Property Details
About this Property
3130 - 3132 3rd Ave in the Oak Park neighborhood is a sixteen-unit apartment community that features both one- and two-bedroom floorplans. The property is very well located, only minutes to downtown / midtown Sacramento, the region's economic and entertainment epicenter. As a part of the triangle district area of North Oak Park, residents are within walking distance to the regions preeminent medical care, UC Davis Medical Center and UC Davis Aggie Square Innovation Hub. The neighborhood also lies at the intersection of CA Hwy 99, US Hwy 50, and Interstate Business 80, allowing residents immediate access to all major throughways in the region. The property features off street alley parking, gated entry, and onsite laundry facilities. The offering represents a unique opportunity to purchase a cash flowing asset day one, but the next investor will have a clear-cut strategy to massively increase value through renovations and aggressive management. Competitive sets suggest that the September 2024 rent roll is approximately 20% below the market and the erosion of the loss to lease would push the capitalization rate to exceed 8%.
MLS Listing Information
MLS #
ME225012972
MLS Source
MetroList Services, Inc.
Interior Features
Flooring
Linoleum, Vinyl
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Foundation
Raised
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Street, Garage: 0 Car(s)
Sewer
Private Sewer
Water
Public
HOA Fee
$0
Complex Amenities
Community Security Gate
Zoning
Residential
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 16 | 16 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 550 | 1 | 1/0 | $1,150 | – | – |
| 2 | 0 | 2 | 1/0 | $1,550 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
3130 3rd Ave is a Residential Income in Sacramento, CA 95817. This 4,742 square foot property sits on a 0.28 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,000,000 and was built in –. This address can also be written as 3130 3rd Ave, Sacramento, CA 95817.
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This listing information is up-to-date as of June 23, 2025. For the most current information, please contact David DeLoney, (916) 832-8571
