Renovated 8-Unit Apartment
For Sale
$1,250,000
5372 Garfield Ave, Sacramento, CA 95841
Two fully updated buildings offer modern finishes, private outdoor areas, and in-unit laundry in the larger residence.
Property Size3,684 SF
Price / SF$339.31
Days on Market53
Property Features for 5372 Garfield Ave
General Information
Standard status
Active
Size
3,684 SF
Property subtype
Multi-Family
Building Details
Year Built
1969
Listing Agency:
eXp Realty of California Inc.
Listed By:
Amir Cackovic · License #01484623
(916) 601-5245
Source:
Yoffierealestategroup
Added: Aug 23
Changed: Oct 3
Last Checked: Oct 7 at 12:54PM
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 eXp Realty of California Inc.
Investment Insights
Based on property information with market context.
The offering comprises two apartment buildings at 5364 and 5372 Garfield Ave, purchased together, with eight residences in total. The unit mix includes one 3-bedroom, 2-bath home measuring 1,250 square feet and seven 2-bedroom, 1-bath apartments. The 3-bedroom unit includes in-unit laundry, while each 2-bedroom residence has either a large balcony or a fenced patio.
Every apartment was remodeled in 2022 with Anlin windows, vinyl plank flooring, marble kitchen backsplashes, and updated appliances. Bathrooms feature Moen fixtures, Kohler cast iron tubs, quartz countertops, and tile finishes. The buildings also have a newer roof, and the landscaped grounds incorporate river rocks, olive and lemon trees, and synthetic grass.
The property is located in Sacramento near Carmichael and within the San Juan School District. Nearby context includes parks, schools, shopping, and dining. All tenants recently renewed their leases, and the property carries a 4.7% cap rate.
Every apartment was remodeled in 2022 with Anlin windows, vinyl plank flooring, marble kitchen backsplashes, and updated appliances. Bathrooms feature Moen fixtures, Kohler cast iron tubs, quartz countertops, and tile finishes. The buildings also have a newer roof, and the landscaped grounds incorporate river rocks, olive and lemon trees, and synthetic grass.
The property is located in Sacramento near Carmichael and within the San Juan School District. Nearby context includes parks, schools, shopping, and dining. All tenants recently renewed their leases, and the property carries a 4.7% cap rate.
Key Highlights
- Two 4‑unit apartment buildings offered together at 5364 & 5372 Garfield Ave
- Eight total units: one 3‑bedroom, 2‑bath residence and seven 2‑bedroom, 1‑bath units
- The 3‑bedroom unit measures 1,250 sf and includes in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,868
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,360
$1.2M
Cap Rate 7%
$826,686
$826.7K
Cap Rate 9%
$642,978
$643.0K
Market Conditions
NOI Build-Up for 3,684 SF
Gross rent
$110.5K $30.00/SF
− Vacancy
−$5.3K −$1.44/SF
EGI
$105.2K $28.56/SF
− OpEx
−$47.3K −$12.85/SF
NOI
$57.9K $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%
$1,157,360
Cap Rate 7%
$826,686
Cap Rate 9%
$642,978
Alternative Uses
Best Use
Apartment 5plus
$826.7K
$723.4K – $964.5K
NOI $57,868 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$989.9K
$866.2K – $1.15M
NOI $69,296 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,154
Businesses Nearby
Explore this area
Business Placement
Demographics for 95841, CA
21,873
Population
8,817
Households
2.5
Avg Household Size
36
Median Age
27%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
5,608
Density / Sq Mi
$62,305
Median Household Income
$40,388
Median Earnings
$1,577
Median Rent
$414,200
Median Home Value
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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?
Apartment building - Two fully updated buildings offer modern finishes, private outdoor areas, and in-unit laundry in the larger residence.
Where is this apartment building located?
The property is located at 5372 Garfield Ave Sacramento, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two 4‑unit apartment buildings offered together at 5364 & 5372 Garfield Ave; Eight total units: one 3‑bedroom, 2‑bath residence and seven 2‑bedroom, 1‑bath units; The 3‑bedroom unit measures 1,250 sf and includes in‑unit laundry
