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Arcade Apartments 3539 Edison Ave 16 Unit Apartment Building $1,749,000 ($109,313/Unit) 6.12% Cap Rate Sacramento, CA 95821
EXECUTIVE SUMMARY
Built in 1956, this 16-unit apartment building (The Arcade Apartments) is located at 3539 Edison Avenue, Sacramento California. The apartment complex is conveniently located just blocks away from interstate 80 and the Sacramento Light Rail System, which places residents in close proximity to many Neighborhood shopping conveniences: Starbucks Coffee, Haggin Oaks Golf Complex, Sacramento Softball Complex, Del Paso Park, and a Walmart Supercenter.
The owner has made many building improvements since 2015 including: a termite clearance in 2015; new boiler; plumbing upgrades; new front and rear exterior staircases; new front piers, posts and decking. Many units have been renovated, freshly painted, and have new appliances.
The owner has made many building improvements since 2015 including: a termite clearance in 2015; new boiler; plumbing upgrades; new front and rear exterior staircases; new front piers, posts and decking. Many units have been renovated, freshly painted, and have new appliances.
PROPERTY FACTS Under Contract
| Price | $1,749,000 | Apartment Style | Low-Rise |
| Price Per Unit | $109,313 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 6.12% | Building Size | 9,156 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 94% |
| Gross Rent Multiplier | 9.93 | No. Stories | 2 |
| No. Units | 16 | Year Built/Renovated | 1965/2015 |
| Property Type | Multifamily | Parking Ratio | 2.18/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RD30, Sacramento - Residential | ||
| Price | $1,749,000 |
| Price Per Unit | $109,313 |
| Sale Type | Investment |
| Cap Rate | 6.12% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 9.93 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 9,156 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2015 |
| Parking Ratio | 2.18/1,000 SF |
| Zoning | RD30, Sacramento - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Public Transportation
- Walk-Up
- Smoke Detector
1 1
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 255-0031-016 | Improvements Assessment | $971,091 |
| Land Assessment | $192,291 | Total Assessment | $1,163,382 |
PROPERTY TAXES
Parcel Number
255-0031-016
Land Assessment
$192,291
Improvements Assessment
$971,091
Total Assessment
$1,163,382
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Arcade Apartments | 3539 Edison Ave
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