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(10) 3Bed/1.5ba Single Family Homes 5921-5931 Belleview Ave

10 Unit Apartment Building $2,950,000 ($295,000/Unit) 5.31% Cap Rate Sacramento, CA 95824

Investment Highlights

  • (10) 3 bedroom, 1.5 bathroom homes spread across two parcels
  • Quiet single family neighborhood without any other multifamily around
  • Each house has their own laundry, single car garage, and private fenced backyard
  • Approximately half of the units have been updated recently

Executive Summary

5921-5931 Belleview Ave includes (10) single family houses spread across two parcels in a nice and quiet South Sacramento neighborhood. All ten houses were built between 1991 and 1992, and feature (3) bedrooms, and (1.5) bathrooms. All houses have private and fenced backyards, single car garages. Each house has washer/dryer hookups, and is individually metered for gas and electric. There is also the ability to add individual water meters to each unit, allowing the possibility of condo-mapping the ten houses. The most recent unit was filled at $2300, setting a new precedent for the remaining units. Approximately have of the units have been recently updated, with the rest long term tenants.

Property Facts

Price $2,950,000
Price Per Unit $295,000
Sale Type Investment
Cap Rate 5.31%
Sale Conditions 1031 Exchange
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 1.26 AC
Building Size 13,060 SF
Average Occupancy 95%
No. Stories 1
Year Built 1992
Parking Ratio 2.3/1,000 SF

Unit Amenities

  • Air Conditioning

Site Amenities

  • 24 Hour Access
  • Courtyard
  • Gated

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1.5 10 - 1,300

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 027-0313-003
  • 027-0313-002
Land Assessment
$78,246
Improvements Assessment
$626,162
Total Assessment
$704,408

zoning

Zoning Code R1,Sacramento (R-1 - SINGLE FAMILY RESIDENTIAL 1-2 UNITS / LOT)
R1,Sacramento (R-1 - SINGLE FAMILY RESIDENTIAL 1-2 UNITS / LOT)
  • Listing ID: 33111304

  • Date on Market: 9/9/2024

  • Last Updated:

  • Address: 5921-5931 Belleview Ave, Sacramento, CA 95824

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