Residential Income Property with
131 Parkshore Circle Sacramento, CA 95831
131 Parkshore Circle, Sacramento, CA, 95831
$499,000
Pending
For Sale
$499,000
Pending
Kitchen remodel in late 2024, dual-pane windows, and owned solar with an EV charger and upgraded electrical panel.
Property Size1,494 SF
Days on Market77
Property Features for 131 Parkshore Circle
General Information
- Standard status
- Pending
- Size
- 1,494 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1978
Listing agency
Next Real Estate Group Inc.
(916) 203-1039
Listed by
Michael A. Ewing · License #01942002
(916) 203-1039
Source
Exitrealty
Added: May 6 Updated: Jul 20 at 11:38PM Checked: Jul 21 at 5:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Next Real Estate Group Inc.
Investment Insights
Based on property information with market context.
131 Parkshore Circle presents a move-in-ready residential income property with upgrades completed over time. The kitchen remodel was completed in late 2024, featuring updated cabinetry and countertops. Interior updates also include updated flooring (laminate and tile), refreshed bathrooms, and a built-out gas fireplace that connects the living and dining areas with a warm focal point. Additional improvements include an updated sliding glass door, dual-pane windows, and interior finish updates, along with plumbing updates and ongoing maintenance.
The property is located in Sacramento, CA. The solar system is owned rather than leased, and an EV charger is already installed. An upgraded electrical breaker box supports modern electrical needs from day one.
The property is located in Sacramento, CA. The solar system is owned rather than leased, and an EV charger is already installed. An upgraded electrical breaker box supports modern electrical needs from day one.
Key Highlights
- Major kitchen remodel completed in late 2024 with updated cabinetry and countertops
- Owned solar system (not leased) and EV charger already installed for added convenience
- Dual‑pane windows and updated sliding glass door
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.8k | $27.96 |
| − Vacancy | −$1.9k | −$1.26 |
| EGI | $39.9k | $26.70 |
| − OpEx | −$18.0k | −$12.02 |
| NOI | $21.9k | $14.69 |
1,494 SF · lease $27.96/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$313.4K
$274.3K – $365.7K
NOI $21,941 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$11.64M
$10.19M – $13.58M
NOI $815,089 @ 7.0% cap · market cap 163.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Kitchen remodel in late 2024, dual-pane windows, and owned solar with an EV charger and upgraded electrical panel.
Where is this multifamily property located?
The property is located at 131 Parkshore Circle Sacramento, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Major kitchen remodel completed in late 2024 with updated cabinetry and countertops; Owned solar system (not leased) and EV charger already installed for added convenience; Dual‑pane windows and updated sliding glass door
