***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.
Closed
$1,375,000
2848 Del Paso Blvd, Sacramento, CA 95815
10beds
5,258sqft
5 or More Units
Built in 1971
-- sqft lot
$1,341,300 Zestimate®
$262/sqft
$1,576 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 02, 2024 at 01:39pm
Listed by:
Matthew Sarro DRE #01942991 916-616-5267,
Collier's International CA, Inc.
Bought with:
Frank Thornton, DRE #01250086
Arriaga Real Estate
Source: MetroList Services of CA,MLS#: 223107903Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 9
- Full bathrooms: 9
Heating
- Wall Furnace, Individual
Cooling
- Ceiling Fan(s), Wall Unit(s)
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total interior livable area: 5,258 sqft
Property
Parking
- Total spaces: 11
- Parking features: Off Street
Features
- Stories: 2
Lot
- Size: 10,018 sqft
Details
- Zoning description: RMX
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5 or More Units
Materials
- Stucco, Wood, Wood Siding, Other
Condition
- Year built: 1971
Community & neighborhood
Location
- Region: Sacramento
Services availability
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Estimated market value
$1,341,300