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$ 1,295,000
Est. payment /mo
Pending
717 Lampasas Avenue Sacramento, CA 95815
7,136 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 7,136 sqft
Price per Sqft $181
MLS Listing ID ML82031283
HOA Y/N No
Year Built 1963
Lot Size 0.517 Acres
Property Sub-Type Other
Property Description
Strategically priced for a quick sale with strong upside, this welllocated multifamily property is located in an Opportunity Zone! 717 Lampasas Avenue features 8 fully remodeled units across two separate 4-plex buildings, each with 2 bed / 1 bath units. All interiors have been upgraded with luxury vinyl plank flooring, new appliances, new doors, paint, and modern bathrooms. Dual-pane windows and fresh exterior paint complete the improvements. The buildings sit on a spacious half-acre lot with potential for future development access from Traction Ave may allow for additional units or ADUs (buyer to verify). Pro forma rents of nearly $150K/year, 7.2% CAP, and 8.8 GRM offer strong returns. Property is fully occupied, with 16 parking spaces, separate water meters per building, and a newer roof (2012). Gated for privacy and security. Located minutes from downtown Sacramento, shopping, parks, and transit. Possibility to subdivide and resell as two 4-plexes for added flexibility. Ideal for investors seeking immediate cash flow with long-term upside in one of Sacramento's most promising redevelopment corridors. Priced to sell motivated seller!
Location
State CA
County Sacramento
Zoning R-2B
Interior
Heating Wall Furnace
Fireplace No
Building
Water Public
New Construction No
Others
Tax ID 2630172012000
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Listed by Alexey Blokhin • Real E-State
NEARBY SCHOOLS & PROPERTIES