2687 Altos Avenue

Sacramento, CA 95815

$1,329,000
Price
Beds
Baths
5,824 Sq. Ft.
$228 / Sq. Ft.
5,824
Sq. Ft.
$228
per Sq. Ft.

Description

Fantastic investment opportunity. 1/3 Acre lot with room to grow and expand (SB 1211 just passed). 8 oversized units in two large 4plexes on one lot. 140k+ pro-forma rent. All units are 2 bed 1 bath, upgraded with some new kitchens, double pane windows. Passed all city inspections. 4 units vacant and 4 with market rate tenants. Property is in an Opportunity Zone providing tax incentives for investors. Please do not disturb occupants.Fantastic investment opportunity. 1/3 Acre lot with room to grow and expand (SB 1211 just passed). 8 oversized units in two large 4plexes on one lot. 140k+ pro-forma rent. All units are 2 bed 1 bath, upgraded with some new kitchens, double pane windows. Passed all city inspections. 4 units vacant and 4 with market rate tenants. Property is in an Opportunity Zone providing tax incentives for investors. Please do not disturb occupants.
  1. Listed by Alexey Blokhin • DRE #01771121 • Brokerage DRE #01771121 • Real E-State • 650-204-0443

Property Details for 2687 Altos Avenue

MLS City Name
SACRAMENTO
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 01/12/2025 11:10 AM

Property Details for 2687 Altos Avenue

StatusActive
MLS #ML81983343
Days on Compass110
Taxes$16,081 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1963
Lot Size0.31 AC / 13,504 SF
CountySacramento County

Building Information for 2687 Altos Avenue

Stories-Residences-Year Built1963Building Size-Lot Size0.31 AC / 13,504 SF

Property Information for 2687 Altos Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 5824
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Separate Electric
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: On Street, Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Sacto Arden-Arcade Creek/Vicinity - 10815
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 2687
  • Street Name: Altos
  • Street Suffix: Avenue
  • Area ID: 10815
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 5824
  • Structure SqFt Source: Assessor
  • Age: 61
Development Information
  • Zoning Detail: R-1
Location Information
  • Parcel Number: 263-0171-011-0000
  • County Name: Sacramento
  • City Name: SACRAMENTO
  • City Postal ID: 235
  • Postal Code: 95815
  • Elementary School District: 1317
  • High School District Text: Galt Joint Union High
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .31
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $16,081
  • Capitalization Rate: 6.52
  • Tenant Expenses: Utilities - Electric
  • Income Includes: None
  • Vacancy Factor: 5
Income / Expense Details
  • Expense Insurance: $5,705
  • Expense Landscape: $3,600
  • Expense Maintenance: $3,000
  • Expense Management: $6,000
  • Expense Trash: $6,000
  • Expenses Other: $1,000
  • Expenses Utility: $5,000
  • Expenses Total: $46,386
  • Operating Expenses Include: Utilities - Hot Water
  • Gross Rent Multiplier: 9.49
  • Income Annual Gross: $133,000
  • Income Annual Rental: $140,000
  • Income Gross Scheduled: $140,000
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2

Property History for 2687 Altos Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2687 Altos Avenue

Taxable ValueLand$163,200Additions$1,111,800Total$1,275,000
Tax Record2024$16,009 ($1,334 / month)
Home Facts
Total Finished SqFt5,824 SqFtAbove Grade Finished SqFt5,824 SqFtStories2Lot Size13,504 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningR-1CountySACRAMENTOAPN263-0171-011-0000

Schools near 2687 Altos Avenue

This home is within Twin Rivers Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 3 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Noralto Elementary School
PublicK to 6

Harmon Johnson Elementary School
Public3 to 6

Martin Luther King Jr. Technology Academy
Public7 to 8

Grant Union High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2687 Altos Avenue is for sale in Sacramento, CA 95815. This property was listed for sale on October 10, 2024 by Real E-State, it's currently listed at $1,329,000. It has been on the market for a total of 110 days and was last sold on July 6, 2022. This listing's school district is Twin Rivers Unified School District. Nearby schools include Noralto Elementary School, Harmon Johnson Elementary School and Martin Luther King Jr. Technology Academy. 2687 Altos Avenue is a 0-bed, 0-bath, 5,824 sqft built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real E-State, Alexey Blokhin, DRE #01771121

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.