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$1,299,000   Price Analysis
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724 Lampasas Ave
Sacramento, CA 95815
12 bed 4 bath 2,200 SqFt ($590/SqFt)
0.23 acre lot. Built 1964
Listed 2023-11-21, Taxes $12,694
Ⓧ USDA Ineligible
due to price & location

near Sacramento

We are pleased to present the opportunity to acquire this 10-unit multi-family property

* Sale Pending *

Features a mix of 8 one-bedroom/one-bathroom units and 2 two-bedroom/1-bathroom units, 7% Cap Rate, plenty of outside prking, laundry hookups, some unit have been renovated, Section 8 Vouchers i n over half the units Allowing For Guaranteed Income.

Offered at $140, 000/Unit. Close to Restaurants, Retailers, Schools and Downtown Sacramento. A Must See!


Presented by Frankie Thornton at
Arriaga Real Estate.


Property MLS #223107420 from MetroList

Bedrooms: 12

Laundry Features: Washer/Dryer Hookups

Cooling Features: Wall Unit(s)
Heating Features: Wall Furnace

Full Bathrooms: 4

Flooring: Tile, Laminate

Lot Description: Shape Regular, Sidewalk
Lot Dimensions Source: Acres
Lot Size Acres: 0.23
Lot Size Square Feet: 10019

Parking Features: Detached, Uncovered
Parking Total: 12

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of 1 Bedroom Units: 8
Number of 2 Bedroom Units: 2
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Total Rooms in Unit-1: 2
Unit-1 Square Feet: 550
Unit-2 Square Feet: 550
Unit-3 Square Feet: 550
Unit-4 Square Feet: 550
Unit 1 Total Actual Rent: 1180
Unit 2 Total Actual Rent: 1200
Unit 3 Total Actual Rent: 1200
Unit 4 Total Actual Rent: 1179

Elementary School District: Twin Rivers Unified
High School District: Twin Rivers Unified
Middle or Junior School District: Twin Rivers Unified

Martin Luther King Jr. Technology Academy is a public middle school located approximately 0.6 miles away.
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Northwood Elementary School is a public elementary school located approximately 0.7 miles away.
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Grant Union High School is a public high school located approximately 1.7 miles away.
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Nehemiah Christian Academy is a private elementary school located approximately 0.4 miles away.
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Income Includes: Rent Only
Number of Units Leased: 10

Fenced Yard
Source Listing Status: Pending Bring Backup
County: Sacramento
Cross Street: Evergreen
Directions: El Camino Ave to Evergreen to Lampasas Ave to Address.
Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Copyright 2024, MetroList Services, Inc. Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList MLS & Broker Participants of any
Source Property Type: Residential Income
Area: Sacto Arden-Arcade Creek/Vicinit
Source Neighborhood: 10815
Parcel Number: 263-0202-002-0000
Zoning: R2b
Property Subtype: Apartments
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$814,147 + $164,890
$979,037
$12,694
2021$798,184 + $161,657
$959,841
$12,627
2020$790,000 + $160,000
$950,000
$12,492
2019$525,297 + $95,508
$620,805
$8,738
2018$514,998 + $93,636
$608,634
$8,314
2017$504,900 + $91,800
$596,700
$8,495
2016$339,532 + $29,177
$368,709
$5,627
2015$334,432 + $28,739
$363,171
$5,335
2014$327,881 + $28,177
$356,058
$5,420
2013$173,021 + $24,467
$197,488
$3,432
2012$169,629 + $23,988
$193,617
$3,390
2011$166,303 + $23,518
$189,821
$3,271
2010$165,061 + $23,343
$188,404
$3,186
2009$165,454 + $23,399
$188,853
$3,121
2008$162,210 + $22,941
$185,151
$3,101
2007$159,030 + $22,492
$181,522
$2,859

Price Changed 2024-03-15
$1,299,000
MetroList
Price Changed 2024-02-29
$1,349,000
MetroList
Listed 2023-11-21
$1,399,900
MetroList
Sold 2019-12-03
$950,000
MetroList
Sold 2016-02-23
$585,000
MetroList
Listed 2016-01-05
$580,000
MetroList
Listing removed 2013-08-21
$599,000
MetroList
Price Changed 2013-07-05
$599,000
MetroList
Listed 2013-06-10
$645,000
MetroList
Sold 2012-05-29
$370,000
MetroList
Price Changed 2012-03-13
$379,900
MetroList
Listed 2011-12-31
$385,000
MetroList
Sold 2000-12-04
$178,000
Public Record
Sold 1980-12-31
$215,500
Public Record

Irrigation Source: Public District

Year Built: 1964
Construction Materials: Stucco, Wood
Foundation Details: Slab
Levels: Two
Property Age: 60
Roof: Roof Description:Composition
Levels or Stories: 2
Structure Type: 5 or More Units

Sewer: Sewer Connected
Natural Gas Connected
Water Source: Public

Security Features: Carbon Mon Detector, Fire Extinguisher, Smoke Detector
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.