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Madrone Ave West Sacramento, CA 95691

Sponsored
For Sale
$10,495,000

West Sacramento multifamily investment opportunity.

Property size:
32,566 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a portfolio of nineteen duplex properties, totaling 38 units, situated in the thriving West Sacramento, CA market (95691). The portfolio boasts a total of 32,566 square feet of net rentable space, currently achieving 100% occupancy. Each unit features two bedrooms and one bathroom, with an average size of 849 square feet, including a 231 square foot one-car garage and fenced backyard. Built in 1951, these well-maintained properties are situated on level lots and are zoned R1A or R-2. The portfolio is offered at $10,495,000, representing a price per unit of $276,184.21 and a price per square foot of $322.27. The current stabilized cap rate is 4.95%, yielding a net operating income (NOI) of $519,525. This represents a compelling investment opportunity in a rapidly growing area, offering proximity to downtown Sacramento, the Bridge District's dining and entertainment, excellent schools, and easy access to major highways. The properties are priced below appraised value, making this a particularly attractive acquisition. The asking price is net to the seller.

Property Features for 0 Madrone Ave

General Information

Property type
Multifamily properties
Square Feet
32,566 SF

Building Details

Year Built
1951
Buildings
19
Units
38

HighLights

  • Portfolio of 19 duplex properties.
  • Each unit features two bedrooms and one bathroom.
  • Units offer 849 square feet of living space.
  • Properties situated on level lots.
  • Includes a 231‑square‑foot, one‑car garage per unit.
  • Each unit boasts a fenced backyard.
Property Profile Location Intelligence

Current Use by Public Records

Residential income homes

Map

City
West Sacramento
County
Yolo
State
California
Longitude
-121.5307296
Latitude
38.581498

FAQs

What type of property is this?
Multifamily property - West Sacramento multifamily investment opportunity.
Where is this multifamily property located?
The property is located at Madrone Ave West Sacramento, CA.
What is the asking price?
The asking price for this property is $10,495,000.
What are key features of this property?
This property features: Portfolio of 19 duplex properties.; Each unit features two bedrooms and one bathroom.; Units offer 849 square feet of living space.
More about this property
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