5001 37Th Ave Sacramento, CA 95824

Property Details for 5001 37Th Ave

Year built

1962

Property size

1,906 SF

Property type

Residential income homes

Property subtype

Apartment buildings

Description

This Sacramento duplex presents a compelling investment opportunity. Priced at $524,980, this property boasts two 2-bedroom, 1-bathroom units, each featuring a 1-car garage and private backyard. Both units are currently 100% occupied by long-term tenants (3+ and 6+ years) with a proven history of on-time rent payments, generating a substantial annual rental income of $32,160. Recent upgrades include a new roof (2018), updated kitchen cabinets and countertops in one unit (2019), and new water heaters in both units (2021). The property's prime location offers convenient access to UC Davis (25 minutes), Sacramento State University (10 minutes), freeway 99 (7 minutes), and local Asian markets and restaurants (5 minutes). The 1,906 square foot property sits on a lot with 6858 square feet and is zoned for duplex use. This property is well-suited for various investor profiles, including retirees, those seeking a live-in/rent-out situation near UC Davis, or those participating in a 1031 exchange (potential to combine with other properties for up to $1,025,000 value). The strong tenant history, recent renovations, and desirable location combine to create a promising investment with significant upside potential for rental income increases. Built in 1962, this single-story building presents a solid foundation for continued growth and profitability.

Location Insight

City

Sacramento

County

Sacramento

State

California

Longitude

-121.447

Latitude

38.5196