Three-Bedroom
For Sale
$405,000
3006 53rd Street, Sacramento, CA 95820
Income property with an attached two-car garage, private suite, updated interiors, and a low-maintenance backyard.
Property Size1,175 SF
Price / SF$344.68
Days on Market109
Property Features for 3006 53rd Street
General Information
Standard status
Active
Size
1,175 SF
Property subtype
Multi Family
Building Details
Year Built
1982
Listing Agency:
Keller Williams Realty
(916) 788-8800
Listed By:
Steven J. Lamothe · License #01953465
(916) 665-0392
Source:
Exitrealty
Added: May 19
Changed: Sep 2
Last Checked: Sep 2 at 4:45PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This residential income property is a half-plex with 1,175 square feet, three bedrooms, and two bathrooms. Built in 1982, the home offers an open great-room arrangement, a corner fireplace, new carpet, and a kitchen equipped with granite countertops, extensive cabinetry, and appliances. The primary bedroom includes a private bathroom, while the backyard includes storage and requires limited upkeep. A two-car attached garage adds dedicated parking and direct home access.
The property is located in Tahoe Park, within walking distance of UC Davis Medical Center and minutes from downtown Sacramento. Shopping, dining, public transportation, neighborhood parks, and local coffee shops are also nearby. The 3-bedroom, 2-bath configuration and attached garage provide a practical residential layout for an income-property buyer.
The property is located in Tahoe Park, within walking distance of UC Davis Medical Center and minutes from downtown Sacramento. Shopping, dining, public transportation, neighborhood parks, and local coffee shops are also nearby. The 3-bedroom, 2-bath configuration and attached garage provide a practical residential layout for an income-property buyer.
Key Highlights
- 3‑bedroom, 2‑bath half‑plex with 1,175 square feet
- Built in 1982 with new carpet and updated interior finishes
- Kitchen includes granite countertops, abundant cabinetry, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,457
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$369,140
$369.1K
Cap Rate 7%
$263,671
$263.7K
Cap Rate 9%
$205,078
$205.1K
Market Conditions
NOI Build-Up for 1,175 SF
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.
Gross rent
$35.3K $30.00/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$33.6K $28.56/SF
− OpEx
−$15.1K −$12.85/SF
NOI
$18.5K $15.71/SF
Area
Sacramento, CA
Vacancy
4.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$369,140
Cap Rate 7%
$263,671
Cap Rate 9%
$205,078
Alternative Uses
Best Use
Apartment 5plus
$263.7K
$230.7K – $307.6K
NOI $18,457 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$315.7K
$276.3K – $368.4K
NOI $22,102 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,903
Businesses Nearby
Explore this area
Business Placement
Demographics for 95820, CA
36,848
Population
14,254
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
81%
High-School Grad
5.3 sq mi
ZIP Area
6,952
Density / Sq Mi
$69,905
Median Household Income
$42,244
Median Earnings
$1,646
Median Rent
$394,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Income property with an attached two-car garage, private suite, updated interiors, and a low-maintenance backyard.
Where is this residential income property located?
The property is located at 3006 53rd Street Sacramento, CA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath half‑plex with 1,175 square feet; Built in 1982 with new carpet and updated interior finishes; Kitchen includes granite countertops, abundant cabinetry, and appliances
