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2372 Albatross Way 4 Unit Apartment Building $749,000 ($187,250/Unit) 6.59% Cap Rate Sacramento, CA 95815
Investment Highlights
- Fully renovated interior units
- Large backyards for each unit
- Best cash flowing fourplex in Sacramento
- In-unit laundry for each unit
Executive Summary
Exceptional investment opportunity in Sacramento County! This fully renovated, turn-key fourplex generates $6,090 in monthly income from rent and RUBS, with additional potential for rent growth. Each unit features modern upgrades throughout, in-unit laundry, and a private backyard. The property also offers off-street parking and covered carports for tenant convenience. Ideal for entry-level or seasoned investors seeking strong cash flow in a high-demand rental market.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$70,500
|
$29.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$70,500
|
$29.38
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $70,500 |
| Annual Per SF | $29.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $70,500 |
| Annual Per SF | $29.38 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $749,000 | Apartment Style | Garden |
| Price Per Unit | $187,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 6.59% | Building Size | 2,400 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1949/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-3 - R-3 - MULTI-FAMILY RESIDENTIAL 29 UNITS / ACRE | ||
| Price | $749,000 |
| Price Per Unit | $187,250 |
| Sale Type | Investment |
| Cap Rate | 6.59% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1949/2023 |
| Opportunity Zone |
Yes |
| Zoning | R-3 - R-3 - MULTI-FAMILY RESIDENTIAL 29 UNITS / ACRE |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,525 | 600 |
1 1
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | 277-0063-021 | Improvements Assessment | $354,442 (2025) |
| Land Assessment | $153,875 (2025) | Total Assessment | $508,317 (2025) |
Property Taxes
Parcel Number
277-0063-021
Land Assessment
$153,875 (2025)
Improvements Assessment
$354,442 (2025)
Total Assessment
$508,317 (2025)
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2372 Albatross Way
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