14-Unit Apartment
For Sale
$2,350,000
6012 Martin Luther King Jr Blvd, Sacramento, CA 95824
Fourteen occupied units include updated electrical service, recent repairs, and parking on and off the property.
Property Size10,215 SF
Price / SF$230.05
Days on Market413
Property Features for 6012 Martin Luther King Jr Blvd
General Information
Standard status
Active
Size
10,215 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
14
Building Details
Year Built
1957
Listing Agency:
Arriaga Real Estate
Listed By:
Frankie Thornton · License #01250086
(916) 799-9213
Source:
Thecentralvalleyhomesearch
Added: Jul 18, 2025
Changed: Aug 31
Last Checked: Aug 31 at 5:51PM
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.
Built in 1957, this 10,215-square-foot apartment property contains 14 units and is fully occupied. The building has undergone recent repairs and fresh interior painting, with updated electrical systems and improvements completed in most units.
The property is located at 6012 Martin Luther King Jr Blvd in Sacramento, California. On-site parking and off-street parking are available. Local shopping, schools, freeway access, and public transportation are all within one mile.
The property is located at 6012 Martin Luther King Jr Blvd in Sacramento, California. On-site parking and off-street parking are available. Local shopping, schools, freeway access, and public transportation are all within one mile.
Key Highlights
- 14 units with 100% occupancy
- 10,215‑square‑foot apartment property built in 1957
- Updated electrical systems and completed repairs
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
$160,457
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
6.83%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Lease Details
14
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen occupied units include updated electrical service, recent repairs, and parking on and off the property.
Where is this apartment building located?
The property is located at 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: 14 units with 100% occupancy; 10,215‑square‑foot apartment property built in 1957; Updated electrical systems and completed repairs
