Address
2848 Del Paso Boulevard, Sacramento, CA
Price
$ 1,375,000
Property Attributes
  • ID#223107903
  • TypeIncome
  • CountySACRAMENTO
  • CitySacramento
  • Area10815
  • Zip95815
  • Style5 or More Units
  • Price$ 1,375,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10,019 SqFt
Data Source:
MetroList MLS
Property Description

***PRICE REDUCED & Owner will include the adjacent vacant lot next door at 2856 Del Paso Blvd which is .12 Acres zoned RMX. This property is Currently grossing $11,700/month!***This 11-Unit apartment building is the best deal on the market currently at a 6.3% CAP rate and only $125K/unit The building has also been remodeled completely on the the exterior and All electrical panels were just replaced. In 2023, the property underwent a transformative exterior upgrade, enhancing its aesthetic appeal. The improvements included a fresh coat of paint applied to the upstairs flooring and the exterior of the complex. In addition, cedar wood was added to the front of the building giving it a modern and stylish touch. In 2020, a new 100-gallon water heater tank was installed to serve the entire complex. Any dry rot throughout the complex was diligently addressed to ensure the property's durability and turn-key appeal. The unit mix consists of two studios, eight 1-bedroom/1-bathroom, and one 2-bedroom/1-bathroom units. Recent improvements include upgraded kitchen countertops, painted kitchen cabinets, upgraded bathroom cabinets, new ceiling fans, and recessed ceiling lighting. All 11-units have brand-new AC wall units.

Price History
11/7/2023 Listed $1,400,000
2/24/2024 2% - $1,375,000

General Features

Sewer Public Sewer
Heating Wall Furnace,Individual
Cooling Ceiling Fan(s),Wall Unit(s)
Utilities Natural Gas Connected,Electric
Unit 1 Rent 1330
Garage Spaces 0.0
Construction Materials Stucco,Wood,Wood Siding,Other
Year Built 1971
Stories 2
Property SubType 5 or More Units
County Sacramento
Property Type ResidentialIncome
HOA / Comm Assn No
Close Price 0.0
Status Active
Directions Take ramp onto I-80-BR E (Capital City Fwy) toward Sacramento. Take exit 4A toward I-5/Redding/CA-99 onto I-5 N. Take exit 521A toward Garden Hwy. Turn left onto Garden Hwy. Continue on Arden-Gar
City Sacramento
Buyer Agent Compensation 2.5%
High School District Sacramento Unified
Zoning Description RMX
Open Parking Spaces 0.0
Total Units 11
MLS Area 10815
Lot Size Square Feet 10019.0
Carport Spaces 0.0
Street Name Del Paso
Standard Status Active
Middle/Junior School District Sacramento Unified
Elementary School District Sacramento Unified
Year Built Source Owner
Buyer Agent Compensation Type Percent

Interior Features

Flooring Laminate,Varies by Unit
Total Stories 2
Unit 1 Full Baths 9
Unit1Bedrooms 12
Street Suffix Boulevard
Laundry Features Coin Operated,In Common Area
Unit 1 Bedroom Units Total 8
Unit 2 Bedroom Units Total 1
UnitTypeStudioUnitsTotal 2

Exterior Features

Parking Features Off Street
Lot Features Other
Water Source Public
Total Parking 11.0
Foundation Details Other
Number of Buildings 1
Lot Size Acres 0.23
Lot Size Source Not Verified
Covered Spaces 0.0

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 95815

Price
AVG $1.03M
$1.38M
Visits
AVG 261
215
Data Provided by Inside Real Estate®
Year Built
AVG 1981
1971
Walkscore
AVG 71
68
Data Provided by Walkscore® not using MLS data

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