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3715 Norwood Ave
Sacramento, CA 95838
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Value-add: RUBS program projects ~$50/unit/month
- Modern bathrooms with tiled shower/tub surrounds
- Gas ranges + refrigerators included
- Light wood flooring throughout
- In-unit stackable washer & dryer
- Wall-mounted heating & A/C
Executive Summary
Situated at 3715 Norwood Avenue in Sacramento, this 6-unit apartment community offers convenient access to major commuter routes, shopping, dining, and everyday essentials. Located just minutes from Interstate 80, residents enjoy easy connectivity to Downtown Sacramento and nearby employment centers. The property sits close to Arden Fair Mall and national retailers including Target, Costco, and Home Depot, with a variety of dining options minutes away, an attractive location for renters seeking both accessibility and neighborhood appeal.
Built in 1963 and thoughtfully updated over the past several years, the community consists exclusively of spacious two-bedroom units. Interior features include light wood flooring, modern bathroom finishes with tiled shower/tub surrounds, gas ranges, refrigerators, in-unit stackable washer/dryers, and wall-mounted heating and air conditioning. Select units have been upgraded with new cabinetry and countertops for an updated, contemporary feel. Community amenities include a shared backyard and onsite parking.
With residents already responsible for gas and electricity, implementation of a RUBS (Ratio Utility Billing System) program projects approximately $50 per unit per month in recoverable utility reimbursements, a clear path to additional NOI. Combined with recent interior improvements, desirable two-bedroom floor plans, and a strong infill location, 3715 Norwood presents an appealing addition to any Sacramento multifamily portfolio.
Built in 1963 and thoughtfully updated over the past several years, the community consists exclusively of spacious two-bedroom units. Interior features include light wood flooring, modern bathroom finishes with tiled shower/tub surrounds, gas ranges, refrigerators, in-unit stackable washer/dryers, and wall-mounted heating and air conditioning. Select units have been upgraded with new cabinetry and countertops for an updated, contemporary feel. Community amenities include a shared backyard and onsite parking.
With residents already responsible for gas and electricity, implementation of a RUBS (Ratio Utility Billing System) program projects approximately $50 per unit per month in recoverable utility reimbursements, a clear path to additional NOI. Combined with recent interior improvements, desirable two-bedroom floor plans, and a strong infill location, 3715 Norwood presents an appealing addition to any Sacramento multifamily portfolio.
Property Facts
| Price Per Unit | $141,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.22% | Lot Size | 0.19 AC |
| Gross Rent Multiplier | 8.03 | Building Size | 4,500 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-2A | ||
| Price Per Unit | $141,667 |
| Sale Type | Investment |
| Cap Rate | 7.22% |
| Gross Rent Multiplier | 8.03 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,500 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
| Zoning | R-2A |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,470 | 750 |
Property Taxes
| Parcel Number | 250-0331-006 | Improvements Assessment | $541,024 |
| Land Assessment | $122,703 | Total Assessment | $663,727 |
Property Taxes
Parcel Number
250-0331-006
Land Assessment
$122,703
Improvements Assessment
$541,024
Total Assessment
$663,727
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