420 cleveland AVE, Sacramento, CA 95833
420 cleveland AVE, Sacramento, CA 95833
420 cleveland AVE, Sacramento, CA 95833
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$1,000,000
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1,764 SqFt
Price Dropped by $150K

420 cleveland AVE Sacramento, CA 95833

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C Ray Brower

C Ray Brower

+1(209) 418-0238

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,764 sqft

Price per Sqft $566

Subdivision Gardenland

MLS Listing ID 226049388

HOA Y/N No

Year Built 1949

Lot Size 0.470 Acres

Acres 0.47

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

Rare 13-unit mixed-use income opportunity in Sacramento's Gardenland neighborhood, delivering immediate cash flow at a 6.88% cap rate. Priced at $1,150,000 ($88,462/unit) on a 0.47-acre corner lot. Diversified rent roll spans seven individually metered RV pads, four detached studios in a single-story four-plex, one cottage-studio, and one cottage-one-bedroom generating $134,400 in gross annual rental income. RV tenants pay their own electric (owner reads individual meters monthly and bills back) plus propane; city water, sewer, and garbage are included. The four-plex and cottages are wood-frame construction originally built in 1949. Central North Sacramento location 1.4 miles from Arden/Del Paso Station and within walking distance of Northgate Plaza; Walk Score 74, Bike Score 93. Quick access to I-5, I-80, and Downtown Sacramento; 11 miles to Sacramento International Airport. Twin Rivers Unified School District. Ideal for a 1031 exchange buyer seeking stabilized small-footprint cash flow with organic rent-growth potential. Contact listing agents for financials, rent roll, and tour scheduling.

Location

State CA

County Sacramento

Area 10833

Direction From I-5 N: Exit Garden Hwy/Richards Blvd, continue north on Garden Hwy approximately 2.5 miles, right on Peralta Ave into Gardenland, right on Cleveland Ave. Property on right, identified by CRI sign. From I-80 W: Exit Truxel Rd south, continue 1.2 miles, left on San Juan Rd, left on Peralta Ave, right on Cleveland Ave.

Rooms

Other Rooms Unit-1 Type: Studio Approx SqFt: 450 Full Baths: 1 Total Rooms: 2 Occupancy: Tenant Rent: 830 SqFt Source: Owner Unit-2 Type: Apartment Approx SqFt: 450 Full Baths: 1 Total Rooms: 2 Occupancy: Tenant Rent: 1050 SqFt Source: Owner Unit-3 Type: Apartment Approx SqFt: 500 Bedrooms: 1 Full Baths: 1 Occupancy: Tenant Rent: 1300 SqFt Source: Owner

Basement None

Interior

Heating Varies by Unit

Cooling Varies by Unit

Flooring Varies by Unit

Equipment None

Window Features Varies by Unit

Appliance Varies By Unit

Laundry Varies by Unit

Exterior

Exterior Feature Fenced Yard, Yard Space

Parking Features Open, Uncovered

Utilities Available Cable Available, Sewer Connected, Electric, Internet Available, Natural Gas Connected

Water Access Desc Public

View Varies by Unit

Roof Type Composition

Topography Level

Porch Covered Patio, Varies by Unit

Total Parking Spaces 13

Building

Lot Description Shape Irregular, Curbs/Gutters, Sidewalk, Landscape Front

Story 1

Foundation ConcretePerimeter, Raised

Sewer Public Sewer

Water Public

Architectural Style Ranch, Cottage

Level or Stories One

Schools

Elementary Schools Twin Rivers Unified

Middle Schools Twin Rivers Unified

High Schools Twin Rivers Unified

School District Sacramento

Others

Senior Community No

Tax ID 274-0132-015-0000

Space Rent $1,300

Special Listing Condition None

MetroList® Services, Inc
Listed by Commercial R.E. Investors, Inc

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I’ve had the pleasure of knowing C Ray now for years in both professional and personal relationships. C Ray has always exhibited a positive, professional outlook in all of our interactions, in a variety of situations. His ability to listen to our needs and wants, compare that with opportunities available on the market and show us appropriate properties, in our price range that met our vision. We are extremely excited about the home we chose and even though there were some challenges, both personal and professional in each of our lives, he stayed engaged with all parties and we closed the deal on time. You won’t go wrong if you partner with C Ray in the pursuit of finding your new home. His life experience and desire to fulfill your needs are always his first priority

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C Ray Brower

C Ray Brower

Broker Associate | License ID: 01969248

+1(209) 418-0238

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420 cleveland AVE