Spanish-Style Duplex with Private
For Sale
$1,100,000
Pending
451 Santa Ynez Way, Sacramento, CA 95816
Two independent flats combine period character, updated systems, private outdoor areas, and flexible owner-occupant or rental use.
Property Size2,792 SF
Days on Market62
Property Features for 451 Santa Ynez Way
General Information
Standard status
Pending
Size
2,792 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
East Sacramento
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
basement
private terrace
fenced backyard
patio
storage shed
Building Details
Year Built
1939
Buildings
1
Stories
2
Construction
Spanish-style
Listing Agency:
Coldwell Banker Realty
Listed By:
Richard S. Cazneaux · License #01447558
(916) 212-4444
Source:
Sacramentoareahouses
Added: Aug 24
Changed: Oct 1
Last Checked: Oct 23 at 7:01AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This Spanish-style duplex, built in 1939, contains two separate 2-bedroom, 1-bath residences arranged on upper and lower levels. Each flat offers about 1,400 square feet with hardwood floors, high ceilings, fireplaces, built-in shelving, arched details, formal dining rooms, updated kitchens, separate laundry rooms, and an additional room suited to office or guest use. Vintage bathroom finishes and original architectural elements complement newer furnaces, air conditioning installed in both units in 2023, and ongoing electrical, lighting, and plumbing improvements. The property also includes an approximately 350-square-foot basement for storage or flexible use.
Located at 451 Santa Ynez Way in Sacramento, the property is a few blocks from McKinley Park. Mature trees, a fenced backyard, privacy hedge, orange tree, patio, storage shed, and gardening area provide established exterior amenities. The upstairs residence opens to a private tree-facing terrace, while two off-street parking spaces serve the property.
Located at 451 Santa Ynez Way in Sacramento, the property is a few blocks from McKinley Park. Mature trees, a fenced backyard, privacy hedge, orange tree, patio, storage shed, and gardening area provide established exterior amenities. The upstairs residence opens to a private tree-facing terrace, while two off-street parking spaces serve the property.
Key Highlights
- Two separate 2‑bedroom, 1‑bath flats with approximately 1,400 square feet per residence
- Approximately 350‑square‑foot basement provides additional storage or flexible‑use space
- New air conditioning installed for both flats in 2023; newer furnaces serve both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,650
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$953,000
$953.0K
Cap Rate 7%
$680,714
$680.7K
Cap Rate 9%
$529,444
$529.4K
Market Conditions
NOI Build-Up for 2,792 SF
Gross rent
$72.0K $25.80/SF
− Vacancy
−$4.0K −$1.42/SF
EGI
$68.1K $24.38/SF
− OpEx
−$20.4K −$7.31/SF
NOI
$47.7K $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 Rate 5%
$953,000
Cap Rate 7%
$680,714
Cap Rate 9%
$529,444
Alternative Uses
Best Use
Multifamily LT 5
$680.7K
$595.6K – $794.2K
NOI $47,650 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$626.5K
$548.2K – $731.0K
NOI $43,857 @ 7.0% cap · market cap 3.99%
Theoretical Best
Specialty Retail
$750.3K
$656.5K – $875.3K
NOI $52,518 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,447
Businesses Nearby
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Business Placement
Demographics for 95816, CA
18,606
Population
11,553
Households
1.6
Avg Household Size
36
Median Age
65%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
6,891
Density / Sq Mi
$90,521
Median Household Income
$61,407
Median Earnings
$1,647
Median Rent
$789,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two independent flats combine period character, updated systems, private outdoor areas, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 451 Santa Ynez Way Sacramento, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bath flats with approximately 1,400 square feet per residence; Approximately 350‑square‑foot basement provides additional storage or flexible‑use space; New air conditioning installed for both flats in 2023; newer furnaces serve both units
