3711 46th Avenue, Sacramento, CA 95824, Sacramento, 95824 - 6 bed, 4 bath
ACTIVE$739,000$2,480/sqft
3711 46th Avenue, Sacramento, CA 95824
6Beds
4Baths
2,480Sqft
7,336Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Quadruplex: The property is a 4-plex, explicitly marketed as an 'income-generating' asset, providing a clear path to rental revenue for investors.
Top Cons:
Age of Building & Potential for Major System Upgrades: Built in 1961, the property's age suggests that major systems (e.g., roof, plumbing, electrical, HVAC) may be original or nearing end-of-life, potentially requiring significant capital expenditures in the future.
Compared to the nearby listings
Price:$739.0K vs avg $420.0K (+$319,000)80%
Size:2,480 sqft vs avg 1,440 sqft80%
Price/sqft:$298 vs avg $29850%
More Insights
Built in 1961 (65 years old).
Condition: Built in 1961, this property is over 60 years old. While the units have received cosmetic updates such as fresh interior paint and laminate flooring, the kitchens and bathrooms are basic and show signs of age, with some elements appearing newer than others but not fully renovated. The presence of wall heaters indicates an older heating system. The listing itself highlights the 'Age of Building & Potential for Major System Upgrades' as a weakness, suggesting that major components are likely outdated or nearing end-of-life, requiring future attention beyond the recent cosmetic refreshes. It is functional and clean but would benefit from more substantial updates.
Year Built
1961
Close
-
List price
$739K
Original List price
-
Price/Sqft
$298
HOA
$0
Days on market
-
Sold On
-
MLS number
225133935
Home ConditionFair
Features
View-
About this home
Fantastic Investment Opportunity! Own this income-generating 4-plex with three units already rented and one vacant, ready for an owner-occupant or new tenant! Current tenants are on a month to month rental agreement. Each unit has been updated with stylish laminate flooring and fresh interior paint (prior to current tenants), offering a modern and inviting feel. Conveniently located with easy access to the freeway, shopping, and public transportation, this property is perfect for investors looking for steady rental income in a prime Sacramento location. Don't miss out on this chance to build your portfolio.
P
Paul Ciani
Listing Agent
Price History
Date
Event
Price
04/16/19
Sold
$475,000
06/03/16
Sold
$235,000
12/08/14
Sold
$190,000
08/21/13
Sold
$159,000
06/18/09
Sold
$86,000
Condition Rating
Fair
Built in 1961, this property is over 60 years old. While the units have received cosmetic updates such as fresh interior paint and laminate flooring, the kitchens and bathrooms are basic and show signs of age, with some elements appearing newer than others but not fully renovated. The presence of wall heaters indicates an older heating system. The listing itself highlights the 'Age of Building & Potential for Major System Upgrades' as a weakness, suggesting that major components are likely outdated or nearing end-of-life, requiring future attention beyond the recent cosmetic refreshes. It is functional and clean but would benefit from more substantial updates.
Pros & Cons
Pros
Income-Generating Quadruplex: The property is a 4-plex, explicitly marketed as an 'income-generating' asset, providing a clear path to rental revenue for investors.
High Occupancy & Immediate Cash Flow: With three out of four units already rented, the property offers immediate cash flow and a high occupancy rate upon acquisition.
Recent Unit Updates: Each unit has been updated with stylish laminate flooring and fresh interior paint, reducing immediate renovation costs for a new owner.
Prime Sacramento Location: Conveniently located with easy access to the freeway, shopping, and public transportation, enhancing tenant appeal and potential for rent growth.
Flexible Lease Terms: Current tenants are on month-to-month agreements, offering the new owner flexibility to adjust rents, implement new lease terms, or facilitate owner-occupancy for the vacant unit.
Cons
Age of Building & Potential for Major System Upgrades: Built in 1961, the property's age suggests that major systems (e.g., roof, plumbing, electrical, HVAC) may be original or nearing end-of-life, potentially requiring significant capital expenditures in the future.
Vacant Unit Requires Lease-Up: One unit is currently vacant, meaning the new owner will need to invest time and resources to secure a new tenant or occupy it, impacting immediate full income potential.
Tenant Turnover Risk with Month-to-Month Leases: While offering flexibility, month-to-month agreements can lead to higher tenant turnover rates and associated costs (e.g., vacancy, re-leasing, maintenance) compared to fixed-term leases.