Updated 2-Bedroom Income
For Sale
$449,000
3515 Laird Street, Loomis, CA 95650
Two-bedroom, two-bath residence with refreshed interiors, exterior paint, roofing, gutters, and walk-in closets in both bedrooms.
Property Size1,083 SF
Price / SF$414.59
Days on Market13
Property Features for 3515 Laird Street
General Information
Standard status
Active
Size
1,083 SF
Property subtype
Multi Family
Building Details
Year Built
1986
Listing Agency:
Real Estate Source Inc
(916) 899-0018
Listed By:
Holly L. Schanz · License #02063406
(916) 899-0018
Source:
Exitrealty
Added: Jul 31
Changed: Aug 11
Last Checked: Aug 12 at 4:32AM
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 Real Estate Source Inc
Investment Insights
Based on property information with market context.
This 1,083-square-foot residential income property in Loomis offers two bedrooms and two bathrooms within a floor plan that includes walk-in closets in both bedrooms. Improvements include updated flooring, ceilings, roofing, gutters, and interior and exterior paint. The residence was built in 1986, and pest and home inspection reports are available; the sellers have addressed each item identified in those reports.
Located at 3515 Laird Street, the property is within walking distance of Taylor's, Gander Taphouse, and Smithville Coffee House. Loomis Grammar and Del Oro High School are also described as walkable from the residence.
Located at 3515 Laird Street, the property is within walking distance of Taylor's, Gander Taphouse, and Smithville Coffee House. Loomis Grammar and Del Oro High School are also described as walkable from the residence.
Key Highlights
- Two‑bedroom, two‑bath residential income property
- 1,083 square feet; built in 1986
- Updated floors, ceilings, roofing, gutters, and interior and exterior paint
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
$16,684
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
3.72%
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%
$333,680
$333.7K
Cap Rate 7%
$238,343
$238.3K
Cap Rate 9%
$185,378
$185.4K
Market Conditions
NOI Build-Up for 1,083 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
$32.1K $29.64/SF
− Vacancy
−$1.8K −$1.63/SF
EGI
$30.3K $28.01/SF
− OpEx
−$13.7K −$12.60/SF
NOI
$16.7K $15.41/SF
Area
Placer County, CA
Vacancy
5.50%
Lease Rate
$29.64 /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%
$333,680
Cap Rate 7%
$238,343
Cap Rate 9%
$185,378
Alternative Uses
Best Use
Apartment 5plus
$238.3K
$208.6K – $278.1K
NOI $16,684 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$419.3K
$366.9K – $489.1K
NOI $29,348 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Explore this area
Business Placement
Demographics for 95650, CA
13,446
Population
5,234
Households
2.6
Avg Household Size
46
Median Age
46%
College-Educated
97%
High-School Grad
22.9 sq mi
ZIP Area
587
Density / Sq Mi
$137,263
Median Household Income
$80,446
Median Earnings
$1,826
Median Rent
$783,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath residence with refreshed interiors, exterior paint, roofing, gutters, and walk-in closets in both bedrooms.
Where is this residential income property located?
The property is located at 3515 Laird Street Loomis, CA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residential income property; 1,083 square feet; built in 1986; Updated floors, ceilings, roofing, gutters, and interior and exterior paint
