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3540 J St 9 Unit Apartment Building $1,650,000 ($183,333/Unit) Sacramento, CA 95816
INVESTMENT HIGHLIGHTS
- Value-add opportunity to own charming architecture and vintage construction in an unbeatable East Sacramento location.
- Laundry facility on-site, bike storage in the basement and one-car garage attached to a unit.
- Walking distance to Mercy General Hospital
EXECUTIVE SUMMARY
The Deloney Group of Marcus & Millichap is pleased to present 3540 J Street, a 9-unit multifamily dwelling located in the revered East Sacramento near Mercy General Hospital. The property is comprised of (2) studio units (6) one-bedroom/one-bathroom units, and (1) one-bedroom/one-bathroom unit which includes a garage.
Featuring three stories, the property provides tenants with exceptional access to neighborhood amenities.
Current ownership has held the property for many decades. Rent comparables suggest that gross monthly income for the property has about 58% upside, making for a massive opportunity for the next owner. Once restored to its glory, 3540 J Street will feature prominently on J Street as a top destination for renters seeking East Sacramento housing combined with historical appeal.
All tours must be scheduled through listing agents. Please do not disturb residents or management.
Featuring three stories, the property provides tenants with exceptional access to neighborhood amenities.
Current ownership has held the property for many decades. Rent comparables suggest that gross monthly income for the property has about 58% upside, making for a massive opportunity for the next owner. Once restored to its glory, 3540 J Street will feature prominently on J Street as a top destination for renters seeking East Sacramento housing combined with historical appeal.
All tours must be scheduled through listing agents. Please do not disturb residents or management.
PROPERTY FACTS Under Contract
| Price | $1,650,000 | Building Class | C |
| Price Per Unit | $183,333 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 9,237 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 0.11/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price | $1,650,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 9,237 SF |
| No. Stories | 3 |
| Year Built | 1940 |
| Parking Ratio | 0.11/1,000 SF |
| Zoning | R-3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 500 |
| 1+1 | 7 | - | 650 |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 007-0135-001 | Improvements Assessment | $414,362 |
| Land Assessment | $72,491 | Total Assessment | $486,853 |
PROPERTY TAXES
Parcel Number
007-0135-001
Land Assessment
$72,491
Improvements Assessment
$414,362
Total Assessment
$486,853
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3540 J St
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