Sacramento, CA 95815,717 Lampasas AVE
Sacramento, CA 95815,717 Lampasas AVE
Sacramento, CA 95815,717 Lampasas AVE
Sacramento, CA 95815,717 Lampasas AVE
Sacramento, CA 95815,717 Lampasas AVE
Sacramento, CA 95815,717 Lampasas AVE
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Reza Lashkari

Reza Lashkari

+1(949) 826-8100
$ 1,295,000
Est. payment | /mo

0.52 Acres Lot

Save
$ 1,295,000
Est. payment | /mo
Save

0.52 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82031283

HOA Y/N No

Year Built 1963

Annual Tax Amount $16,250

Lot Size 0.516 Acres

Property Description

Strategically priced for a quick sale with strong upside, this welllocated multifamily property is located in an Opportunity Zone! 717 Lampasas Avenue features 8 fully remodeled units across two separate 4-plex buildings, each with 2 bed / 1 bath units. All interiors have been upgraded with luxury vinyl plank flooring, new appliances, new doors, paint, and modern bathrooms. Dual-pane windows and fresh exterior paint complete the improvements. The buildings sit on a spacious half-acre lot with potential for future development access from Traction Ave may allow for additional units or ADUs (buyer to verify). Pro forma rents of nearly $150K/year, 7.2% CAP, and 8.8 GRM offer strong returns. Property is fully occupied, with 16 parking spaces, separate water meters per building, and a newer roof (2012). Gated for privacy and security. Located minutes from downtown Sacramento, shopping, parks, and transit. Possibility to subdivide and resell as two 4-plexes for added flexibility. Ideal for investors seeking immediate cash flow with long-term upside in one of Sacramento's most promising redevelopment corridors. Priced to sell motivated seller!

Location

State CA

County Sacramento

Area 699 - Not Defined

Zoning R-2B

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Roof Type Composition

Total Parking Spaces 9

Building

Water Public

Schools

School District Other

Others

Tax ID 26301720120000

Special Listing Condition Standard

CRMLS – RECore
Listed by Alexey Blokhin Real E-State

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Natomas Charter

    Public | KG - 12

  • 8

    Caleb Greenwood Elementary School

    Public | KG - 6

  • 7

    Theodore Judah Elementary School

    Public | KG - 6

  • 6

    Hazel Strauch Elementary School

    Public | KG - 5

  • 5

    Washington Elementary School

    Public | KG - 6

  • 5

    Smythe Academy of Arts and Sciences

    Public | KG - 8

  • 5

    Woodlake Elementary School

    Public | KG - 6

  • 5

    Main Avenue Elementary School

    Public | KG - 6

  • 5

    D. W. Babcock Elementary School

    Public | KG - 6

  • 5

    Bell Avenue Elementary School

    Public | KG - 6

  • 4

    Garden Valley Elementary School

    Public | KG - 6

  • 4

    Taylor Street Elementary School

    Public | KG - 6

  • 4

    Castorl Elementary School

    Public | KG - 6

  • 4

    Aspire Alexander Twilight College Preparatory Academy

    Public | KG - 5

  • 3

    Harmon Johnson Elementary School

    Public | 3 - 6

  • 2

    American Lakes School

    Public | KG - 8

  • 2

    Glenwood Elementary School

    Public | KG - 6

  • 1

    Fairbanks Elementary School

    Public | KG - 6

  • 1

    Del Paso Heights Elementary School

    Public | KG - 6

  • 1

    Northwood Elementary School

    Public | KG - 6

Middle Schools 11
  • 8

    Sutter Middle School

    Public | 7 - 8

  • 5

    Norwood Junior High School

    Public | 7 - 8

  • 4

    Aspire Alexander Twilight Secondary Academy

    Public | 6 - 12

  • 1

    Rio Terra Junior High School

    Public | 6 - 8

  • 1

    Martin Luther King Jr. Technology Academy

    Public | 7 - 8

  • 1

    Palmiter Special Education

    Public | 7 - 12

  • 1

    Nova Opportunity

    Public | 7 - 9

  • 1

    Encina Preparatory High School

    Public | 6 - 12

  • 0

    Wayne Geri Academy

    Private | 6 - 11

  • 0

    North Area Community

    Public | 7 - 12

  • 0

    Elinor Lincoln Hickey Jr./Sr. High School

    Public | 7 - 12

High Schools 3
  • 2

    Grant Union High School

    Public | 9 - 12

  • 0

    Discovery High School

    Public | 9 - 12

  • 0

    Vista Nueva Career and Technology High School

    Public | 9 - 12

School and business data provided by Attom Data.

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717 Lampasas AVE

Reza Lashkari

+1(949) 826-8100

reza@llhomesteam.com

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