25-Unit Apartment
For Sale
$3,700,000
3120 Howe Ave, Sacramento, CA 95821
Residents are near Arden Fair Mall, California State University, Sacramento, and Kaiser Permanente Medical Center.
Property Size15,408 SF
Price / SF$240.13
Days on Market93
Property Features for 3120 Howe Ave
General Information
Standard status
Active
Size
15,408 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Hagginwood
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
25
Amenities
Updated Kitchen
No Yard
Building Details
Building Size
15,408 SF
Year Built
1972
Listing Agency:
HOMECOIN.COM
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Equityfirstre
Added: Jul 24
Changed: Oct 23
Last Checked: Oct 23 at 5:00PM
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 HOMECOIN.COM
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Investment Insights
Based on property information with market context.
Golden Tee Apartments is a 25-unit apartment community with 15,408 square feet of building area. The property was built in 1972 and is located at 3120 Howe Ave in Sacramento.
Nearby destinations named for the property include Arden Fair Mall, California State University, Sacramento, Kaiser Permanente Medical Center, and Cal Expo. Business 80 and Highway 50 are also identified as nearby freeway corridors.
Nearby destinations named for the property include Arden Fair Mall, California State University, Sacramento, Kaiser Permanente Medical Center, and Cal Expo. Business 80 and Highway 50 are also identified as nearby freeway corridors.
Key Highlights
- 25‑unit apartment community
- 15,408 square feet of building area
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$242,029
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,840,580
$4.8M
Cap Rate 7%
$3,457,557
$3.5M
Cap Rate 9%
$2,689,211
$2.7M
Market Conditions
NOI Build-Up for 15,408 SF
Gross rent
$462.2K $30.00/SF
− Vacancy
−$22.2K −$1.44/SF
EGI
$440.1K $28.56/SF
− OpEx
−$198.0K −$12.85/SF
NOI
$242.0K $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 Rate 5%
$4,840,580
Cap Rate 7%
$3,457,557
Cap Rate 9%
$2,689,211
Alternative Uses
Best Use
Apartment 5plus
$3.46M
$3.03M – $4.03M
NOI $242,029 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.14M
$3.62M – $4.83M
NOI $289,824 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
25
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Explore this area
Business Placement
Demographics for 95821, CA
39,310
Population
16,403
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
5,537
Density / Sq Mi
$58,331
Median Household Income
$41,630
Median Earnings
$1,342
Median Rent
$470,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents are near Arden Fair Mall, California State University, Sacramento, and Kaiser Permanente Medical Center.
Where is this apartment building located?
The property is located at 3120 Howe Ave Sacramento, CA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 25‑unit apartment community; 15,408 square feet of building area; Built in 1972
