$2,375,000 Price Analysis    ♡   Sacramento, CA 95820 7 bed 0 bath unknown SqFt ($0/SqFt) 6,970SqFt lot. Built 1934 Listed 2024-01-19, Taxes $3,502 | Ⓧ USDA Ineligible due to price & location near Sacramento |
5650 Broadway is a 3-parcel value-add development opportunity located in the Tahoe Park neighborhood of Sacramento.
The Property currently features 3 residential units including a single-family residence on Broadway and a single-story duplex located behind the SRF, all of which are in exceptional condition. The three existing units are currently rented for a total of $8, 450 per month gross. The Property also represents significant upside n the underutilized land over its three contiguous parcels totaling .60 acres.
Existing preliminary architectural plans map the construction of eight additional units including one duplex (2 units) and 6 accessory dwelling units measuring 599 square feet to streamline the development process and minimize development fees for the project. The Property sits less than a mile from existing UC Davis medical facilities and Aggie Square, the state-of-the-art research and innovation center that is currently under construction. The project will bring thousands of highly-paid professionals to the neighborhood, many of which will seek well-located and upscale unit.
Presented by Jon Lang at
Ken Turton, Broker.
Property MLS #224004384 from MetroList
Heating Features: Central
Lot Dimensions Source: Acres
Lot Size Acres: 0.16
Lot Size Square Feet: 6970
Parking Features: Open
Parking Total: 11
Calculated Total Monthly Association Fees: 0
Number of 2 Bedroom Units: 2
Number of 3 Bedroom Units: 1
High School District: Sacramento Unified
Middle or Junior School District: Sacramento Unified
Map directions Map directions Map directions Map directionsNumber of Units Leased: 3
County: Sacramento
Directions: Located along Broadway between 56th and 58th Streets.
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: Sacramento Elder Creek/Fruitridg
Source Neighborhood: 10820
Parcel Number: 015-0061-007-0000
Postal Code Plus 4: 1710
Zoning: R-1-Single Family Residen
Property Subtype: Garden Apartments
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $154,000 + $130,000 $284,000 | $3,502 |
| 2021 | $30,351 + $13,133 $43,484 | $709 |
| 2020 | $30,040 + $12,999 $43,039 | $708 |
| 2019 | $29,451 + $12,745 $42,196 | $694 |
| 2018 | $28,874 + $12,496 $41,370 | $676 |
| 2017 | $28,308 + $12,251 $40,559 | $665 |
| 2016 | $27,753 + $12,011 $39,764 | $620 |
| 2015 | $27,337 + $11,831 $39,168 | $609 |
| 2014 | $26,803 + $11,603 $38,406 | $597 |
| 2013 | $26,682 + $11,551 $38,233 | $583 |
| 2012 | $26,159 + $11,325 $37,484 | $563 |
| 2011 | $25,647 + $11,103 $36,750 | $553 |
| 2010 | $25,456 + $11,021 $36,477 | $543 |
| 2009 | $25,517 + $11,048 $36,565 | $541 |
| 2008 | $25,017 + $10,832 $35,849 | $531 |
| 2007 | $24,527 + $10,620 $35,147 | $518 |
$2,375,000
MetroList
Sold 2021-08-30
$499,000
MetroList
Listed 2021-07-23
$499,000
MetroList
Construction Materials: Stucco, Wood
Foundation Details: Concrete
Property Age: 90
Levels or Stories: 2
Structure Type: 5 or More Units
Natural Gas Connected
Electric
Water Source: Public
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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.