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Jim Betley

jim@thebetleygroup.com +1(916) 343-1618

$1,550,000

Est. payment - /mo

3,900 SqFt

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UPDATED:

11/18/2024 06:13 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,900 sqft

Price per Sqft $397

MLS Listing ID 224125289

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1969

Lot Size 9,387 Sqft

Acres 0.2155

Property Description

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, separate listings, total price is 3M, cap rate is 4.7%). 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 unit was 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.

Location

State CA

County Sacramento

Area 10841

Direction Hwy 80 - South on Madison Ave - Left on Garfield Ave - Property is on the right side.

Interior

Heating Central

Cooling Central

Flooring Tile, Laminate

Laundry In Common Area

Exterior

Garage Open

Utilities Available City

Water Access Desc Public

Total Parking Spaces 6

Building

Lot Description Curbs/Gutters

Story 2

Foundation Slab

Sewer In & Connected

Water Public

Schools

Elementary Schools San Juan Unified

Middle Schools San Juan Unified

High Schools San Juan Unified

School District Sacramento

Others

Senior Community No

Tax ID 230-0531-019-0000

Special Listing Condition None

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Listed by eXp Realty of California Inc.

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Jim Betley

+1(916) 343-1618

Agent | License ID: 01419875

Agent License ID: 01419875

5364 Garfield AVE Sacramento, CA 95841

Jim Betley

Jim Betley

Key Details

Location

Interior

Exterior

Building

Schools

Others

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