Remodeled Duplex with Attached
For Sale
$549,888
7320 Berna Way, Sacramento, CA 95823
Vacant, fully remodeled two-unit property with fireplaces, central HVAC, and attached garages on a quarter-acre lot.
Property Size1,975 SF
Lot Size0.25 Acres
Price / SF$278.42
Days on Market13
Property Features for 7320 Berna Way
General Information
Standard status
Active
Size
1,975 SF
Total Parking Spaces
2
Lot size
0.25 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,000
Amenities
fireplace
central HVAC
Building Details
Buildings
1
Listing Agency:
Excalibur Home and Mortgage
(408) 785-0515
Listed By:
Robert Dang · License #01397166
(408) 785-0515
Source:
Exprealty
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 30 at 6:39PM
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 Excalibur Home and Mortgage
Investment Insights
Based on property information with market context.
This vacant duplex has been remodeled throughout and is configured as two approximately 988-square-foot units. Each residence includes three bedrooms, one bathroom, a fireplace, central HVAC, and an attached one-car garage. Improvements include new kitchens, bathrooms, flooring, and interior paint. The property contains 1,975 square feet on a 0.25-acre lot.
The duplex is in the Bella Parkway area of South Sacramento, near local parks and within the Elk Grove Unified School District. Its two-unit layout and separate attached garages provide a practical residential income property configuration, while the existing vacancy allows for immediate occupancy or leasing.
The duplex is in the Bella Parkway area of South Sacramento, near local parks and within the Elk Grove Unified School District. Its two-unit layout and separate attached garages provide a practical residential income property configuration, while the existing vacancy allows for immediate occupancy or leasing.
Key Highlights
- Two‑unit duplex with 1,975 square feet
- Both units are ~988 sq ft with 3 bedrooms and 1 bathroom
- Fully vacant and remodeled with brand‑new kitchens, baths, flooring, and paint
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
$33,134
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
6.03%
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%
$662,680
$662.7K
Cap Rate 7%
$473,343
$473.3K
Cap Rate 9%
$368,156
$368.2K
Market Conditions
NOI Build-Up for 1,975 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
$50.2K $25.44/SF
− Vacancy
−$2.9K −$1.47/SF
EGI
$47.3K $23.97/SF
− OpEx
−$14.2K −$7.19/SF
NOI
$33.1K $16.78/SF
Area
ZIP 95823
Vacancy
5.79%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
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%
$662,680
Cap Rate 7%
$473,343
Cap Rate 9%
$368,156
Alternative Uses
Best Use
Multifamily LT 5
$473.3K
$414.2K – $552.2K
NOI $33,134 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$433.6K
$379.4K – $505.9K
NOI $30,355 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$1.12M
$981.7K – $1.31M
NOI $78,538 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
Explore this area
Business Placement
Demographics for 95823, CA
81,212
Population
25,465
Households
3.2
Avg Household Size
33
Median Age
16%
College-Educated
75%
High-School Grad
11.5 sq mi
ZIP Area
7,062
Density / Sq Mi
$63,701
Median Household Income
$34,582
Median Earnings
$1,533
Median Rent
$372,100
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?
Duplex - Vacant, fully remodeled two-unit property with fireplaces, central HVAC, and attached garages on a quarter-acre lot.
Where is this duplex located?
The property is located at 7320 Berna Way Sacramento, CA.
What is the asking price?
The asking price for this property is $549,888.
What are key features of this property?
This property features: Two‑unit duplex with 1,975 square feet; Both units are ~988 sq ft with 3 bedrooms and 1 bathroom; Fully vacant and remodeled with brand‑new kitchens, baths, flooring, and paint
