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5372 Garfield Ave 5372 Garfield Ave

4 Unit Block of Flats £1,144,050 (£286,012/Unit) 4.70% Net Initial Yield Sacramento, CA 95841

Investment Highlights

  • Each living room has a fireplace,ceiling fan, recessed dimmable LED lighting and access to balcony through
  • Hardwood doors, baseboards & door moldings throughout entire unit,New Anlin sliding doors
  • Five feet of subway tile around entire bathrooms to avoid moisture issues
  • Brand New Anlin Bronze 2 Dual Pane Windows
  • Full large 12x24 porcelain tile on shower walls, High-end Moen shower hardware • Drake Toto Toilets
  • Marble backsplash on both kitchen sides • Local made high quality plywood, self closing cabinets with bronze handles • Z-line hood vents, GE Fridge

Executive Summary

Presenting a prime investment in the San Juan School District: two fully renovated 4-unit buildings at 5364 & 5372 Garfield Ave in Sacramento (both properties to be purchased together). Set in a quiet area near Carmichael, this property offers quality living spaces designed with low maintenance in mind - ideal for attracting high-quality tenants. Each of the eight units were remodeled in 2022, featuring durable Anlin windows, vinyl plank floors, marble kitchen backsplashes, and top appliances. Newer roof. The property includes one spacious 3-bedroom (1,250 sf), 2-bath unit with in-unit laundry, and seven 2-bedroom, 1-bath units, each with a large balcony or fenced patio. Bathrooms were redone with Moen fixtures, Kohler cast iron tubs, quartz counters, and durable tile for a clean, modern look. The landscaped grounds include river rocks, olive and lemon trees, and synthetic grass for easy upkeep. The property generates a steady overall monthly income of $16,945, with a 4.7% cap rate and high tenant satisfaction. All tenants recently renewed their leases. Conveniently located near parks, schools, shopping, and dining, this 8-unit complex combines modern amenities with a peaceful setting, offering a standout investment in a strong rental market. Check out the 3D model.

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
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 -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
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 £1,144,050
Price Per Unit £286,012
Sale Type Investment
Net Initial Yield 4.70%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 14.34
No. Units 4
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Lot Size 0.22 AC
Building Size 3,600 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1969/2022
Parking Ratio 1.67/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Heating

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 3 £1,617 900
2+1 1 £1,657 900

zoning

Zoning Code RD-20 (230-0531-020-0000)
RD-20 (230-0531-020-0000)
  • Listing ID: 33862269

  • Date on Market: 13/11/2024

  • Last Updated:

  • Address: 5372 Garfield Ave, Sacramento, CA 95841

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