Sold

717 Lampasas Ave, Sacramento, CA 95815

Sqft
7,136

View property features, location on map, relevant school information and overview from seller's agent.

Listed byReal E-State
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Overview

Strategically priced for a quick sale with strong upside, this welllocated multifamily property is located in an Opportunity Zone! 717 Lampasas Avenue features 8 fully remodeled units across two separate 4-plex buildings, each with 2 bed / 1 bath units. All interiors have been upgraded with luxury vinyl plank flooring, new appliances, new doors, paint, and modern bathrooms. Dual-pane windows and fresh exterior paint complete the improvements. The buildings sit on a spacious half-acre lot with potential for future development access from Traction Ave may allow for additional units or ADUs (buyer to verify). Pro forma rents of nearly $150K/year, 7.2% CAP, and 8.8 GRM offer strong returns. Property is fully occupied, with 16 parking spaces, separate water meters per building, and a newer roof (2012). Gated for privacy and security. Located minutes from downtown Sacramento, shopping, parks, and transit. Possibility to subdivide and resell as two 4-plexes for added flexibility. Ideal for investors seeking immediate cash flow with long-term upside in one of Sacramento's most promising redevelopment corridors. Priced to sell motivated seller!

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
7,136
Lot size (acres)
0.52
Year built
1963

Utilities

Heating
Wall Furnace
Water
Public Water

Public schools

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Sourced from: Bay East Association of REALTORS MLS®#: ML82031283 Last checked:

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