INVESTOR'S FANTASY An exceptional opportunity emerges to acquire property lining Marconi Ave with C-2 Commercial zoning

Boasting the potential for subsequent commercial development. There is also the potential to enhance rental income upto $250, 000 by adding Additional Dwelling Units (ADUs ) on each lot, leveraging the CalHFA grant f up to $40, 000 for ADU pre-development. This portfolio is strategically situated within the Opportunity Zone - tax deferral program for capital gain and enjoys a substantial average daily traffic (ADT) of 26, 926 vehicles along Marconi Ave.

In reference to other listings, the portfolio encompasses 8 residential units(4 SFR, 2 DUPLEXES) dispersed across 6 lots. These properties are identified as 2117, 2121, 2125, 2129, 2133, 2137 Marconi Avenue, Sacramento. The portfolio generates income through the rental of 1 Commercial Sign Board. Altogether, these properties, including the Sign Board, yield a gross rental income of $150, 000.00. Refer to the attached offering memorandum.

Request Information
on 2129 Marconi Ave
in Sacramento, CA
Presented by Muhammad Chaudhary at
Keller Williams Realty.


Property MLS #223082504 from MetroList

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 4

+ Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

+ Heating and Cooling

Heating Features: Electric

+ Kitchen and Dining

Dining Room Features: Space in Kitchen
Kitchen Features: Breakfast Area

+ Interior Features

Flooring: Carpet, Laminate

+ Land Info

Lot Description: Shape Regular, Street Lights
Lot Dimensions Source: Acres
Lot Size Acres: 0.1600092
Lot Size Source: Assessor Auto-Fill
Topography: Level, Level
Lot Size Square Feet: 6970

+ Exterior and Lot Features

Road Responsibility: Public Maintained Road

+ Garage and Parking

Parking Features: No Garage

+ Rental Info

Existing Lease Type: Net

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ School Information

Elementary School District: San Juan Unified
High School District: San Juan Unified
Middle or Junior School District: San Juan Unified
+ Display Complete School Details

Dyer-Kelly Elementary School is a public elementary school located approximately 0.4 miles away.
Map directions

Encina Preparatory High School is a public middle and high school located approximately 1.8 miles away.
Map directions

St. Philomene is a private elementary and middle school located approximately 0.7 miles away.
Map directions

+ Other Property Info

City Region: Sacramento
Source Listing Status: Active
County: Sacramento
Cross Street: Howe Ave
Directions: I-80 Business North, Take exit at Marconi Avenue East, Property Address will be on the Left after passing one signal.
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
Distance To Bus Comments: On Transit Line
Source Property Type: Residential
Distance To Shopping Comments: On Street
Area: 10821
Source Neighborhood: 10821
Parcel Number: 266-0170-024-0000
Zoning Description: C-2
Property Subtype: 2 Houses on Lot
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2023	$171,666 + $78,030 $249,696	$3,141
2022	$168,300 + $76,500 $244,800	$3,120
2021	$66,114 + $48,711 $114,825	$1,548
2020	$65,437 + $48,212 $113,649	$1,517
2019	$64,154 + $47,267 $111,421	$1,487
2018	$62,897 + $46,341 $109,238	$1,466
2017	$61,664 + $45,433 $107,097	$1,451
2016	$60,455 + $44,543 $104,998	$1,360
2015	$59,547 + $43,874 $103,421	$1,335
2014	$58,381 + $43,015 $101,396	$1,311
2013	$58,118 + $42,821 $100,939	$1,304
2012	$56,979 + $41,982 $98,961	$1,217
2011	$55,862 + $41,159 $97,021	$1,189
2010	$55,445 + $40,852 $96,297	$1,156
2009	$55,577 + $40,950 $96,527	$1,148
2008	$54,488 + $40,148 $94,636	$1,126
2007	$53,420 + $39,361 $92,781	$1,101

+ Reveal Property Sale History

Price Changed 2023-10-12
$425,000
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Listed 2023-08-26
$435,000
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Listed 2021-03-26
$240,000
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Sold 2021-03-23
$240,000
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Relisted 2021-03-12
$240,000
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Listing removed 2021-03-06
$240,000
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Relisted 2021-02-23
$240,000
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Listing removed 2021-02-21
$240,000
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Relisted 2021-02-09
$240,000
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Listing removed 2021-02-01
$240,000
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Relisted 2020-11-24
$240,000
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Listing removed 2020-11-21
$240,000
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Listed 2020-11-14
$240,000
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Listing removed 2019-06-24
$259,000
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Listing removed 2019-06-14
$0
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Listed 2019-04-11
$259,000
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Listing removed 2019-02-05
$269,000
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Listing removed 2018-10-02
$269,000
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Listed 2018-04-02
$269,000
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Listing removed 2017-09-18
$259,000
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Listing removed 2017-09-18
$265,000
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Price Changed 2017-08-10
$259,000
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Listed 2017-05-02
$265,000
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Listed 2017-05-02
$265,000
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Sold 2000-11-27
$82,500
Public Record

+ Farm Info

Irrigation Source: Public District

+ Building and Construction

Total Square Feet Living: 1452
Year Built: 1940
Construction Materials: Frame
Foundation Details: Raised
Levels: One
Living Area Source: Owner
Property Age: 84
Roof: Composition
Structure Type: Detached
House Style: Traditional
Architectural Style: Traditional

+ Utilities

Sewer: Public Sewer
Public
Water Source: Public