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1617 Lisbon Ave - West Sacramento 1617-1621 Lisbon Ave 12 Unit Apartment Building $1,800,000 ($150,000/Unit) 6.38% Cap Rate West Sacramento, CA 95605
INVESTMENT HIGHLIGHTS
- Below Market Rents
- Possibility to convert unused auditorium to 3 units
- Owner currently not charging RUBS. Can capture additional $10k-$14k annually
- Huge Upside
- New owner can increase rent in 2025 for all units
- Possible addition of 1 or 2 ADU on unused land
EXECUTIVE SUMMARY
PRICE REDUCTION!
12 unit apartment complex, all single story, cottage-style units, built in 1950, located in the Bryte neighborhood of West Sacramento with close proximity to Interstate 80 and the Sacramento River. 1617-1621 Lisbon is approximately 2.4 miles from Raley Field, new home of the Sacramento Athletics MLB team, and 3 miles to Downtown Sacramento and the Golden One Center, home of the Sacramento Kings. Approximately a mile from Riverpoint Marketplace, a super-regional power center with many large national retail stores.
Property consists of eight 1 bed/1 bath; two 2 bed/1 bath; and two 3 bed/1 bath units.
12 unit apartment complex, all single story, cottage-style units, built in 1950, located in the Bryte neighborhood of West Sacramento with close proximity to Interstate 80 and the Sacramento River. 1617-1621 Lisbon is approximately 2.4 miles from Raley Field, new home of the Sacramento Athletics MLB team, and 3 miles to Downtown Sacramento and the Golden One Center, home of the Sacramento Kings. Approximately a mile from Riverpoint Marketplace, a super-regional power center with many large national retail stores.
Property consists of eight 1 bed/1 bath; two 2 bed/1 bath; and two 3 bed/1 bath units.
PROPERTY FACTS
| Price | $1,800,000 | Building Class | C |
| Price Per Unit | $150,000 | Lot Size | 1.03 AC |
| Sale Type | Investment | Building Size | 14,525 SF |
| Cap Rate | 6.38% | Average Occupancy | 92% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1.83/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R1-A, W Sacramento - Single Family Residential | ||
| Price | $1,800,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 14,525 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | R1-A, W Sacramento - Single Family Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Oven
- Range
- Yard
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $5,850 | 4,320 |
| 2+1 | 2 | $2,100 | 670 - 1,340 |
| 3+1 | 2 | $2,250 | 840 - 1,680 |
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PROPERTY TAXES
| Parcel Number | 014-074-015-000 | Improvements Assessment | $876,790 |
| Land Assessment | $459,000 | Total Assessment | $1,335,790 |
PROPERTY TAXES
Parcel Number
014-074-015-000
Land Assessment
$459,000
Improvements Assessment
$876,790
Total Assessment
$1,335,790
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1617 Lisbon Ave - West Sacramento | 1617-1621 Lisbon Ave
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