3322 Y St - Apartments FOR SALE


Sacramento, CA 95817- North Oak Park
$2,495,000 USD
916-724-1294
3322 Y St, Sacramento, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

3322 Y St
Sacramento, CA 95817
North Oak Park


HIGHLIGHTS

  • Prime Med Center Location - Walking distance to UC Davis Medical Center and Minutes to East Sacramento, Midtown and Downtown Sacramento
  • Proven Value-Add Opportunity - Demonstrated Achievable Rental Upside
  • Onsite Laundry - 10 Off Street Parking Spaces

OVERVIEW

The DeLoney Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire 3322-3326 Y Street, a well-maintained 16-unit apartment community located in the North Oak Park / Med Center submarket of Sacramento, California. Originally constructed in 1960 and situated on approximately 0.28 acres across two separate parcels, the property consists of sixteen apartment homes comprised of twelve one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. The property offers an attractive and efficient unit mix that continues to experience strong rental demand from medical professionals, students, and young professionals seeking proximity to major employment centers and neighborhood amenities. Current ownership has completed selective interior renovations throughout the property, with upgraded units featuring quartz countertops, stainless steel appliances, and modern finishes. All units benefit from original wood flooring. Residents enjoy desirable amenities including onsite laundry facilities and convenient off-street parking accessed from the rear alley. Residents benefit from the property's exceptional location just blocks from the UC Davis Medical Center campus, one of Sacramento's largest employment hubs. The property is also conveniently positioned near East Sacramento's popular dining, retail, and entertainment destinations along Folsom Boulevard and Alhambra Boulevard, while maintaining quick access to Downtown Sacramento, Midtown, Highway 50, and Business 80. All tours must be scheduled through The DeLoney Group. Please not disturb management or residents.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

16

PRICE/UNIT

$155,938

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,001 SF

ZONING

R2A, Sacramento

APN/PARCEL ID

010-0311-005,010-0311-006

ASK ABOUT THIS PROPERTY

David DeLoneyMarcus & MillichapMore Info
916-724-1294

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David DeLoneyMarcus & MillichapMore Info
916-724-1294

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.