Active
3130 3rd Avenue
Sacramento CA, 95817
$2,400,000
$4,363.64 per sqft
Active
3 Beds
2 Baths
550 sqft
Multi-family
Built in 1960
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%.
225012972
MLSⓇ ID
February 3, 2025
Listed
February 4, 2025
Updated
Map
3130 3rd Avenue
Sacramento CA, 95817
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
2
Laundry Description
Common Area
Floor Description
Vinyl, Linoleum
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.28 Acres
Sewer
Private Sewer
School Information
School District
Sacramento Unified
Other Property Details
Garage
No
Parking
Off Street, On Street
Parking Total
12
View
No
County
Sacramento
Water Source
Public
Pool
No
Zoning
Residential
Courtesy of Marcus & Millichap Real Estate, David DeLoney,
Listing Contact:
Data maintained by METROLIST® may not reflect all real estate activity in the market. All information has been provided by seller/other sources and has not been verified by broker. All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. All interested persons should independently verify the accuracy of all information. All real estate advertising placed by anyone through this service for real properties in the United States is subject to the US Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise 'any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination.' This service will not knowingly accept any advertisement for real estate which is in violation of the law. Our readers are hereby informed that all dwellings, under the jurisdiction of U.S. Federal regulations, advertised in this service are available on an equal opportunity basis.
©2025 METROLIST®. All rights reserved.
Data last updated 1:46 AM UTC