Multifamily Property with Good
For Sale
Contact for pricing
6006-6012 Martin Luther King Jr Blvd, Sacramento, CA 95824
14-unit multifamily property with good cash flow and high occupancy.
Property Size10,215 SF
Price / SF$230.05
Days on Market168
Property Features for 6006-6012 Martin Luther King Jr Blvd
General Information
Standard status
Active
Size
10,215 SF
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$124,965
Site & Location
Neighborhood
Preservation Sacramento
Building Details
Year Built
1957
Units
14
Listing Agency:
Arriaga Real Estate
Listed By:
Frankie Thornton · License #CA 01250086
(916) 205-5204
Source:
Crexi
Added: May 9
Changed: Oct 1
Last Checked: Oct 23 at 7:04AM
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 Arriaga Real Estate
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Investment Insights
Based on property information with market context.
This multifamily property features 14 units and is currently 100% occupied, offering good cash flow. The exterior has been freshly painted, and repairs have been completed. Electrical systems have been updated, and most units have been renovated. Parking is available on the property and on the street. The property is located within one mile of local shopping, schools, freeways, and transportation options. The building has a total size of 10215 square feet.
Key Highlights
- Good cash flow
- 100% occupied
- Updated electrical
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,457
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,209,140
$3.2M
Cap Rate 7%
$2,292,243
$2.3M
Cap Rate 9%
$1,782,856
$1.8M
Market Conditions
NOI Build-Up for 10,215 SF
Gross rent
$306.5K $30.00/SF
− Vacancy
−$14.7K −$1.44/SF
EGI
$291.7K $28.56/SF
− OpEx
−$131.3K −$12.85/SF
NOI
$160.5K $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%
$3,209,140
Cap Rate 7%
$2,292,243
Cap Rate 9%
$1,782,856
Alternative Uses
Best Use
Apartment 5plus
$2.29M
$2.01M – $2.67M
NOI $160,457 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.74M
$2.40M – $3.20M
NOI $192,144 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
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Business Placement
Demographics for 95824, CA
31,524
Population
9,686
Households
3.3
Avg Household Size
33
Median Age
12%
College-Educated
69%
High-School Grad
4.0 sq mi
ZIP Area
7,881
Density / Sq Mi
$53,938
Median Household Income
$32,435
Median Earnings
$1,392
Median Rent
$322,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 14-unit multifamily property with good cash flow and high occupancy.
Where is this apartment building located?
The property is located at 6006-6012 Martin Luther King Jr Blvd Sacramento, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Good cash flow; 100% occupied; Updated electrical
