3539 Edison Avenue

Sacramento, CA 95821

$2,100,000
Price
Beds
9,156 Sq. Ft.
$229 / Sq. Ft.
9,156
Sq. Ft.
$229
per Sq. Ft.

Description

Built in 1956, this 16-unit apartment building (The Arcade Apartments) is conveniently located just blocks away from interstate 80 and the Sacramento Light Rail System, which places residents in close proximity to many Neighborhood shopping conveniences: Starbucks Coffee, Haggin Oaks Golf Complex, Sacramento Softball Complex, Del Paso Park, and a Wallmart Supercenter. The owner has made many building improvements since 2015 including: a termite clearance in 2015; new boiler; plumbing upgrades; new...Built in 1956, this 16-unit apartment building (The Arcade Apartments) is conveniently located just blocks away from interstate 80 and the Sacramento Light Rail System, which places residents in close proximity to many Neighborhood shopping conveniences: Starbucks Coffee, Haggin Oaks Golf Complex, Sacramento Softball Complex, Del Paso Park, and a Wallmart Supercenter. The owner has made many building improvements since 2015 including: a termite clearance in 2015; new boiler; plumbing upgrades; new front and rear exterior staircases; new front piers, posts and decking. Many units have been renovated, freshly painted, and have new appliances. The Arden Arcade apartments offers investors the opportunity to immediately increase several rents to market upon vacancy.
  1. Listed by Kevin Brown • DRE #00644175 • Better Homes Realty

Property Details for 3539 Edison Avenue

City
SACRAMENTO
Dist Neighborhood Subdiv
Other
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Assigned Spaces, Spaces per Unit - 1, Parking Area
Total # Parking Spaces
20
LISTING UPDATED: 09/21/2024 01:19 AM

Property Details for 3539 Edison Avenue

StatusActive
MLS #41073210
Days on Compass98
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1956
Lot Size0.43 AC / 18,682 SF
CountySacramento County

Building Information for 3539 Edison Avenue

Stories-Residences16Year Built1956Building Size-Lot Size0.43 AC / 18,682 SF

Property Information for 3539 Edison Avenue

Features
Feature Details
  • Flooring: Carpet, Laminate, Linoleum
  • Laundry: Coin Operated, Dryer, Sink, Washer, Washer/Dryer Hookups
Utility Details
  • Cooling: Ceiling Fan(s), Window/Wall Unit(s)
  • Heating: Gas, Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA: No
  • HOA Amenities: None
Property Details
  • Additional Equipment: Water Heater Gas, Window Coverings, Carbon Mon Detector, Smoke Detector, Dish Antenna, Individual Electric Meter, Individual Gas Meter
  • Exterior: Wood Frame, Wood Siding
  • Lot Description: Level, Front Yard, Partial Fence
  • Lot Sq Ft Apx: 18682
  • Lot Size Square Feet: 18682.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 9156
  • Year Built: 1956
  • Zoning: RD30
Location Details
  • Directions to Property: i80 to Watt Ave to Edison
  • FIPS Code: 06067
  • New Subdivision: No
  • Census Tract: 032008
  • Parcel Number: 255-0031-016-000
  • Printed Neighborhood Rpt: Yes
  • Board ID: BAY EAST
Multi Family Information
General Details
  • All Units Have: Oven Range Free Standing, Refrigerator
  • Units Total: 16
  • Basement: None
  • Separate Meters: Electric, Gas
  • Tenant Pays: Cable TV, Electric, Gas
  • Financial Data Source: Broker, Estimated, Projected, Rental Agreement
Income / Expense Details
  • Operating Expenses: Electric, Gas, Insurance, Maintenance/Repair, Other, Property Tax/Assessments, Trash Removal, Utilities, Vacancy Factor, Water
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 16
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Dining Room: No
  • Unit # 1 Air Cond: Yes
  • Unit # 1 Fireplace: No
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Approx SqFt: 561
  • Unit # 1 Rent: 1,375
Building Details
  • Additional Features-Misc: None
  • Apx Lot Acres: 0
  • Inspection Reports Available: Building Plans, Preliminary Title Report, Rental/Lease Agreement, Seller Prop Questionnaire, Structural Pest Control
  • Managers Unit: #10
  • On Site Parking Description: Parking Area, Spaces - Assigned, Space Per Unit - 1, Uncovered Parking Space
  • Tot Ann Oper Exp: 104486.0
Income / Expense Details
  • Annual Exp Year: 2024
  • Annual Misc Income: $1,175
  • Annual Rent Income: $214,620
  • Annual Vacancy: 4292.0
  • Gross Operating Actual Income: $211,503
  • Gross Rent Multiplier: 9.93
  • Net Operating Income: $107,017
Other Financial Information
  • Cap Rate: 5.10
  • Existing Loan: None
  • First Balance: $0
  • Ocpnt Req 24 Hr: No
  • Other Loans: No
Additional Information
Additional Information
  • Fireplace: No

Property History for 3539 Edison 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 3539 Edison Avenue

Taxable ValueLand$188,521Additions$952,050Total$1,140,571
Tax Record2024$14,152 ($1,179 / month)
Home Facts
Total Finished SqFt9,156 SqFtAbove Grade Finished SqFt9,156 SqFtLot Size18,682 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningRD-30CountySACRAMENTOAPN255-0031-016-0000

Schools near 3539 Edison Avenue

This home is within San Juan Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Whitney Avenue Elementary School
PublicK to 5

Winston Churchill Middle School
Public6 to 8

Mira Loma High School
Public9 to 12

Arcade Fundamental Middle School
Public6 to 8

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.

Similar Homes

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3539 Edison Avenue is a multi-family home for sale in Sacramento, CA 95821. This property was listed for sale on September 14, 2024 by Better Homes Realty, it's currently listed at $2,100,000. It has been on the market for a total of 98 days and was last sold on November 21, 2014. This listing's school district is San Juan Unified School District. Nearby schools include Whitney Avenue Elementary School, Winston Churchill Middle School and Mira Loma High School. 3539 Edison Avenue is a 0-bed, 0-bath, 9,156 sqft multi-family home built in 1956.

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 Better Homes Realty, Kevin Brown, DRE #00644175

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.