420 CLEVELAND Avenue, Sacramento, CA 95833, Sacramento, 95833 - 6 bed, 6 bath
Loading property details...
Sacramento, CA 95833
Analysis of 420 CLEVELAND Avenue, Sacramento, CA 95833 is currently available with a list price of $1,150,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Sacramento Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Despite being built in 1949, the property has undergone significant recent updates. New roofs and full paving were completed in 2019, and the studio units feature updated vinyl flooring, granite countertops, and modern faucets in both kitchens and bathrooms. The bathrooms also show newer shower surrounds. While the overall structures are older and some appliances are basic, the renovated interiors of the income-producing units are move-in ready and well-maintained, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20473, living area = 1764.
The property offers a robust and diversified income stream from 13 tenants, including 2 cottages, 7 RV lots, and a fourplex of studios, reducing reliance on a single tenant type.
Currently generating over $10,000/month ($127,000+ annual gross income) with an attractive 8% cap rate and 9 GRM, indicating strong cash flow and return on investment.
Built in 1949, while recent improvements are noted, the underlying infrastructure of the property could be older, potentially leading to unforeseen maintenance or upgrade requirements in the long term.
Mobile home and RV parks are a specialized investment, which may limit the pool of potential buyers in the future and requires specific management expertise and understanding of unique regulations.
Despite the 'low-maintenance' model, managing 13 diverse tenants across different unit types (cottages, RVs, studios) still requires active oversight, adherence to specific park regulations, and potential for tenant relations challenges.
Rare Value-Add Investment Opportunity! Welcome to a permitted and licensed mobile home and RV park offering 13 income-producing tenants (2 cottages, 7 RV lots, and a fourplex of studios). Tenant-owned RVs and mobile homes are permanently placed and fully connected to water, sewer, and electricity, creating a low-maintenance ownership model where the owner primarily maintains structures and utility connections. Major improvements include full paving and new roofs in 2019. Updated studio units with vinyl flooring and granite top kitchen cabinets. Currently generating over $10,000/month with one vacancy, the property produces $127,000+ in annual gross income with vacancy under 1% in a stable, close-knit community. This rare hybrid asset offers diversified income, strong cash flow, and upside potential, supporting an attractive cap rate (8%) and Gross Rent Multiplier (9GRM) on purchase price. High-yield, low-maintenance, unique asset class. Bring your offer!
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-2 • 1.1 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 98% |
| Baths | 6.0 | 2.0 | 98% |
| Square foot | 1,764 | 1,466 | 71% |
| Lot Size | 20,473 | 5,663 | 98% |
| Price | $1.15M | $490.8K | 98% |
| Price per sq ft | $652 | $312 | 98% |
| Built year | 1949 | 1986 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 145 | 192 | 23% |
Jan 25, 2026
$1,150,000
Initial Listing
Feb 2, 2022
$620,000
Public Record
Oct 31, 2013
$284,000
Public Record