3723 Jasmine St - Apartments FOR SALE


Sacramento, CA 95838- East Del Paso Heights
$1,350,000 USD
650-339-6818
3723 Jasmine St, Sacramento, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/17
null | 6.03% Cap Rate

3723 Jasmine St
Sacramento, CA 95838
East Del Paso Heights


HIGHLIGHTS

  • Stabilized Opportunity: Well-maintained 10-unit asset
  • Unit Mix: Eight studios and two one-bed units appealing to diverse renters
  • Prime Location: Centrally located near dining, shopping, and transit in East Del Paso Heights
  • Well-Maintained: No deferred maintenance; long-term tenants and recent upgrades
  • RUBS Potential: Add utility billing for water, sewer, and garbage to boost NOI
  • Convenient Parking: On-site and ample street parking for residents and guests

OVERVIEW

Catalyst Commercial Partners is pleased present 3723 Jasmine St in Sacramento which provides investors an excellent opportunity to own a well-maintained multifamily asset on Jasmine Street. Situated in a Class C+ neighborhood within East Del Paso Heights, the property presents a compelling value-add opportunity for investors seeking to increase cash flow and achieve long-term appreciation. With strong tenant demand and a solid rental foundation, the asset is well-positioned for a strategic renovation plan that could significantly enhance its value. Buyers have the potential to modernize the units, bring rents up to market levels, and maximize their overall return on investment—while still benefiting from the property’s existing stable income and growth potential. Featuring ten total units, including eight studios and two one-bedroom, one-bathroom units, the property offers a diverse and efficient unit mix that appeals to a wide range of tenants. It is ideally located in the heart of East Del Paso Heights, providing residents with convenient access to nearby dining, shopping, and transit options. The building has been well-maintained, ensuring long-term structural integrity and strong curb appeal, while on-site and ample street parking further add to its accessibility and tenant convenience. There is also strong potential for RUBS (Ratio Utility Billing System) implementation, allowing the new owner to bill tenants for utilities such as water, sewer, and garbage, thereby improving the property’s net operating income (NOI). Additionally, the property benefits from minimal ongoing maintenance due to recent renovations and upgrades. Long-term tenants have maintained their units well, and with no deferred maintenance under the current ownership, the asset provides a turnkey investment opportunity with stable cash flow and clear upside potential through strategic management and rent optimization. Please contact Elon Harmon for marketing package.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

10

PRICE/UNIT

$135,000

CAP RATE

6.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 UNITS | VALUE-ADD OPPORTUNITY

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R-1

APN/PARCEL ID

252-0112-003

ASK ABOUT THIS PROPERTY

Rachna GandhiCatalyst Commercial PartnersMore Info
650-339-6818

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Rachna GandhiCatalyst Commercial PartnersMore Info
650-339-6818

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