6421 Martin Luther King Jr Boulevard Sacramento, CA 95823

Pending

$1,650,000

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7,500 sq. ft.
0.49 Acres
Commercial
MLS# 20039388

6421 Martin Luther King Jr Boulevard, Sacramento, CA 95823

Listing provided courtesy of: HomeSmart ICARE Realty

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Property Details

Description

This won't Last, Commercial Retail center with 83 percent leased only 1 unit is vacant, Close to freeway. at this price currently it is at 8.18 percent Cap rate. 3 of the leases are at 5 percent increment every year. total sq ft of the building is 7500 and each unit is at 1250 sq ft. With the 6 unit being rented out the property can operate at 9 percent cap rate.

General Features
- Year Renovated 0
- Year Built 2006
- County Sacramento
- Business Type Laundromat,Barber/Beauty,Restaurant,Smoke Shop,Other
- Location Public Transportation Nearby, Restaurant Nearby, Hospital Nearby
- Property Subtype Retail
Building Features
- Accessibility Features Parking
- Construction Materials Metal, Frame
- Cooling Central
- Dock Doors 0
- Building Features 1 Restroom Per Unit, Individual Thermostat Control
- Flooring Concrete Slab
- Heating Central
- Number of Floors 0
- Number of Offices 0
- Number of Restrooms 0
- Industrial SqFt 0
- Floor Num 0
- Minimum Available SqFt 0
- Number of Buildings 1
- Number of Elevators 0
- Water Source Public
- Total Units 6
- Warehouse SqFt 0
- Sewer Public Sewer
- Stories 1
- Square Footage 7,500
- Total Parking Spaces 0
- Roof Metal
- Office SqFt 0
- Number of Truck Doors 0
- Parking Features Open
Property Features
- Lot Size Square Feet 21344

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Neighborhood

95823 (Sacramento) Demographics

30 Median Age

6,479 Population Density (per sq. mile)

20% College Educated

$39,294 Estimated Median Income

9,991 Estimated Total Home Owners

13,087 Estimated Total Renters

43% / 57% Estimated Owner / Renter Divide

3 Estimated Average Household Size

76,478 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$400,000 Median Sales Price

53 Homes Sold

71 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: $1,650,000
7/16/2021 8:03:31 PM	Status Changed Source: Multiple Listing Service	New Value: Pending
4/16/2021 8:01:59 PM	Price Reduced Source: Multiple Listing Service	New Value: $1,650,000	-7.04%
7/9/2020 3:15:00 AM	New in Database Source: Multiple Listing Service	New Value: $1,775,000

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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 9/24/2021 8:07:14 AM. 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.

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