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715 Dixieanne Ave 5 Unit Apartment Building $599,000 ($119,800/Unit) 7.53% Cap Rate Sacramento, CA 95815
Investment Highlights
- 3Bed/1Bathroom Single Family Home + 4Plex
- Close Proximity to Downtown Sacramento
- Secured Access
- Value-add opportunity with 17% upside in rental income
- Pitched Roofs
Executive Summary
We are pleased to present 715 Dixieanne Ave, a 5-unit multifamily community located in Old North Sacramento sub-market. The subject property is situated on 0.15 acre lot with 3,276 rentable square feet consisting of a 3bedroom/1bathroom Single Family home in the front facing Dixieanne Avenue. The back 4plex faces the alley and consists of one Studio apartment, one 2bedroom/1bathroom + office, one 1bedroom/1bathroom + Office and one 1bedroom/1bathroom unit. The complex consists of two buildings with open parking in the front and back.
Property Facts
| Price | $599,000 | Building Class | C |
| Price Per Unit | $119,800 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,276 SF |
| Cap Rate | 7.53% | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.69 | No. Stories | 1 |
| No. Units | 5 | Year Built | 1920 |
| Property Type | Multifamily | Parking Ratio | 0.61/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-1, Sacramento | ||
| Price | $599,000 |
| Price Per Unit | $119,800 |
| Sale Type | Investment |
| Cap Rate | 7.53% |
| Gross Rent Multiplier | 8.69 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,276 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1920 |
| Parking Ratio | 0.61/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-1, Sacramento |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $962.50 | 552 |
| 2+1 | 1 | $1,540 | 700 |
| 3+1 | 1 | $1,795 | 920 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 275-0053-023 | Improvements Assessment | $477,543 |
| Land Assessment | $90,202 | Total Assessment | $567,745 |
Property Taxes
Parcel Number
275-0053-023
Land Assessment
$90,202
Improvements Assessment
$477,543
Total Assessment
$567,745
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715 Dixieanne Ave
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