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3355 Lerwick Rd 8 Unit Apartment Building $1,795,000 ($224,375/Unit) 6.52% Cap Rate Sacramento, CA 95821
Investment Highlights
- All units completely remodeled- nice appliances, in unit laundry
- Both commerical and residential financing options availble.
- All SB 721 Compliance work completed
Executive Summary
Turnkey Multifamily Opportunity | Dual Fourplexes in Sacramento
3359 & 3355 Lerwick Rd, Sacramento, CA 95821
An exceptional, high-yielding investment opportunity featuring two turnkey fourplexes (8 total units) in a desirable Sacramento location. Delivered with major capital expenditures complete and strong existing cash flow, this portfolio offers immediate, hands-off income for discerning investors.
Key Investment Highlights
• Flexible Financing Options: Purchase with either commercial or residential financing, allowing for optimized leverage and competitive interest rates.
• Fully Remodeled Units: Every unit features fully updated interiors, offering a modern, tenant-demanded living experience with zero initial deferred maintenance.
• Spacious Floor Plans: Generous layouts exceeding 900+ sq. ft. per unit, driving high tenant retention and premium rental rates.
• In-Unit Amenities: Every unit is equipped with individual in-unit washers and dryers—a major competitive edge in the local rental market.
• Fully Compliant (SB 721): All Exterior Elevated Elements (EEE) inspection and structural maintenance work required under California SB 721 have been completed, protecting your investment and minimizing future capex.
• Strong, Immediate Cash Flow: Positioned to deliver robust yields from day one with heavy maintenance and major capital improvements already satisfied.
Agent Note: Units can be purchased together to maximize yield or evaluated individually. Contact listing agent for full rent roll, financial disclosures, and private showing instructions.
3359 & 3355 Lerwick Rd, Sacramento, CA 95821
An exceptional, high-yielding investment opportunity featuring two turnkey fourplexes (8 total units) in a desirable Sacramento location. Delivered with major capital expenditures complete and strong existing cash flow, this portfolio offers immediate, hands-off income for discerning investors.
Key Investment Highlights
• Flexible Financing Options: Purchase with either commercial or residential financing, allowing for optimized leverage and competitive interest rates.
• Fully Remodeled Units: Every unit features fully updated interiors, offering a modern, tenant-demanded living experience with zero initial deferred maintenance.
• Spacious Floor Plans: Generous layouts exceeding 900+ sq. ft. per unit, driving high tenant retention and premium rental rates.
• In-Unit Amenities: Every unit is equipped with individual in-unit washers and dryers—a major competitive edge in the local rental market.
• Fully Compliant (SB 721): All Exterior Elevated Elements (EEE) inspection and structural maintenance work required under California SB 721 have been completed, protecting your investment and minimizing future capex.
• Strong, Immediate Cash Flow: Positioned to deliver robust yields from day one with heavy maintenance and major capital improvements already satisfied.
Agent Note: Units can be purchased together to maximize yield or evaluated individually. Contact listing agent for full rent roll, financial disclosures, and private showing instructions.
Property Facts
| Price | $1,795,000 | Apartment Style | Low-Rise |
| Price Per Unit | $224,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 6.52% | Building Size | 7,248 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.5 | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1963/2024 |
| Property Type | Multifamily | Parking Ratio | 1.66/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RD20, Sacramento | ||
| Price | $1,795,000 |
| Price Per Unit | $224,375 |
| Sale Type | Investment |
| Cap Rate | 6.52% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.5 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 7,248 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2024 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | RD20, Sacramento |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,781 | 906 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 254-0131-035 | Improvements Assessment | $466,931 |
| Land Assessment | $201,629 | Total Assessment | $668,560 |
Property Taxes
Parcel Number
254-0131-035
Land Assessment
$201,629
Improvements Assessment
$466,931
Total Assessment
$668,560
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