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3132 3rd Avenue

Sacramento, CA 95817

– beds
– baths
4,742 sqft
12,197 sqft lot
$506 per sqft
1960 build
– on site

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%.

Listing courtesy of METROLIST / Marcus & Millichap Real Estate

Last checked: Checking… • Last updated Feb 4, 2025 •

MLS# 225012972 —

The Building

Year Built:

1960
Year Built Source:

Assessor Agent-Fill
Construction Materials:

Stucco, Wood
Construction Materials:

#Collection(String)
Architectural Style:

#Collection(String)
Development Status:

#Collection(String)
Structure Type:

#Collection(String)
Subtype Description:

#Collection(String)
Stories Total:

2
Stories:

2
Levels:

#Collection(String)
Upper Level:

#Collection(String)
Main Level:

#Collection(String)
Lower Level:

#Collection(String)
Roof:

#Collection(String)
Basement:

#Collection(String)
Foundation Details:

Raised
Foundation Details:

#Collection(String)
Building Features:

#Collection(String)
Exterior Features:

#Collection(String)
Window Features:

#Collection(String)
Patio And Porch Features:

#Collection(String)
Accessibility Features:

#Collection(String)

Interior

Interior Features:

#Collection(String)
Flooring:

Vinyl, Linoleum
Flooring:

#Collection(String)
Fireplace Features:

#Collection(String)
Laundry Features:

In Common Area
Laundry Features:

#Collection(String)

Room Dimensions

Living Area:

4742.0

Financial & Terms

Lease Type:

Net
Lease Info:

#Collection(String)
Lease Type:

#Collection(String)
Lease Includes:

#Collection(String)
Rent Includes:

#Collection(String)
Owner Pays:

#Collection(String)
Tenant Pays:

#Collection(String)
Pets Allowed:

#Collection(String)

Location

Directions:

From Alhambra Blvd, go south until you reach the intersection at Third ave. Turn left and property will be on your right.

The Property

Parcel Number:

010-0366-004-0000
Property Type:

Residential Income
Property Subtype:

5 or More Units
Property Condition:

#Collection(String)
Lot Features:

Sidewalk
Lot Features:

#Collection(String)
Lot Size Acres:

0.28
Lot Size Square Feet:

12197.0
Lot Size Units:

Acres
Lot Size Source:

Assessor Agent-Fill
Land Lease:

false
View:

#Collection(String)
Zoning:

Residential
Current Use:

#Collection(String)
Possible Use:

#Collection(String)
Vegetation:

#Collection(String)
Fencing:

#Collection(String)
Horse:

false
Horse Amenities:

#Collection(String)
Crops:

#Collection(String)
Soil:

#Collection(String)
Land Use:

#Collection(String)
Irrigation Source:

Meter on Site
Frontage Type:

#Collection(String)
Road Surface Type:

#Collection(String)
Road Frontage Type:

#Collection(String)
Road Responsibility:

#Collection(String)
Driveway Sidewalks:

#Collection(String)

Listing Agent

Contact info:

The Listing

Home Warranty:

false

Heating & Cooling

Heating:

Wall Furnace
Heating:

#Collection(String)
Cooling:

Wall Unit(s)
Cooling:

#Collection(String)

Utilities

Utilities:

City
Utilities:

#Collection(String)
Electric:

#Collection(String)
Sewer:

Private Sewer
Sewer:

#Collection(String)
Water Source:

Public
Water Source:

#Collection(String)
Green Energy Efficient:

#Collection(String)

Appliances

Appliances:

#Collection(String)

Schools

Elementary School District:

Sacramento Unified
Middle Or Junior School District:

Sacramento Unified
High School District:

Sacramento Unified

The Community

Senior Community:

false
Community Features:

#Collection(String)
Spa:

false
Spa Features:

#Collection(String)
Pool Private:

false
Pool Features:

#Collection(String)
Association Amenities:

#Collection(String)
Association:

false
Association Fee Includes@odata.type

#Collection(String)

Parking

Parking Total:

12.0
Parking Type:

#Collection(String)
Parking Access:

#Collection(String)
Parking Features:

Off Street, Street
Parking Features:

#Collection(String)

Extra Units

Unit 1 Type:

#Collection(String)
Unit 1 Full Baths:

1
Unit 1 Bedrooms:

1
Unit 2 Bedrooms:

2
Unit 2 Full Baths:

1
Unit 1 Approx SqFt:

550
Unit 2 Type:

#Collection(String)
Unit 3 Type:

#Collection(String)
Unit 4 Type:

#Collection(String)
Other Units:

#Collection(String)

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/3/25 Feb 3, 2025	Listed / Active	METROLIST	$2,400,000

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This multifamily located in Southeastern Sacramento, Sacramento, CA 95817 is currently for sale for $2,400,000. 3132 3rd Avenue is a 4,742 square foot multifamily with – beds and – baths that has been on Estately for 8 days. 3132 3rd Avenue is in the Southeastern Sacramento neighborhood of Sacramento and has a WalkScore® of 89, making it very walkable. This multifamily is in the attendance area of California Middle School, David Lubin Elementary School, and Hiram Johnson High School.

Listing courtesy of Marcus & Millichap Real Estate

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