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3441-3445 Altos Ave 8 Unit Apartment Building $1,300,000 ($162,500/Unit) Sacramento, CA 95838
INVESTMENT HIGHLIGHTS
- Single Story construction
- Ample Parking
- Secured gated entrance
- Two adjacent parcels
- Pitched roof
- Laundry on-site
EXECUTIVE SUMMARY
Two matching single-story fourplexes, situated on separate parcels and offered together, in the growing North Sacramento submarket. Built in 1973, each building consists of 1-bedroom/1-bath units, with a combined total of 3,960 square feet of rentable living space. 3441 Altos Ave generates $4,210 per month, while 3445 Altos Ave brings in $3,595, for a total monthly income of $7,805. There is strong upside potential through rent increases, with average market rents in the area around $1,350 per unit, offering a clear value-add opportunity.
The buildings face each other and share a front yard enclosed by iron fencing, creating a private, community-style setting. Both properties also offer off-street parking. Located in a quiet residential neighborhood surrounded by single-family homes and directly across from the Altos Greenbelt Parkway, with convenient access to walking and biking trails.
The buildings face each other and share a front yard enclosed by iron fencing, creating a private, community-style setting. Both properties also offer off-street parking. Located in a quiet residential neighborhood surrounded by single-family homes and directly across from the Altos Greenbelt Parkway, with convenient access to walking and biking trails.
PROPERTY FACTS
| Price | $1,300,000 | Lot Size | 0.32 AC |
| Price Per Unit | $162,500 | Building Size | 3,960 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 2.02/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R-1A-SPD | ||
| Price | $1,300,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 3,960 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 2.02/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-1A-SPD |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,028 | 500 |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $711,264 | |
| Land Assessment | $173,186 | Total Assessment | $884,450 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$173,186
Improvements Assessment
$711,264
Total Assessment
$884,450
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3441-3445 Altos Ave
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