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420 Cleveland Avenue $639,000


    420 Cleveland Avenue Sacramento, CA 95833

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 20007562
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    Property Details

    Opportunity with this Vaue-Add property. Sporting an eclectic mix of 13 Tenants = 2 houses, 6 RV Lots, 1 Mobile Lot and a Fourplex of studios. This is a permitted licensed Mobile Home Park called Gardenland Mobile Home and RV Park, but there are two houses and the fourplex too. The RV's & Mobile home are owned by the Tenants. They are parked permanently and attached to water sewer & electricity. Low Maintenance as you only have to worry about the building structures & the rv/mobile connections. Property was paved, new roofs in 2019. There is a lot of room to bump the rents as well. Rent are approximately $20,000 under market in annual rent presently and its already a 9.23% cap rate. This is a unique little community in a close knit environment. Bring us an offer now. Its a great return & is easier than more conventional properties. This thing makes very good income. At market rents you gross $102,660 and a 12.37% cap rate. VACANCY less than 1%. Gross Rent Multiplier is 7.74 - HELLO!

    • General Features
      • Year Built 1949
      • Property Subtype 5 or More Units
      • County Sacramento
      • Association Fee $0
      • Association No
    • Building Features
      • Appliances Free Standing Gas Oven, Free Standing Gas Range
      • Architectural Style Ranch
      • Carport Spaces 0
      • Construction Materials Stucco, Frame, Lap Siding
      • Num Commercial Units 0
      • Number of Buildings 3
      • Independent Parking Spaces 0
      • Number of Floors 0
      • Heating Wall Furnace
      • Laundry Features Washer/Dryer Owned
      • Foundation Raised
      • Garage Spaces 0
      • Flooring Tile, Laminate
      • Electric 220 Volts
      • Covered Spaces 0
      • Cooling Ceiling Fan(s), Wall Unit(s)
      • Other Equipment Water Cond Equipment Owned
      • Parking Features Open
      • Open Parking Spaces 20
      • Number of Studio Units 5
      • Number of Units Total 13
      • Roof Composition
      • Total Parking Spaces 20
      • Stories 1
      • Sewer Public Sewer
      • Number of Guest Spaces 0
      • Tandem Parking Spaces 0
      • Water Source Public
    • Property Features
      • Lot Size Source Assessor Auto-Fill
      • Lot Size Square Feet 20473
      • Lot Size Dimensions 66 x 310
      • Lot Size Acres 0.47
    • Schools
      • Senior High School District Twin Rivers Unified
      • School District County Sacramento
      • Middle or Junior School District Twin Rivers Unified
      • Elementary School District Twin Rivers Unified



    95833 (Sacramento) Demographics

    31 Median Age
    5,164 Population Density (per sq. mile)
    36% College Educated
    $58,008 Estimated Median Income
    6,506 Estimated Total Home Owners
    7,955 Estimated Total Renters
    45% / 55% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    40,029 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    58 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $639,000
        5/29/2021 2:04:20 PM Status Changed Source: Multiple Listing Service New Value: Active
        5/25/2021 7:05:07 PM Status Changed Source: Multiple Listing Service New Value: Pending
        2/7/2020 6:45:00 PM New in Database Source: Multiple Listing Service New Value: $639,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 9/18/2021 7:06:02 PM. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Terms of Use

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.