2700-2714 29th Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2700-2714 29th Ave
8 Unit Apartment Building $1,395,000 ($174,375/Unit) 5.95% Cap Rate Sacramento, CA 95820
Investment Highlights
- 8 Single family homes on one lot
- Private gated community
- Most recent vacancy filled at $1,795
- Room for growing rents, tenants elegible for rent increases.
- Potential to add more units, and to expand current units
Executive Summary
2700 29th Ave is a multifamily property located in the Hollywood Park neighborhood of Sacramento, featuring (8) 2 bedroom, 1 bathroom houses on one parcel. 7 of the 8 units will be delivered occupied at sale, with the 8th unit being delivered fully gutted and ready for remodel. Each unit is individually metered for gas and electric, with the owner paying water/sewer/garbage. Each unit also includes a private backyard, as well as washer and dryer hookups. Half of the houses have new electric panels, new plumbing, and have been recently updated. The most recent vacancy was filled at $1795, setting a new precedent for future vacancies. The remaining current tenants are elegible for rental increases. There is also room to expand units on the property, including making several of the current units larger, and adding at least two ADU's. There is also potential to expand the backyards to make them larger.
Property Facts Under Contract
| Price | $1,395,000 | Apartment Style | Garden |
| Price Per Unit | $174,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.92 AC |
| Cap Rate | 5.95% | Building Size | 7,000 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 88% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment |
| Price | $1,395,000 |
| Price Per Unit | $174,375 |
| Sale Type | Investment |
| Cap Rate | 5.95% |
| Sale Conditions | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 7,000 SF |
| Average Occupancy | 88% |
| No. Stories | 1 |
| Year Built | 1950 |
Unit Amenities
- Air Conditioning
- Disposal
- Kitchen
- Yard
- Built-In Bookshelves
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 of 1
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 019-0211-005 | Improvements Assessment | $400,208 |
| Land Assessment | $116,979 | Total Assessment | $517,187 |
PROPERTY TAXES
Parcel Number
019-0211-005
Land Assessment
$116,979
Improvements Assessment
$400,208
Total Assessment
$517,187
zoning
| Zoning Code | R-1-EA (R-1-EA-4 - SINGLE FAMILY RESIDENTIAL 1-2 UNITS / LOT/EXECUTIVE AIRPORT) |
| R-1-EA (R-1-EA-4 - SINGLE FAMILY RESIDENTIAL 1-2 UNITS / LOT/EXECUTIVE AIRPORT) |
1 of 38
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2700-2714 29th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.