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1617 Lisbon Ave - West Sacramento 1617-1621 Lisbon Ave 12 Unit Apartment Building £1,336,266 (£111,356/Unit) 6.38% Net Initial Yield West Sacramento, CA 95605
INVESTMENT HIGHLIGHTS
- Below Market Rents
- Possibility to convert unused auditorium to 3 units
- Owner currently not charging RUBS. Can capture additional $10k-$14k annually
- Huge Upside
- New owner can increase rent in 2025 for all units
- Possible addition of 1 or 2 ADU on unused land
EXECUTIVE SUMMARY
PRICE REDUCTION!
12 unit apartment complex, all single story, cottage-style units, built in 1950, located in the Bryte neighborhood of West Sacramento with close proximity to Interstate 80 and the Sacramento River. 1617-1621 Lisbon is approximately 2.4 miles from Raley Field, new home of the Sacramento Athletics MLB team, and 3 miles to Downtown Sacramento and the Golden One Center, home of the Sacramento Kings. Approximately a mile from Riverpoint Marketplace, a super-regional power center with many large national retail stores.
Property consists of eight 1 bed/1 bath; two 2 bed/1 bath; and two 3 bed/1 bath units.
12 unit apartment complex, all single story, cottage-style units, built in 1950, located in the Bryte neighborhood of West Sacramento with close proximity to Interstate 80 and the Sacramento River. 1617-1621 Lisbon is approximately 2.4 miles from Raley Field, new home of the Sacramento Athletics MLB team, and 3 miles to Downtown Sacramento and the Golden One Center, home of the Sacramento Kings. Approximately a mile from Riverpoint Marketplace, a super-regional power center with many large national retail stores.
Property consists of eight 1 bed/1 bath; two 2 bed/1 bath; and two 3 bed/1 bath units.
PROPERTY FACTS
| Price | £1,336,266 | Costar Property Class | C |
| Price Per Unit | £111,356 | Total Plot Size | 1.03 ac |
| Sale Type | Investment | Property Size | 14,525 sq ft |
| Yield | 6.38% | Average Occupancy | 92% |
| No. Units | 12 | No. Floors | 1 |
| Property Type | Build-to-Rent | Year Built | 1950 |
| Property Subtype | Apartment | Parking Allocation | 1.83/1,000 sq ft |
| Apartment Style | Low-Rise | ||
| Use Class | R1-A, W Sacramento - Single Family Residential | ||
| Price | £1,336,266 |
| Price Per Unit | £111,356 |
| Sale Type | Investment |
| Yield | 6.38% |
| No. Units | 12 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 1.03 ac |
| Property Size | 14,525 sq ft |
| Average Occupancy | 92% |
| No. Floors | 1 |
| Year Built | 1950 |
| Parking Allocation | 1.83/1,000 sq ft |
| Use Class | R1-A, W Sacramento - Single Family Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Oven
- Range
- Yard
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 8 | £4,343 | 4,320 |
| 2+1 | 2 | £1,559 | 670 - 1,340 |
| 3+1 | 2 | £1,670 | 840 - 1,680 |
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PROPERTY TAXES
| Parcel Number | 014-074-015-000 | Improvements Assessment | £650,903 |
| Land Assessment | £340,748 | Total Assessment | £991,650 |
PROPERTY TAXES
Parcel Number
014-074-015-000
Land Assessment
£340,748
Improvements Assessment
£650,903
Total Assessment
£991,650
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1617 Lisbon Ave - West Sacramento | 1617-1621 Lisbon Ave
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