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City View Terrace 2732 Rio Linda Blvd

26 Unit Block of Flats £3,077,100 (£118,350/Unit) 7.57% Net Initial Yield Sacramento, CA 95815

Investment Highlights

  • Gated Property with Security Cameras
  • New Perimeter Fence and Security Gate
  • $350,000 of Recent Capital Improvements - 70% of units renovated, new main water line, new asphalt pavement, exterior repairs and new paint
  • Onsite Office and Laundry Facility

Executive Summary

City View Terrace is 26 unit multifamily property located in Sacramento, CA. The property was built in 1960 and was extensively remodeled in 2022 -2023. Interior finishes include new kitchen cabinets, quartz countertops, stainless steel appliances, laminate flooring. New owner will benefit from low maintenance stabilized property with market rent in place.

Attachments

City View Terrace OM

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £318,601 £21.98
Other Income £1,393 £0.10
Vacancy Loss - -
Effective Gross Income £319,995 £22.07
Taxes £31,293 £2.16
Operating Expenses £55,640 £3.84
Total Expenses £86,933 £6.00
Net Operating Income £233,062 £16.08

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £318,601
Annual Per SF £21.98
Other Income
Annual £1,393
Annual Per SF £0.10
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £319,995
Annual Per SF £22.07
Taxes
Annual £31,293
Annual Per SF £2.16
Operating Expenses
Annual £55,640
Annual Per SF £3.84
Total Expenses
Annual £86,933
Annual Per SF £6.00
Net Operating Income
Annual £233,062
Annual Per SF £16.08

Property Facts

Price £3,077,100 Building Class C
Price Per Unit £118,350 Lot Size 0.71 AC
Sale Type Investment Building Size 14,496 SF
Net Initial Yield 7.57% Average Occupancy 96%
No. Units 26 Number of Floors 2
Property Type Residential Year Built/Renovated 1960/2023
Property Subtype Apartment Parking Ratio 1.79/1,000 SF
Apartment Style Garden Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £3,077,100
Price Per Unit £118,350
Sale Type Investment
Net Initial Yield 7.57%
No. Units 26
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.71 AC
Building Size 14,496 SF
Average Occupancy 96%
Number of Floors 2
Year Built/Renovated 1960/2023
Parking Ratio 1.79/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Refrigerator
  • Oven
  • Range

Site Amenities

  • Laundry Facilities
  • Gated

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 26 £1,065 558
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Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 265-0202-042 Total Assessment £2,544,714 (2024)
Land Assessment £361,185 (2024) Annual Taxes £31,293 (£2.16/sf)
Improvements Assessment £2,183,529 (2024) Tax Year 2023

PROPERTY TAXES

Parcel Number
265-0202-042
Land Assessment
£361,185 (2024)
Improvements Assessment
£2,183,529 (2024)
Total Assessment
£2,544,714 (2024)
Annual Taxes
£31,293 (£2.16/sf)
Tax Year
2023

zoning

Zoning Code R-2B (Multi-Family Residential 21 Units / Acre)
R-2B (Multi-Family Residential 21 Units / Acre)
  • Vladimir Logvinov
    Vladimir Logvinov
  • Newage Realty & Mortgage
(415) 724-4364

  • Listing ID: 30253779

  • Date on Market: 01/12/2023

  • Last Updated:

  • Address: 2732 Rio Linda Blvd, Sacramento, CA 95815

The North Natomas Residential Property at 2732 Rio Linda Blvd, Sacramento, CA 95815 is currently available. Contact Newage Realty & Mortgage for more information.

Nearby Listings

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2732 Rio Linda Blvd, Sacramento, CA for sale Building Photo- Image 1 of 8
exterior 1
2732 Rio Linda Blvd, Sacramento, CA for sale Interior Photo- Image 2 of 8
living room
2732 Rio Linda Blvd, Sacramento, CA for sale Interior Photo- Image 3 of 8
bathroom
2732 Rio Linda Blvd, Sacramento, CA for sale Interior Photo- Image 4 of 8
bedroom1
2732 Rio Linda Blvd, Sacramento, CA for sale Interior Photo- Image 5 of 8
bedroom2
2732 Rio Linda Blvd, Sacramento, CA for sale Interior Photo- Image 6 of 8
Interior Photo
2732 Rio Linda Blvd, Sacramento, CA for sale Plat Map- Image 7 of 8
Plat Map

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© 2024 CoStar Group

City View Terrace | 2732 Rio Linda Blvd
(415) 724-4364 x

City View Terrace | 2732 Rio Linda Blvd

Vladimir Logvinov

(415) 724-4364

(415) 724-4364

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