1617-1621 Lisbon Ave - Apartments FOR SALE


West Sacramento, CA 95605- Riverpoint
$1,900,000 USD
916-712-5500
1617-1621 Lisbon Ave, West Sacramento, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/11
null | 5.37% Cap Rate

1617-1621 Lisbon Ave
West Sacramento, CA 95605
Riverpoint


HIGHLIGHTS

  • Below Market Rents
  • Huge Upside
  • Possibility to convert unused auditorium to 3 units
  • New owner can increase rent in 2025 for all units
  • Owner currently not charging RUBS. Can capture additional $10k-$14k annually
  • Possible addition of 1 or 2 ADU on unused land

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

12

PRICE/UNIT

$158,333

CAP RATE

5.37%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1617 Lisbon Ave - West Sacramento

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

R1-A, W Sacramento

APN/PARCEL ID

014-074-015-000

ASK ABOUT THIS PROPERTY

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916-712-5500

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916-712-5500

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