3309 1st Ave Sacramento, CA 95817-2060

Property Details for 3309 1st Ave

Year built

1950

Construction

WOOD

Lot size

0.14 lot acres

Property size

3,978 SF

Zone code

RMX

Property type

Apartment buildings

APN

010-0311-018-0000

APU

1003110180000

Description

This exceptional 8-unit apartment building, located at 3309 1st Avenue in Sacramento, CA 95817, presents a compelling investment opportunity. Built in 1950, this two-story, Class B property boasts 3,928 square feet of net rentable space, currently enjoying 100% occupancy. Each of the eight units offers approximately 491 square feet of living space, featuring one bedroom and one bathroom. The property features a pitched shingle composition roof, stucco/wood siding, and the majority of windows are dual-pane. Electrical panels have been updated, and each unit includes wall heat and air units. On-site laundry facilities add to the convenience for residents. Situated on a 0.14-acre lot, the property is zoned for multifamily use and is conveniently located in the popular Triangle District of North Oak Park. Its prime location offers easy access to numerous amenities, including coffee shops, restaurants, McGeorge School of Law, UC Davis Medical Center, and the Aggie Square Innovation Hub. Major freeways (Highway 50, Highway 99, and Business Loop 80) are also readily accessible. The property benefits from its proximity to significant ongoing developments, including the Aggie Square Innovation Hub and the Railyards redevelopment project, which promises to further enhance the area's desirability and property values. The asking price is $1,299,999, representing $162,499.88 per unit and $330.96 per square foot. The property is offered fee simple and is suitable for a 1031 exchange. Drive-by viewing only

Location Insight

City

Sacramento

County

Sacramento

State

California

Longitude

-121.47

Latitude

38.5546

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments