Legalized Duplex
308 Anderson Ct Sacramento, CA 95838
308 Anderson Ct, Sacramento, CA, 95838
$311,000
For Sale
$311,000
Fixer duplex with seller-completed legalization, ready for a new owner’s finishing touches.
Property Size1,300 SF
Price / SF$239.23
Days on Market111
Property Features for 308 Anderson Ct
General Information
- Standard status
- Active
- Size
- 1,300 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1942
Listing agency
Slatecreek Realty
(916) 773-5512
Listed by
Margaret A. Burkett · License #01703748
(916) 773-5512
Source
Exitrealty
Added: Apr 3 Updated: Jul 20 at 9:18PM Checked: Jul 21 at 5:58AM
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 Slatecreek Realty
Investment Insights
Based on property information with market context.
This fixer offers a duplex configuration that is ready for a buyer’s finishing touches. According to the seller, the legalization of the duplex has been completed, creating a clarified structure for the property.
The property is located at 308 Anderson Ct in Sacramento, CA (95838).
The property is located at 308 Anderson Ct in Sacramento, CA (95838).
Key Highlights
- Duplex built in 1942
- Seller completed the legalization of the duplex, making it ready for the new owner’s finishing touches
Local Financial Insights For Multifamily LT 5
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 | $33.5k | $25.80 |
| − Vacancy | −$1.8k | −$1.42 |
| EGI | $31.7k | $24.38 |
| − OpEx | −$9.5k | −$7.31 |
| NOI | $22.2k | $17.07 |
1,300 SF · lease $25.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.0K
$277.3K – $369.8K
NOI $22,187 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$291.7K
$255.3K – $340.3K
NOI $20,420 @ 7.0% cap · market cap 6.57%
Theoretical Best
Specialty Retail
$349.3K
$305.7K – $407.6K
NOI $24,453 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fixer duplex with seller-completed legalization, ready for a new owner’s finishing touches.
Where is this duplex located?
The property is located at 308 Anderson Ct Sacramento, CA.
What is the asking price?
The asking price for this property is $311,000.
What are key features of this property?
This property features: Duplex built in 1942; Seller completed the legalization of the duplex, making it ready for the new owner’s finishing touches
