3924 J St
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3924 J St
6 Unit Block of Flats £2,163,028 (£360,505/Unit) 4.50% Net Initial Yield Sacramento, CA 95819
INVESTMENT HIGHLIGHTS
- East Sacramento Fabulous Forties Location
- 6 Garages
- Laundry Hookups
- Duplex built in 2021
- Central Heat and Air
- Same owner operator since 1976
EXECUTIVE SUMMARY
3924-3926 J St is a 6 unit apartment building located in the prestigious fabulous forties neighborhood of East Sacramento. The property consists of a 4-plex in the front which are all large 2 bed 1 bath units with washer/dryer hookups and central heat and air. There is a newly constructed duplex in the back built in 2021. The duplex has a large 1,836 sq. ft 3 bed 2.5 bath unit and 2 bed 1.5 bath 736 sq. ft unit. The property has 6 total units with 6 garages. The 4plex had the roof replaced 3 years ago. This property has been owned by the same owner since 1976, showcasing its long-standing value and appeal. The building offers a rare chance to acquire a commercial building in a coveted East Sacramento neighborhood.
East Sacramento is one of the most highly sought-after submarkets in the greater Sacramento area. The subject property is situated the “Fabulous Forties” neighborhood and is 7 blocks away from the beautiful McKinley Park, both of which garnered national attention when spotlighted in the 2017 Oscar Nominated film, Ladybird. Mercy General Hospital is located directly across the street and the Sutter Medical Center, UC Davis Medical Center and Medical School, and Shriner’s Children's’ Hospital are within 1.1 miles away
East Sacramento is one of the most highly sought-after submarkets in the greater Sacramento area. The subject property is situated the “Fabulous Forties” neighborhood and is 7 blocks away from the beautiful McKinley Park, both of which garnered national attention when spotlighted in the 2017 Oscar Nominated film, Ladybird. Mercy General Hospital is located directly across the street and the Sutter Medical Center, UC Davis Medical Center and Medical School, and Shriner’s Children's’ Hospital are within 1.1 miles away
FINANCIAL SUMMARY (ACTUAL - 2023) 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 (ACTUAL - 2023) 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 | £2,163,028 | Apartment Style | Low-Rise |
| Price Per Unit | £360,505 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Net Initial Yield | 4.50% | Building Size | 8,801 SF |
| Gross Rent Multiplier | 14.7 | Average Occupancy | 100% |
| No. Units | 6 | Number of Floors | 2 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Parking Ratio | 0.86/1,000 SF |
| Price | £2,163,028 |
| Price Per Unit | £360,505 |
| Sale Type | Investment |
| Net Initial Yield | 4.50% |
| Gross Rent Multiplier | 14.7 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 8,801 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 2021 |
| Parking Ratio | 0.86/1,000 SF |
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2.5 | 1 | £2,704 | 1,836 |
| 2+1.5 | 1 | £2,395 | 1,736 |
| 2+1 | 4 | £1,727 | 1,000 - 1,100 |
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Walk Score®
Very Walkable (83)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 008-0134-004 | Total Assessment | £603,349 (2024) |
| Land Assessment | £46,681 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £556,668 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
008-0134-004
Land Assessment
£46,681 (2024)
Improvements Assessment
£556,668 (2024)
Total Assessment
£603,349 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
ZONING
| Zoning Code | R-4 |
| R-4 |
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3924 J St
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