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3rd Avenue

Sacramento, CA 95817
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SqFt9,400

Sqft(Lot)

SqFt6,098.40

Sqft(Lot)

3130 - 3132 3rd Ave in Sacramento, California. The sixteen-unit apartment community spans two parcels and features both one- and two-bedroom floorplans for residents. 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 un ique 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%. All tours must be scheduled through listings agents. Please do not disturb residents or management.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,375,000

AD Id : 59751568

MLS Id : 224114878

Lot Size : 6,098.40 Sqft(Lot)

Living Area Size : 9,400

County : Sacramento

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Alhambra Boulevard, Sacramento, CA, 95817 $1,390,000 -- -- -- 6,098.40 Sqft(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)
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)
W Street, Sacramento, CA, 95817 $450,000 -- -- -- Acres (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)
1st Avenue, Sacramento, CA, 95817 $1,350,000 -- -- 3,978 6,098.40 Sqft(Lot)

ByOwner last updated this listing 06/06/2026 @ 04:52

MLS: 224114878 LISTED BY: David DeLoney, Marcus & Millichap Real Estate SOURCE: MLS Metrolist

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