Multifamily Property with Good
6006-6012 Martin Luther King Jr Blvd Sacramento, CA 95824
6006-6012 Martin Luther King Jr Blvd, Sacramento, CA, 95824
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For Sale
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14-unit multifamily property with good cash flow and high occupancy.
Property Size10,215 SF
Price / SF$230.05
Days on Market73
Property Features for 6006-6012 Martin Luther King Jr Blvd
General Information
- Standard status
- Active
- Size
- 10,215 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1957
Listing Agency
Arriaga Real Estate
Listed by
Frankie Thornton · License #CA 01250086
Source
Crexi
Added: May 9 Checked: Jul 19 at 5:38 am
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
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $306.5k | $30.00 |
| − Vacancy | −$14.7k | −$1.44 |
| EGI | $291.7k | $28.56 |
| − OpEx | −$131.3k | −$12.85 |
| NOI | $160.5k | $15.71 |
10,215 SF · lease $30.00/SF/yr · vacancy 4.80% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
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
