3441 Altos Avenue, Sacramento, CA 95838, Sacramento, 95838 - 1 bed, 1 bath
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Sacramento, CA 95838
This Multifamily Value-Add Portfolio Asset is listed at $599,000, offering a stable acquisition at its $599,000 Fair Market Value. The property maintains a Condition Rating of 4, featuring functional interiors and a forested view of the Altos Greenbelt Parkway. Significant upside exists via a 20% loss-to-lease gap, providing a clear path to increased Net Operating Income. Part of a mandatory 12-unit package near Grant Union High, this gated quadruplex offers immediate scale in a resilient market. This asset is ideally suited for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3441 Altos Avenue Subject | $599,000* List Price | 1 | 1 | 500 | $1,198 | - |
A 3445 Altos Avenue Active | $599,000 List Price | 1 | 1 | 500 | $1,198 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1973-built quadruplex that appears well-maintained but significantly dated. Interior images reveal original or older cabinetry, laminate countertops, electric coil stoves, and aged bathroom fixtures. While functional and currently income-producing, the property requires cosmetic updates to flooring, kitchens, and baths to meet modern market standards.
The portfolio currently operates at a 20% loss-to-lease, offering investors an immediate opportunity to capture market-rate rents and increase Net Operating Income with minimal initial capital.
Situated in a quiet, gated community directly across from the Altos Greenbelt Parkway, the property provides residents with rare access to walking trails and parks while remaining just minutes from Highway 80 and I-5.
The sale includes three separate 4-plexes totaling 12 units, allowing an investor to gain immediate scale and geographic diversification within the resilient Sacramento multifamily market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 500, other record living area = 1980. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 4.
This asset cannot be acquired individually and must be purchased as part of a three-property package, which requires a higher total capital outlay and may limit financing flexibility for some buyers.
With construction dates ranging from 1958 to 1973, the properties likely face higher long-term maintenance requirements and capital expenditure needs compared to more modern multifamily assets.
***3441 Altos Ave must be purchased with 3445 Altos Avenue & 3836 43rd Avenue, This is a portfolio sale of three separate 4plexes that must be purchased together as a package*** Colliers is pleased to present an attractive multifamily value-add opportunity in the Sacramento region: 3441-3445 Altos Avenue and 3836 43rd Avenue. This portfolio features three well-located, income-producing 4-plex properties totaling 12 units, 3445 Altos Avenue comprises two identical 4-plex buildings constructed in 1973, each approximately 2,000 square feet on individual 0.16-acre parcels. The combined unit mix consists of eight 1-bedroom/1-bath units. Currently operating at approximately 20% loss-to-lease, this asset presents immediate upside for an investor to capture market-rate rents with minimal capital. The property benefits from a quiet, gated community setting, surrounded by single-family homes and directly across from Altos Greenbelt Parkway, providing residents with convenient access to walking and biking trails. Multiple parks and local restaurants are within easy walking distance, enhancing tenant appeal and retention. Commuters enjoy excellent connectivity, with Highway 80 just 5 minutes away and I-5 approximately 10 minutes distant. Complementing the portfolio is 3836 43rd Avenue, built in 1958 a solid 4-plex investment positioned in the South Sacramento submarket, adding diversification and additional income potential within the broader Sacramento rental landscape. The Sacramento multifamily market continues to demonstrate resilience, with stabilizing fundamentals, moderating new supply, and strong long-term demand driven by regional economic growth. Offering Memorandum available for viewing.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.8 mi
Grades 3-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 5.0 | 33% |
| Baths | 1.0 | 4.0 | 33% |
| Square foot | 500 | 1,368.5 | 33% |
| Lot Size | 6,970 | 6,838.8 | 67% |
| Price | $599.0K | $614.5K | 50% |
| Price per sq ft | $1.2K | $379 | 83% |
| Built year | 1973 | 1996 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 187 | 17% |
Mar 11, 2026
$599,000
Initial Listing
Mar 18, 2021
$409,000
Public Record
Oct 31, 2018
$365,000
Public Record
Feb 28, 2014
$180,000
Public Record
Dec 23, 2009
$140,000
Public Record
Aug 20, 2009
$110,000
Public Record