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3441-3445 Altos Ave 8 Unit Apartment Building $1,198,000 ($149,750/Unit) Sacramento, CA 95838
Investment Highlights
- Single Story construction
- 15%-20% Upside in rents
- Separate parcels
- No decks or balconies, SB721 compliant
- Clear and executable value-add strategy
- Submarket Average Occupancy of 95.7%
Executive Summary
Colliers is pleased to present 3441–3445 Altos Avenue, an (8) unit investment opportunity that sits in a neighborhood surrounded by single family homes. A paired offering of two buildings on two separate parcels delivering flexibility to any investor when it comes to a future resale.
The subject properties were built in 1973 and consist of (8) 1-bedroom/1-bath units totaling 3,960 sqft. Of rentable living space. Rents range from $805-$1,250 and a combined total of $7,805. Current market rents are around $1,250, giving a strong upside potential through rental increases to a combined $10,000. Offering a clear value-add opportunity.
With quick access to Downtown Sacramento, interstate 80 and major employment corridors including Arden-Arcade and Natomas. 3441-3445 Altos Avenue represents an investment opportunity with real upside.
The subject properties were built in 1973 and consist of (8) 1-bedroom/1-bath units totaling 3,960 sqft. Of rentable living space. Rents range from $805-$1,250 and a combined total of $7,805. Current market rents are around $1,250, giving a strong upside potential through rental increases to a combined $10,000. Offering a clear value-add opportunity.
With quick access to Downtown Sacramento, interstate 80 and major employment corridors including Arden-Arcade and Natomas. 3441-3445 Altos Avenue represents an investment opportunity with real upside.
Property Facts
| Price | $1,198,000 | Building Class | C |
| Price Per Unit | $149,750 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 4,000 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-1A-SPD | ||
| Price | $1,198,000 |
| Price Per Unit | $149,750 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,000 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-1A-SPD |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,078 | 500 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
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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