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691 El Camino Avenue

Sacramento, CA 95815
  • $1,225,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 224028767
Price Reduced
UPDATED: 82 min ago
$1,225,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1949
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

691 El Camino Ave., Sacramento is an 8 unit in the heart of the rejuvenated North Sacramento market. This small gated apartment complex is comprised of all 1 bedroom with 1 bath units approximately 540 SF with an onsite laundry facility. The units are separately metered for electrical and gas. The units also feature dual pane windows, wall heating & air, updated appliances (varies), along with one (1) central water heater. Four (4) of the unit interiors were upgraded with paint, appliances, and flooring. The exterior was also improved with a modernized paint pallet with light fixtures. Many of the leases are well below market with an average rental rate of $1,043. A recently rented unit leased for $1,214 signifying that there's a loss-to-lease rent of approximately $16,416 if all the units were paying the new rental rate. Furthermore, there are two vacant units that can be leased at market rate. Plus, the ownership recently implemented RUBS on the new leases to help offset utility costs.

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Metrolist MLS logo © 2024 MetroList® MLS. All rights reserved. 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. Data last updated 2024-04-24T23:40:19.7. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.sacramentoareahomefinder.com/homes/148892981
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691 El Camino Avenue Sacramento, CA 95815

  • Price: $1,225,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 82 min ago
  • MLS #: 224028767
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1949
Built
Neighborhood:
Sacto Arden-Arcade Creek/Vicinit
County:
Sacramento
Area:
Sacto Arden-Arcade Creek/Vicinit
Elementary School:
Sacramento Unified
Middle School:
Sacramento Unified
High School:
Sacramento Unified
School District:
Sacramento
Property Description
691 El Camino Ave., Sacramento is an 8 unit in the heart of the rejuvenated North Sacramento market. This small gated apartment complex is comprised of all 1 bedroom with 1 bath units approximately 540 SF with an onsite laundry facility. The units are separately metered for electrical and gas. The units also feature dual pane windows, wall heating & air, updated appliances (varies), along with one (1) central water heater. Four (4) of the unit interiors were upgraded with paint, appliances, and flooring. The exterior was also improved with a modernized paint pallet with light fixtures. Many of the leases are well below market with an average rental rate of $1,043. A recently rented unit leased for $1,214 signifying that there's a loss-to-lease rent of approximately $16,416 if all the units were paying the new rental rate. Furthermore, there are two vacant units that can be leased at market rate. Plus, the ownership recently implemented RUBS on the new leases to help offset utility costs.
Exterior Features

Carport Spaces 0 Construction Materials StuccoWoodMasonry Covered Spaces 0 Foundation Raised Independent Parking Spaces 0 Levels Two Lot Features SidewalkLandscape Front Num Of Floors 2 Num Of Guest Spaces 0 Open Parking Spaces 0 Parking Features Off StreetStreet Roof Composition Tandem Parking Spaces 0 Total Parking Spaces 6

Interior Features

Cooling Wall Unit(s)Window Unit(s) Flooring TileLaminateVinyl Heating GasHot Water Laundry Features Washer/Dryer LeasedIn Common Area Num Of Rooms 0 Num Of Studio Units 0 Num Of1 Bedroom Units 8 Num Of2 Bedroom Units 0 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 540 Unit1 Bedrooms 1 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1 Rent 1043 Unit1 Rooms 4 Unit2 Approx Sq Ft 0 Unit2 Bedrooms 0 Unit2 Full Baths 0 Unit2 Partial Baths 0 Unit2 Rent 0 Unit2 Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Bedrooms 0 Unit3 Full Baths 0 Unit3 Partial Baths 0 Unit3 Rent 0 Unit3 Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4 Rent 0 Unit4 Rooms 0

Property Features

1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association False Association Fee 0 Electric 220 Volts Elevation 0 Income Includes Rent OnlyLaundry Irrigation Public District Lease Deposit 0 Num Of Commercial Units 0 Operating Expense Includes Property TaxElectricityRepairsGasInsuranceTrashMaintenance GroundsUtilitiesMaintenance StructureVacancy AllowanceWater/Sewer Property Condition Updated/RemodeledVaries by Unit Property Subtype 5 or More Units Property Type ResidentialIncome Separate Meters ElectricityGas Sewer Public Sewer Special Listing Conditions None Studio Annual Occupancy 0 Subtype Description ApartmentsGarden Apartments Tenant Pays Rent OnlyElectricityGas Utilities Natural Gas ConnectedCityElectric Water Source Public Zoning RB-2

Metrolist MLS logo Listing provided courtesy of PCG Commercial, Inc: . Listing information © 2024 MetroList Services, Inc.


Metrolist MLS logo © 2024 MetroList® MLS. All rights reserved. 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. Data last updated 2024-04-24T23:40:19.7. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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