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6421 Martin Luther King Jr Boulevard $1,775,000

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    6421 Martin Luther King Jr Boulevard Sacramento, CA 95823

    Pending Bring Backup

    $1,775,000

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    • Commercial
    • MLS# 20039388
    6421 Martin Luther King Jr Boulevard, Sacramento, CA 95823
    6421 Martin Luther King Jr Boulevard, Sacramento, CA 95823
    6421 Martin Luther King Jr Boulevard, Sacramento, CA 95823
    6421 Martin Luther King Jr Boulevard, Sacramento, CA 95823
    6421 Martin Luther King Jr Boulevard, Sacramento, CA 95823
    6421 Martin Luther King Jr Boulevard, Sacramento, CA 95823
    6421 Martin Luther King Jr Boulevard, Sacramento, CA 95823
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    Listing provided courtesy of: HomeSmart ICARE Realty
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    Property Details

    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 Commercial/Retail
      • Location Hospital Nearby, Public Transportation Nearby, Restaurant Nearby
      • Property Subtype Retail
    • Building Features
      • Accessibility Features Parking
      • Construction Materials Frame, Metal
      • 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
      • Total Units 6
      • Warehouse SqFt 0
      • Stories 1
      • Square Footage 0
      • Total Parking Spaces 0
      • Roof Metal
      • Office SqFt 0
      • Number of Truck Doors 0
      • Parking Features Open
    • Property Features
      • Lot Size Square Feet 0

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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

    $0 Median Sales Price
    0 Homes Sold
    39 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 New Value: $1,775,000
        2/24/2021 7:04:51 PM Status Changed Source New Value: Pending Bring Backup
        7/9/2020 3:15:00 AM New in Database Source 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 3/3/2021 4:02:54 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.