Arcade Apartments | 3539 Edison Ave
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Arcade Apartments 3539 Edison Ave
16 Unit Block of Flats £1,659,021 (£103,689/Unit) 5.10% Net Initial Yield Sacramento, CA 95821
Investment Highlights
- Continuous ownership for 9+ years.
- Minutes to transportation & the Light Rail System.
- Excellent location.
- Many building improvements & upgrades have been completed.
Executive Summary
Built in 1956, this 16-unit apartment building (The Arcade Apartments) is located at 3539 Edison Avenue, Sacramento California. The apartment complex is conveniently located just blocks away from interstate 80 and the Sacramento Light Rail System, which places residents in close proximity to many Neighborhood shopping conveniences: Starbucks Coffee, Haggin Oaks Golf Complex, Sacramento Softball Complex, Del Paso Park, and a Walmart Supercenter.
The owner has made many building improvements since 2015 including: a termite clearance in 2015; new boiler; plumbing upgrades; new front and rear exterior staircases; new front piers, posts and decking. Many units have been renovated, freshly painted, and have new appliances.
The owner has made many building improvements since 2015 including: a termite clearance in 2015; new boiler; plumbing upgrades; new front and rear exterior staircases; new front piers, posts and decking. Many units have been renovated, freshly painted, and have new appliances.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,659,021 | Apartment Style | Low Rise |
| Price Per Unit | £103,689 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Net Initial Yield | 5.10% | Building Size | 9,156 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 94% |
| Gross Rent Multiplier | 9.93 | Number of Floors | 2 |
| No. Units | 16 | Year Built/Renovated | 1965/2015 |
| Property Type | Residential | Parking Ratio | 2.18/1,000 SF |
| Property Subtype | Apartment |
| Price | £1,659,021 |
| Price Per Unit | £103,689 |
| Sale Type | Investment |
| Net Initial Yield | 5.10% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 9.93 |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 9,156 SF |
| Average Occupancy | 94% |
| Number of Floors | 2 |
| Year Built/Renovated | 1965/2015 |
| Parking Ratio | 2.18/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 16 | £1,086 | 575 |
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Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 255-0031-016 | Total Assessment | £899,910 |
| Land Assessment | £148,743 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £751,167 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
255-0031-016
Land Assessment
£148,743
Improvements Assessment
£751,167
Total Assessment
£899,910
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | RD30, Sacramento (Residential) |
| RD30, Sacramento (Residential) |
-
Kevin Brown -
Brown Commercial
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Arcade Apartments | 3539 Edison Ave
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