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3132 3rd Avenue

Sacramento, CA 95817
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SqFt4,742

Sqft(Lot)

Acres

Acres (Lot)

--

3130 - 3132 3rd Ave in the Oak Park neighborhood is a sixteen-unit apartment community that features both one- and two-bedroom floorplans. The property is very well located, only minutes to downtown / midtown Sacramento, the region's economic and entertainment epicenter. As a part of the triangle district area of North Oak Park, residents are within walking distance to the regions preeminent medical care, UC Davis Medical Center and UC Davis Aggie Square Innovation Hub. The neighborhood also lies at the intersection of CA Hwy 99, US Hwy 50, and Interstate Business 80, allowing residents immediate access to all major throughways in the region. The property features off street alley parking, gated entry, and onsite laundry facilities. The offering represents a unique opportunity to purchase a cash flowing asset day one, but the next investor will have a clear-cut strategy to massively increase value through renovations and aggressive management. Competitive sets suggest that the September 2024 rent roll is approximately 20% below the market and the erosion of the loss to lease would push the capitalization rate to exceed 8%.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,400,000

AD Id : 62454327

MLS Id : 225012972

Living Area Size : 4,742

County : Sacramento

  • Map Map

Map

Feature Features

  • Water/Sewer

    Sewer: Private Sewer
  • Flooring Information

    Vinyl, Linoleum
  • Interior Features

    Laundry Features: In Common Area
  • Heating & Cooling

    Heating: Wall Furnace Cooling: Wall Unit(s) WaterSource: Public

  • Building Information

    Year Built: 1960 Stories: 2 Construction Materials: Stucco, Wood Foundation Details: Raised
  • Exterior Features

    Foundation Details: Raised
  • Laundry Features

    In Common Area

  • Lot Information

    Lot Description: Sidewalk Lot Square Feet: 12,197 Stories: 2 Main Square Feet: 4,742

    Property Information

    Property Type: ResidentialIncome Sub Type: 5 or More Units SQ ft (Living Area): 4,742 Construction Materials: Stucco,Wood Property Age: 66 Cross Street: Alhambra Source Neighborhood: 10817 Area: Sacramento S: 95817 Zoning: Residential Structure Type: Apartments

    Farm Info

    Irrigation Source: Meter on Site

  • Listing Price Information

    Listing Id: 225012972 List Price: $2,400,000 List Price Tot SqFt: $506

  • Tax Information

    Parcel Number: 010-0366-004-0000

  • Parking Information

    Parking Total: 12 Off Street, Street

  • Elementary School District: Sacramento Unified
    Junior High School District: Sacramento Unified
    Senior High School District: Sacramento Unified
  • Utility Information

    City
  • Location Information

    Direction: From Alhambra Blvd, go south until you reach the intersection at Third ave. Turn left and property will be on your right.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
W Street, Sacramento, CA, 95817 $450,000 -- -- -- Acres (Lot)--
30th Street, Sacramento, CA, 95817 $1,495,000 -- -- 4,000 Acres (Lot)--
V Street, Sacramento, CA, 95817 $420,000 -- -- -- 6,534 Sqft(Lot)
Marshall Way, Sacramento, CA, 95817 $4,175,000 -- -- -- 17,859.60 Sqft(Lot)
Alhambra Boulevard, Sacramento, CA, 95817 $1,390,000 -- -- -- 6,098.40 Sqft(Lot)
W Street, Sacramento, CA, 95817 $450,000 -- -- -- 3,206.02 Sqft(Lot)
12th Avenue, Sacramento, CA, 95817 $2,400,000 -- -- -- 7,300.66 Sqft(Lot)
Marshall Way, Sacramento, CA, 95817 $4,275,000 -- -- -- 17,859.60 Sqft(Lot)
44th Street, Sacramento, CA, 95817 $93,900 -- -- -- 3,049.20 Sqft(Lot)
3rd Avenue, Sacramento, CA, 95817 $2,375,000 -- -- 9,400 6,098.40 Sqft(Lot)

ByOwner last updated this listing 06/14/2026 @ 19:11

MLS: 225012972 LISTED BY: David DeLoney, Marcus & Millichap Real Estate SOURCE: MLS Metrolist

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