Two-Home Multifamily
For Sale
$389,000
665 Cedar Street, West Sacramento, CA 95691
Separate residences support owner occupancy, extended-family living, or leasing arrangements on a single parcel.
Property Size1,568 SF
Price / SF$248.09
Days on Market48
Property Features for 665 Cedar Street
General Information
Standard status
Active
Size
1,568 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1952
Buildings
2
Listing Agency:
Sterling Royal Real Estate
(916) 296-0421
Listed By:
Andres P. Farias · License #02084297
(916) 248-1332
Source:
Exitrealty
Added: Aug 30
Changed: Oct 1
Last Checked: Oct 1 at 10:04AM
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 Sterling Royal Real Estate
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Investment Insights
Based on property information with market context.
This multifamily property includes two separate residences on one lot. The primary home contains 3 bedrooms, 1 bathroom, and approximately 943 square feet of living space. The second residence provides 1 bedroom, 1 bathroom, and approximately 625 square feet, creating a distinct two-home configuration.
Located at 665 Cedar St in West Sacramento, the property is near Sutter Health Park, Downtown Sacramento, shopping, dining, and major amenities. The layout supports several documented occupancy approaches, including living in one residence while leasing the other, housing extended family, or leasing both homes.
Located at 665 Cedar St in West Sacramento, the property is near Sutter Health Park, Downtown Sacramento, shopping, dining, and major amenities. The layout supports several documented occupancy approaches, including living in one residence while leasing the other, housing extended family, or leasing both homes.
Key Highlights
- Two separate homes situated on one lot
- Main residence includes 3 bedrooms, 1 bathroom, and approximately 943 square feet
- Second home offers 1 bedroom, 1 bathroom, and approximately 625 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,407
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,140
$408.1K
Cap Rate 7%
$291,529
$291.5K
Cap Rate 9%
$226,744
$226.7K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$39.5K $25.20/SF
− Vacancy
−$2.4K −$1.54/SF
EGI
$37.1K $23.66/SF
− OpEx
−$16.7K −$10.65/SF
NOI
$20.4K $13.01/SF
Area
Yolo County, CA
Vacancy
6.10%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,140
Cap Rate 7%
$291,529
Cap Rate 9%
$226,744
Alternative Uses
Best Use
Apartment 5plus
$291.5K
$255.1K – $340.1K
NOI $20,407 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.1K
$370.2K – $493.6K
NOI $29,616 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Explore this area
Business Placement
Demographics for 95691, CA
39,849
Population
14,826
Households
2.7
Avg Household Size
37
Median Age
37%
College-Educated
89%
High-School Grad
39.0 sq mi
ZIP Area
1,022
Density / Sq Mi
$100,822
Median Household Income
$53,351
Median Earnings
$1,543
Median Rent
$532,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Separate residences support owner occupancy, extended-family living, or leasing arrangements on a single parcel.
Where is this multifamily property located?
The property is located at 665 Cedar Street West Sacramento, CA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two separate homes situated on one lot; Main residence includes 3 bedrooms, 1 bathroom, and approximately 943 square feet; Second home offers 1 bedroom, 1 bathroom, and approximately 625 square feet
