3609 Myrtle Ave, North Highlands, CA 95660-5200
- Apartment buildings
- 24,336 SF
- 1.24 lot acres
Current Use by Public Records
- Glencoe / Apartment Complex
Property Details for 3609 Myrtle Ave
- Year built
- 1989
- Construction
- WOOD
- Lot size
- 1.24 lot acres
- Zone code
- RD-20
- Property type
- Apartment buildings
- APN
- 228-0251-026-0000
- APU
- 22802510260000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 20, 2025 | $3,770,000 | Vs Elite Properties LLC | 3609 Myrtle Properties | Grant Deed | $2.8M · Sofi Bank NA |
| Mar 15, 2018 | $2,620,000 | 3609 Myrtle Properties LLC | 93 Investment LLC | Grant Deed | $1.4M · Opus Bk |
| Jan 29, 2013 | $1,920,000 | 93 Investment LLC | Fong Family Trust | Grant Deed | — |
| Jun 20, 2003 | — | Fong,tr | Fong,tony K | Quit Claim Deed · related | — |
| Sep 8, 1989 | $1,350,000 | Fong Tony K T & | Independent Exch | Trustees Deed | $700k · World Savings & Loan |
| Feb 8, 1988 | $165,500 | Mcclellan Gr | Dunca | Grant Deed | — |
| — | — | Tony K T Fong | — | Deed Of Trust · related | $700k · World Savings & Loan |
| — | — | Tony Fong | — | Deed Of Trust · related | $206k · Jingying Zhao |
| — | — | 93 Investment LLC | — | Deed Of Trust · related | $836k · East West Bank |
| — | — | Fong,tr | — | Deed Of Trust · related | $625k · World Savings Bank |
| — | — | Fong Family Trust | — | Deed Of Trust · related | $800k · Hsbc Bank USA |
Description
This exceptional 26-unit apartment building in North Highlands, CA presents a compelling value-add opportunity. The property, situated on 1.24 acres, comprises two two-story buildings constructed in 1989. All 26 units boast a rare and desirable 2-bedroom, 2-bathroom layout, averaging 900 square feet each, and include washer/dryer hookups. The property's strong pro-forma cap rate of 6.33% is further enhanced by the potential for increased net operating income (NOI) through loss-to-lease capture and the implementation of RUBS (rent utility billing system). The convenient location near American River College, Walmart Supercenter, McClellan Industrial Park and Airport, Mercy San Juan Medical Center, and major freeways (I-80 and Capital City Freeway) provides excellent access to employment centers, shopping, and entertainment throughout Sacramento, including Roseville, Arden, Downtown, Natomas, and Sacramento International Airport. The property is zoned RD-20 and features a designated carport. With a total net rentable area of 24,336 square feet, the asking price is $4,679,947, translating to $192 per square foot and $179,999 per unit. This property offers a unique blend of strong current performance and significant upside potential for a savvy investor. The APN is 228-0251-026.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,465,000
Market price range: $784k - $3.45M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- North Highlands
- County
- Sacramento
- State
- California
- Longitude
- -121.38
- Latitude
- 38.6545
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
