CA,95822 | $444,450 | 3 | 2 | 1,683 | -- |
24th Street, Sacramento, CA,95822 | $410,000 | 3 | 1 | 1,162 | -- |
Loma Verde Way, Sacramento, CA,95822 | $490,000 | 3 | 2 | 1,770 | -- |
21st St, Sacramento, CA,95822 | $459,000 | 3 | 2 | 1,350 | -- |
Florin Road, Sacramento, CA,95822 | $375,000 | 3 | 2 | 1,294 | -- |
Esma Jane Lane, Sacramento, CA,95822 | $659,900 | 3 | 3 | 1,586 | -- |
Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
ByOwner last updated this listing 04/30/2024 @ 21:36
MLS: BB23216908
LISTED BY: Steve Hovakimyan, City Center Realty Group
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.