$1,125,000
$1,025,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
0.52 Acres Lot
SOLD DATE : 04/22/2024
Key Details
Sold Price $1,125,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 224022180
Sold Date 04/22/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1964
Lot Size 0.524 Acres
Acres 0.524
Property Description
Introducing 413 Harbor Blvd, West Sacramento, CAan 8-unit apartment complex situated in a bustling employment area. Each unit features two bedrooms and one bath, offering comfortable living spaces for tenants. Fully leased, this property offers a compelling investment prospect with rents approximately 30% below market. Strategically positioned, it presents an excellent opportunity for investors seeking to optimize returns through rent adjustments and enhanced property management efficiency. Whether for a 1031 exchange or to bolster an existing portfolio, this property holds promise for value appreciation and long-term success in the competitive West Sacramento real estate market. The city's ongoing development initiatives and proximity to major employment centers make it an attractive destination for both residents and investors alike.
Location
State CA
County Yolo
Area 10691
Direction I-80 East to Harbor Blvd. North to 413. **Do not disturb tenants.**
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s), Wall Unit(s)
Flooring Carpet
Laundry Other
Exterior
Garage Open, Uncovered, Guest Parking Available
Utilities Available City
Water Access Desc Public
Roof Type Composition
Topography Level
Total Parking Spaces 21
Building
Lot Description Other
Story 2
Foundation ConcretePerimeter
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Washington Unified
Middle Schools Washington Unified
High Schools Washington Unified
School District Yolo
Others
Senior Community No
Tax ID 008-082-036-000
Special Listing Condition None
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Bought with Nick Sadek Sotheby's International Realty
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Realtors | Lic# 01985645