717 Lampasas AVE, Sacramento, CA 95815 - MLS#ML82031283

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Eric Boyenga

Boyenga Team / Compass

e@boyenga.com +1(408) 506-3942

Listed by Alexey Blokhin • Real E-State

$ 1,295,000

Est. payment | -/mo

2 Beds

1 Bath

7,136 SqFt

Save

$ 1,295,000

Est. payment | -/mo

Save

2 Beds

1 Bath

7,136 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,136 sqft

Price per Sqft $181

MLS Listing ID ML82031283

Bedrooms 2

Full Baths 1

Year Built 1963

Lot Size 0.517 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

Strategically priced for a quick sale with strong upside, this welllocated multifamily property is located in an Opportunity Zone! 717 Lampasas Avenue features 8 fully remodeled units across two separate 4-plex buildings, each with 2 bed / 1 bath units. All interiors have been upgraded with luxury vinyl plank flooring, new appliances, new doors, paint, and modern bathrooms. Dual-pane windows and fresh exterior paint complete the improvements. The buildings sit on a spacious half-acre lot with potential for future development access from Traction Ave may allow for additional units or ADUs (buyer to verify). Pro forma rents of nearly $150K/year, 7.2% CAP, and 8.8 GRM offer strong returns. Property is fully occupied, with 16 parking spaces, separate water meters per building, and a newer roof (2012). Gated for privacy and security. Located minutes from downtown Sacramento, shopping, parks, and transit. Possibility to subdivide and resell as two 4-plexes for added flexibility. Ideal for investors seeking immediate cash flow with long-term upside in one of Sacramento's most promising redevelopment corridors. Priced to sell motivated seller!

Location

State CA

County Sacramento

Area Sacto Arden-Arcade Creek/Vicinity - 10815

Zoning R-2B

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Exterior

Parking Features Assigned Spaces

Garage Spaces 9.0

Utilities Available Public Utilities

Roof Type Composition

Building

Foundation Concrete Slab

Sewer Sewer Connected

Water Public

Others

Tax ID 263-0172-012-0000

Special Listing Condition Not Applicable

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

717 Lampasas AVE Sacramento, CA 95815