717 Lampasas Avenue

Sacramento, CA 95815

$1,790,000
Price
Beds
7,136 Sq. Ft.
$251 / Sq. Ft.
7,136
Sq. Ft.
$251
per Sq. Ft.

Description

Fantastic investment opportunity. 8 oversized (approx. 850sq/ft each) units in two large 4plexes on one lot. Fully occupied, with over 146k in gross rent. Large (22,500) buildable lot with direct street access (behind two main structures). All units are 2 bed 1 bath, upgraded, with long term tenants. Each unit has a large main bedroom with walk-in closet. Property is in an Opportunity Zone providing tax incentives for investors.Fantastic investment opportunity. 8 oversized (approx. 850sq/ft each) units in two large 4plexes on one lot. Fully occupied, with over 146k in gross rent. Large (22,500) buildable lot with direct street access (behind two main structures). All units are 2 bed 1 bath, upgraded, with long term tenants. Each unit has a large main bedroom with walk-in closet. Property is in an Opportunity Zone providing tax incentives for investors.
  1. Listed by Alexey Blokhin • DRE #01771121 • Brokerage DRE #01771121 • Real E-State • 650-204-0443

Property Details for 717 Lampasas Avenue

MLS City Name
SACRAMENTO
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 09/18/2024 03:08 PM

Property Details for 717 Lampasas Avenue

StatusActive
MLS #ML81979795
Days on Compass10
Taxes$21,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1963
Lot Size0.52 AC / 22,500 SF
CountySacramento County

Building Information for 717 Lampasas Avenue

Stories-Residences-Year Built1963Building Size-Lot Size0.52 AC / 22,500 SF

Property Information for 717 Lampasas Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 7136
  • Pool: No
  • Security Features: Security Fence
  • Special Features: Parking
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Water
  • Sewer Septic: Sewer - Public, Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public, Water On Site
Carport and Parking
  • Carport Min: 8
Garage
  • Garage and Parking: Assigned Spaces
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: Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 717
  • Street Name: Lampasas
  • Street Suffix: Avenue
  • Area ID: 10815
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 7136
  • Structure SqFt Source: Assessor
  • Age: 61
Development Information
  • Zoning Detail: R-2B
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 263-0172-012-0000
  • County Name: Sacramento
  • City Name: SACRAMENTO
  • City Postal ID: 235
  • Postal Code: 95815
  • Elementary School District: 2154
  • High School District Text: Twin Rivers Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .52
  • 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: 8
General Information
  • Annual Tax Amount: $21,000
  • Capitalization Rate: 3.77
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas
  • Income Includes: None
  • Vacancy Factor: 5
Income / Expense Details
  • Expense Insurance: $16,800
  • Expense Landscape: $4,800
  • Expense Maintenance: $5,000
  • Expense Management: $12,000
  • Expense Trash: $10,450
  • Expenses Other: $0
  • Expenses Utility: $1,100
  • Expenses Total: $71,150
  • Operating Expenses Include: Insurance, Maintenance
  • Gross Rent Multiplier: 12.26
  • Income Annual Gross: $138,700
  • Income Annual Rental: $146,000
  • Income Gross Scheduled: $146,000
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2

Property History for 717 Lampasas 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 717 Lampasas Avenue

Taxable ValueLand$200,000Additions$1,460,000Total$1,660,000
Tax Record2023$21,113 ($1,759 / month)
Home Facts
Total Finished SqFt7,136 SqFtAbove Grade Finished SqFt7,136 SqFtStories2Lot Size22,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningR-2BCountySACRAMENTOAPN263-0172-012-0000

Schools near 717 Lampasas Avenue

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

Martin Luther King Jr. Technology Academy
Public7 to 8

Grant Union High School
Public9 to 12

Smythe Academy Of Arts And Sciences
CharterK 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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717 Lampasas Avenue is for sale in Sacramento, CA 95815. This property was listed for sale on September 10, 2024 by Real E-State, it's currently listed at $1,790,000. It has been on the market for a total of 10 days and was last sold on July 16, 2022. This listing's school district is Twin Rivers Unified School District. Nearby schools include Northwood Elementary School, Martin Luther King Jr. Technology Academy and Grant Union High School. 717 Lampasas Avenue is a 0-bed, 0-bath, 7,136 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.