4241 Sweetwater Ave Sacramento, CA 95820-5032

Property Details for 4241 Sweetwater Ave

Year built

1910

Construction

WOOD

Lot size

0.45 lot acres

Property size

4,815 SF

Zone code

RD-20

Property type

Garden apartment buildings

APN

022-0241-014-0000

APU

2202410140000

Description

This exceptional multifamily investment opportunity presents a stabilized, 5-unit apartment building located at 4241 Sweetwater Ave, Sacramento, CA 95820. The property comprises two buildings, totaling 4,815 square feet on a 19,602 square foot lot, zoned RD-20 for high-density multifamily residential use. Built in 1940, the property features a mix of units: a fourplex with four one-bedroom, one-bathroom apartments, and a separate single-family home, all currently at 100% occupancy. The current Net Operating Income (NOI) is $51,162, yielding a 5.69% cap rate. A pro-forma NOI of $59,974 projects a 6.67% cap rate, indicating significant upside potential through rental increases. The asking price is $899,000, or $179,800 per unit, and the price per square foot is $186.71. This property is an ideal entry-level investment into the Sacramento multifamily market, offering a strong cash flow and the potential for future appreciation. The property is suitable for a 1031 exchange. Several units are currently below market rent, presenting an immediate opportunity to increase revenue. The property is not subject to a ground lease. This is a compelling opportunity for investors seeking a stable, high-return investment in a desirable Sacramento location.

Location Insight

City

Sacramento

County

Sacramento

State

California

Longitude

-121.457

Latitude

38.5264

CBSA code

40900

CBSA name

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

Property Tax & Assessments