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3924 J St

6 Unit Apartment Building $2,800,000 ($466,667/Unit) 4.50% Cap Rate Sacramento, CA 95819

Investment Highlights

  • East Sacramento Fabulous Forties Location
  • 6 Garages
  • Laundry Hookups
  • Duplex built in 2021
  • Central Heat and Air
  • Same owner operator since 1976

Executive Summary

3924-3926 J St is a 6 unit apartment building located in the prestigious fabulous forties neighborhood of East Sacramento. The property consists of a 4-plex in the front which are all large 2 bed 1 bath units with washer/dryer hookups and central heat and air. There is a newly constructed duplex in the back built in 2021. The duplex has a large 1,836 sq. ft 3 bed 2.5 bath unit and 2 bed 1.5 bath 736 sq. ft unit. The property has 6 total units with 6 garages. The 4plex had the roof replaced 3 years ago. This property has been owned by the same owner since 1976, showcasing its long-standing value and appeal. The building offers a rare chance to acquire a commercial building in a coveted East Sacramento neighborhood.
East Sacramento is one of the most highly sought-after submarkets in the greater Sacramento area. The subject property is situated the “Fabulous Forties” neighborhood and is 7 blocks away from the beautiful McKinley Park, both of which garnered national attention when spotlighted in the 2017 Oscar Nominated film, Ladybird. Mercy General Hospital is located directly across the street and the Sutter Medical Center, UC Davis Medical Center and Medical School, and Shriner’s Children's’ Hospital are within 1.1 miles away

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,800,000
Price Per Unit $466,667
Sale Type Investment
Cap Rate 4.50%
Gross Rent Multiplier 14.7
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.19 AC
Building Size 8,801 SF
Average Occupancy 100%
No. Stories 2
Year Built 2021
Parking Ratio 0.86/1,000 SF

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2.5 1 $3,500 1,836
2+1.5 1 $3,100 1,736
2+1 4 $2,236 1,000 - 1,100
Walk Score ®
Very Walkable (83)
Bike Score ®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
008-0134-004
Land Assessment
$60,522 (2024)
Improvements Assessment
$721,717 (2024)
Total Assessment
$782,239 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code R-4
R-4
  • Listing ID: 33111475

  • Date on Market: 9/9/2024

  • Last Updated:

  • Address: 3924 J St, Sacramento, CA 95819

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