714 Darina Ave Sacramento, CA 95815

Property Details for 714 Darina Ave

Year built

1961

Construction

WOOD

Lot size

0.29 lot acres

Property size

10,382 SF

Zone code

C-2-SPD

Property type

Apartment buildings

APN

275-0053-026-0000

APU

27500530260000

Description

This exceptional multifamily investment property, located at 714-728 Darina Avenue in Sacramento, California, presents a compelling opportunity for discerning investors. The property consists of a 20-unit apartment building, each unit boasting a spacious one-bedroom, one-bathroom layout. Recently refreshed with fresh paint, the units offer a clean and inviting atmosphere. Each apartment includes appliances, and residents benefit from convenient on-site parking. The building encompasses 10,382 square feet on a 12,719 square foot lot, situated in the 95815 zip code of Sacramento County. The asking price is $2,850,000, translating to $142,500 per unit and $275 per square foot. Strong financial performance is indicated by a current cap rate of 5.19% and a pro-forma cap rate of 5.51%. This well-maintained property offers a blend of comfortable living spaces and attractive investment potential, making it an ideal addition to any portfolio. The property's location in Sacramento provides easy access to local amenities and transportation. This is a turnkey opportunity to acquire a stable, income-generating asset in a desirable market. The property's size and unit configuration make it an attractive option for both individual and institutional investors seeking a strong return on investment. The current market conditions and the property's strong performance metrics suggest a promising future for this multifamily asset.

Location Insight

City

Sacramento

County

Sacramento

State

California

Longitude

-121.45

Latitude

38.61

CBSA code

40900

CBSA name

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

Property Tax & Assessments