3445 Altos Avenue, Sacramento, CA 95838, Sacramento, 95838 - 1 bed, 1 bath
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Sacramento, CA 95838
This Multi-Family Value-Add Asset is listed at $599,000, offering a stable acquisition at its $599,000 Fair Market Value. With a Condition Rating of 4, the property is well-maintained but presents a significant 20% loss-to-lease upside for immediate revenue optimization. The asset features a Forested Greenbelt View within a Gated Community near the Altos Greenbelt Parkway, with proximity to Grant Union High and Del Paso Heights Elementary. This portfolio-sale component is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking scalable Sacramento income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3445 Altos Avenue Subject | $599,000* List Price | 1 | 1 | 500 | $1,198 | - |
A 3441 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.
Built in 1973, this property is a classic 'value-add' investment that appears well-maintained but dated. While the listing indicates it is move-in ready for tenants, the 50-year age and the 'minimal capital' needed to reach market rents suggest that kitchens, bathrooms, and fixtures are likely older styles that show normal wear and tear without recent full-scale renovations.
The property currently operates at an approximate 20% loss-to-lease, providing an immediate value-add opportunity for investors to increase rental income to market rates with minimal capital improvement.
Situated in a quiet, gated community directly across from the Altos Greenbelt Parkway, the property offers excellent tenant amenities like walking trails and is conveniently located within 10 minutes of both Highway 80 and I-5.
This asset is part of a 12-unit portfolio sale, allowing an investor to achieve immediate scale and geographic diversification within the resilient Sacramento multifamily submarket.
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.
The property must be purchased as a package with two other 4-plexes, which limits the buyer pool to those with the capital capacity and financing for a multi-asset portfolio acquisition.
The surrounding school district features several low-rated institutions, including a middle school with a 1/10 rating, which may impact long-term tenant retention and family-oriented demand.
***3445 Altos Ave must be purchased with 3441 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