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5498 Carlson Dr
Sacramento, CA 95819 East Sacramento

$1,150,000

Apartments For Sale  •  3,600 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 3,600 Sq Ft
  • Lot Size 0.19 ac
  • Building Class C
  • Year Built 1960
  • Zoning R-3
35 Transit Score
52 Walk Score

Description

Marcus & Millichap is pleased to present 5498 Carlson Dr, located in Sacramento, CA. This quadraplex is situated on a .19-acre lot and is comprised of large two-bedroom/one-bathroom floorplans at approximately 900 sq ft each. The property features wall heat and air, on-site parking, security doors, and washer/dryer hookups. This is a great value-add potential for an investor through interior and exterior upgrades, which would allow new ownership to achieve rent growth north of 15% in the desirable East Sacramento Market.

Located in East Sacramento, the property benefits from a multitude of education, retail, and employment opportunities. Sacramento State university is less than .5 miles from the property putting potential student tenants in immediate walking distance. Founded in 1947 as Sacramento State is the 11th oldest school in the 23-campus California State University system and enrolls approximately 32,000 students annually. Downtown and Midtown Sacramento are only minutes away providing access to major employment centers such as Mercy General Hospital, Sutter General Hospital, CalPERS, UC Davis Med Center, and many other prominent regional employers within only a few miles.

**CAP RATE IS PRO FORMA

Highlights

Desirable East Sacramento Neighborhood
Value-Add Opportunity
Washer/Dryer Hookups
All 2-Bedroom Unit Floorplans
Walking distance to Sacramento State

Public Transportation

AirportDriveWalkDistance
Sacramento International Airport 27 min - 16.0 mi
Daniel Dabkoski 916-724-1306 Marcus & Millichap Inc
Daniel Dabkoski 916-724-1306 Marcus & Millichap Inc