Renovated
New
For Sale
$499,000
3434 San Carlos Way, Sacramento, CA 95817
Two separate residences share one lot, with a front home and a detached rear dwelling.
Property Size1,059 SF
Price / SF$471.20
Days on Market2
Property Features for 3434 San Carlos Way
General Information
Standard status
Active
Size
1,059 SF
Total Parking Spaces
1
Property subtype
Land
Units
Unit Mix
2BR/1BA, studio
Multifamily Units
2
Amenities
fenced yard
gated
outdoor space
Building Details
Year Built
1930
Year Renovated
2021
Buildings
2
Listing Agency:
Re/Max Gold Copperopolis
(209) 753-0410
Listed By:
Inspired Real Estate Group Inc
(916) 622-5341
Source:
Inspiredrealestategroup
Added: Sep 24
Last Checked: Sep 24 at 8:57AM
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 Re/Max Gold Copperopolis
Investment Insights
Based on property information with market context.
This duplex pairs two detached residences on a single lot. The front house has two bedrooms and one bathroom; the rear home is a studio with a full kitchen and bathroom. Both were renovated in 2021 with updated kitchens and bathrooms, stone counters, vinyl plank floors, appliances, and newer windows. The property also includes a one-car garage and fenced, gated grounds with a front yard, shared central yard, and rear yard.
At the end of a dead-end street, the property borders city park space and is near UC Davis Medical Center, the UC Davis Health campus, McGeorge School of Law, and the Triangle district. The main home dates to 1930.
At the end of a dead-end street, the property borders city park space and is near UC Davis Medical Center, the UC Davis Health campus, McGeorge School of Law, and the Triangle district. The main home dates to 1930.
Key Highlights
- Two detached residences on one lot
- Front residence has 2 bedrooms and 1 bathroom; rear studio includes a full kitchen and bathroom
- Both homes renovated in 2021 with updated kitchens and bathrooms, stone counters, vinyl plank flooring, appliances, and newer windows
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
$18,074
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
3.62%
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%
$361,480
$361.5K
Cap Rate 7%
$258,200
$258.2K
Cap Rate 9%
$200,822
$200.8K
Market Conditions
NOI Build-Up for 1,059 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
$27.3K $25.80/SF
− Vacancy
−$1.5K −$1.42/SF
EGI
$25.8K $24.38/SF
− OpEx
−$7.7K −$7.31/SF
NOI
$18.1K $17.07/SF
Area
Sacramento, CA
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$361,480
Cap Rate 7%
$258,200
Cap Rate 9%
$200,822
Alternative Uses
Best Use
Multifamily LT 5
$258.2K
$225.9K – $301.2K
NOI $18,074 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$237.6K
$207.9K – $277.3K
NOI $16,635 @ 7.0% cap · market cap 3.33%
Theoretical Best
Specialty Retail
$284.6K
$249.0K – $332.0K
NOI $19,920 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
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Business Placement
Demographics for 95817, CA
14,270
Population
7,014
Households
2
Avg Household Size
35
Median Age
48%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
6,204
Density / Sq Mi
$64,621
Median Household Income
$46,117
Median Earnings
$1,511
Median Rent
$500,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences share one lot, with a front home and a detached rear dwelling.
Where is this duplex located?
The property is located at 3434 San Carlos Way 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: Two detached residences on one lot; Front residence has 2 bedrooms and 1 bathroom; rear studio includes a full kitchen and bathroom; Both homes renovated in 2021 with updated kitchens and bathrooms, stone counters, vinyl plank flooring, appliances, and newer windows
