4.87% Assumable 8 Apt Oak Park, Sacramento | 2700 32nd St
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4.87% Assumable 8 Apt Oak Park, Sacramento 2700 32nd St
8 Unit Apartment Building $2,161,424 CAD ($270,178 CAD/Unit) 5.93% Cap Rate Sacramento, CA 95817
Investment Highlights
- Prime North Oak Park Location
- 87 Out of 100 Walkscore. 99 Out of 100 Bikescore
- Close Proximity to Endless Shopping, Dining and Entertainment
- 8 Units - With 11% Upside Potential
- Well Maintained Turn-key Property with Value- Add Potential
- Walking distance to UC Davis Medical Center, Midtown and Downtown
Executive Summary
New OM Available ...Eight (8) unit apartment buildinng located at 2700 32nd Street in Sacramento, California. The property, built in 1962, is located in North Oak Park near hospitals and walking distance to many amenities such as restaurants, shopping and Sacramento State University. The property is one block from all bus lines and public transportation. There is additional income from storage rooms and laundry facilities located on the property.
This two-story apartment building offers eight (8) , 1 bedroom 1 bath units, all of which have great layouts and average 618 SF each. The building features on-site laundry, community patio space, gated entry for all residents and storage. The building was fully renovated in 2016. Since these units have been updated they provide a savvy investor a stabilized multi-family investment.
Please reach out to get access to P&L, T12, Rent Roll, and note details. Recent leases signed at $1,475 show that the market is strong. The leases are all relatively close to market so annual allowed rental increases will maintain the investment integrity.
This two-story apartment building offers eight (8) , 1 bedroom 1 bath units, all of which have great layouts and average 618 SF each. The building features on-site laundry, community patio space, gated entry for all residents and storage. The building was fully renovated in 2016. Since these units have been updated they provide a savvy investor a stabilized multi-family investment.
Please reach out to get access to P&L, T12, Rent Roll, and note details. Recent leases signed at $1,475 show that the market is strong. The leases are all relatively close to market so annual allowed rental increases will maintain the investment integrity.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,161,424 CAD | Apartment Style | Low Rise |
| Price Per Unit | $270,178 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.93% | Building Size | 4,800 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.05 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1962 |
| Property Type | Multifamily | Parking Ratio | 1.25/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,161,424 CAD |
| Price Per Unit | $270,178 CAD |
| Sale Type | Investment |
| Cap Rate | 5.93% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 11.05 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.25/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Kitchen
- Refrigerator
Site Amenities
- Courtyard
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,091 CAD | 608 |
Walk Score ®
Very Walkable (89)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 010-0365-009 | Total Assessment | $1,900,959 CAD (2024) |
| Land Assessment | $373,174 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,527,785 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
010-0365-009
Land Assessment
$373,174 CAD (2024)
Improvements Assessment
$1,527,785 CAD (2024)
Total Assessment
$1,900,959 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | R2B, Sacramento (R-2B - MULTI-FAMILY RESIDENTIAL 21 UNITS / ACRE) |
| R2B, Sacramento (R-2B - MULTI-FAMILY RESIDENTIAL 21 UNITS / ACRE) |
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4.87% Assumable 8 Apt Oak Park, Sacramento | 2700 32nd St
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