600 Las Palmas Ave
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600 Las Palmas Ave
10 Unit Apartment Building $1,549,000 ($154,900/Unit) 6.39% Cap Rate Sacramento, CA 95815
Investment Highlights
- Fully renovated building, down to the studs!
- Turn key property
- New roof, new electrical, new plumbing, all units have been newly updated.
- Fully rented, no deferred maintainance.
Executive Summary
600 Las Palmas Ave. is a newly gutted and remodeled, turnkey 10-unit multifamily property located in a nice residential north Sacramento neighborhood. The property has a new roof, new plumbing throughout, and new electrical throughout. The property has also been completely updated on the inside, including new flooring, drywall, insulation, paint (everything is new aside from a few reused appliances). Rent on the property varies between $1,250 and $1,295, with each unit also charging $50 in RUBS. 600 Las Palmas Ave is an ideal turnkey multifamily investment opportunity.
Property Facts
| Price | $1,549,000 | Apartment Style | Low Rise |
| Price Per Unit | $154,900 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 6.39% | Building Size | 4,526 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.4 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1970 |
| Property Type | Multifamily | Parking Ratio | 2.21/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,549,000 |
| Price Per Unit | $154,900 |
| Sale Type | Investment |
| Cap Rate | 6.39% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 10.4 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,526 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 2.21/1,000 SF |
Unit Amenities
- Air Conditioning
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 550 |
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Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 263-0141-043 | Improvements Assessment | $1,208,700 |
| Land Assessment | $153,000 | Total Assessment | $1,361,700 |
PROPERTY TAXES
Parcel Number
263-0141-043
Land Assessment
$153,000
Improvements Assessment
$1,208,700
Total Assessment
$1,361,700
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) |
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600 Las Palmas Ave
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