Duplex With Private
New
For Sale
$475,000
3620 Elkhorn Boulevard, North Highlands, CA 95660
Two-unit property with separate one-car garages, covered patios, and private rear outdoor areas.
Property Size1,614 SF
Price / SF$294.30
Days on Market7
Property Features for 3620 Elkhorn Boulevard
General Information
Standard status
Active
Size
1,614 SF
Total Parking Spaces
2
Property subtype
Multi Family
Occupancy
100%
Property Condition
Severity
Minor
Evidence
light fixer
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Amenities
covered rear patios
large private backyards
Building Details
Year Built
1958
Listing Agency:
LPT Realty, Inc
(916) 730-3846
Listed By:
Ron Benning · License #01058898
(916) 730-3846
Source:
Exitrealty
Added: Aug 14
Changed: Aug 20
Last Checked: Aug 20 at 5:22AM
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 LPT Realty, Inc
Investment Insights
Based on property information with market context.
This North Highlands duplex contains 1,614 square feet and was built in 1958. Each residence offers two bedrooms, one bathroom, a separate one-car garage, a covered rear patio, and a large private backyard. One unit has been updated, while the second remains occupied by a long-term tenant.
A whole-house inspection and pest inspection have been completed, providing condition information for review. The property is located at 3620 Elkhorn Boulevard in North Highlands, California, within the Sacramento area. Its two-unit configuration combines existing occupancy with distinct outdoor space and garage accommodations for both residences.
A whole-house inspection and pest inspection have been completed, providing condition information for review. The property is located at 3620 Elkhorn Boulevard in North Highlands, California, within the Sacramento area. Its two-unit configuration combines existing occupancy with distinct outdoor space and garage accommodations for both residences.
Key Highlights
- 1,614‑square‑foot duplex built in 1958
- Both units feature 2 bedrooms and 1 bathroom
- Separate one‑car garage for each unit
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
$23,461
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
4.94%
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%
$469,220
$469.2K
Cap Rate 7%
$335,157
$335.2K
Cap Rate 9%
$260,678
$260.7K
Market Conditions
NOI Build-Up for 1,614 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
$35.8K $22.20/SF
− Vacancy
−$2.3K −$1.43/SF
EGI
$33.5K $20.77/SF
− OpEx
−$10.1K −$6.23/SF
NOI
$23.5K $14.54/SF
Area
Sacramento County, CA
Vacancy
6.46%
Lease Rate
$22.20 /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%
$469,220
Cap Rate 7%
$335,157
Cap Rate 9%
$260,678
Alternative Uses
Best Use
Multifamily LT 5
$335.2K
$293.3K – $391.0K
NOI $23,461 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$307.8K
$269.3K – $359.1K
NOI $21,544 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$430.0K
$376.2K – $501.6K
NOI $30,098 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 95660, CA
35,368
Population
11,433
Households
3.1
Avg Household Size
34
Median Age
11%
College-Educated
80%
High-School Grad
6.4 sq mi
ZIP Area
5,526
Density / Sq Mi
$66,957
Median Household Income
$36,426
Median Earnings
$1,650
Median Rent
$330,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate one-car garages, covered patios, and private rear outdoor areas.
Where is this duplex located?
The property is located at 3620 Elkhorn Boulevard North Highlands, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,614‑square‑foot duplex built in 1958; Both units feature 2 bedrooms and 1 bathroom; Separate one‑car garage for each unit
