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5652 Broadway, Sacramento, CA 95820, Sacramento, 95820 - 4 bed, 2 bath

5652 Broadway, Sacramento, CA 95820 home-pic-0
ACTIVE$950,000
5652 Broadway, Sacramento, CA 95820
4Beds
2Baths
2,080Sqft
19,200Lot
Year Built
1954
Close
-
List price
$950K
Original List price
-
Price/Sqft
$457
HOA
$0
Days on market
-
Sold On
-
MLS number
225140120
Home ConditionExcellent
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $950.0K(87th), sqft - 2080(73th), beds - 4(50th), baths - 2(50th).

5652-5654 Broadway is a "one of one" investment and development opportunity located in the heart of Tahoe Park. The property features a single-story duplex situated on a 12,800 SF parcel of land plus an additional 6,400 SF parcel located behind the duplex, for a total parcel size of 19,200 SF (.44 Acres). The interiors of both units were renovated in 2023 including new kitchens, bathrooms, flooring, lighting, and interior paint. Additionally, several "big ticket" capital improvements have been completed within the last ten years including the roof, gutters, dual pane windows, plumbing work, electrical wiring, exterior stucco, and exterior paint. Each unit currently benefits from a fenced front and backyard, as well as a large shared parking area that is accessed via gated driveway off Broadway. The ownership has thoughtfully completed preliminary plans to construct six (6) additional ADUs on the residual land surrounding the duplex for a total of 8 units. The market rent for both units is $2,650 per month which results in a in-place cap rate of 4.45%.

Price History

Date
Event
Price
11/07/25
Price Change
$950,000
09/01/21
Sold
$850,000
Condition Rating
Excellent
This property has undergone an extensive interior renovation in 2023, featuring new kitchens with modern two-tone cabinetry, quartz countertops, and stainless steel appliances, as well as updated bathrooms with contemporary vanities and tiling. New LVP flooring, modern lighting, and fresh paint throughout contribute to a virtually new interior. Additionally, major capital improvements such as the roof, plumbing, electrical, and dual-pane windows were completed within the last ten years, ensuring all critical systems are up-to-date and in excellent condition, despite the original build year of 1954.
Pros & Cons

Pros

Significant Development Potential: The property includes preliminary plans to construct six (6) additional ADUs on the residual land, expanding the property to a total of eight units and significantly increasing future income potential.
Extensive Recent Upgrades: Both duplex units were fully renovated in 2023, including new kitchens, bathrooms, flooring, lighting, and interior paint, making them highly attractive to tenants.
Major Capital Improvements Completed: Key capital improvements such as the roof, gutters, dual pane windows, plumbing, electrical wiring, and exterior stucco/paint have been completed within the last ten years, reducing immediate capital expenditure for a new owner.
Large, Versatile Lot Size: A substantial 19,200 SF (.44 Acre) parcel provides ample space for the existing duplex and the proposed ADU development.
Desirable Location: Located in the 'heart of Tahoe Park,' a sought-after neighborhood in Sacramento, enhancing its appeal for both tenants and future property value.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =19200, other record lot size in square feet = 6400.
Development Requires Further Investment & Effort: The ADU plans are preliminary, meaning a new owner will need to invest significant capital, time, and navigate the permitting process to realize the full development potential.
Moderate In-Place Cap Rate: The current in-place cap rate of 4.45% is modest, suggesting that the property's value is heavily reliant on its future development potential rather than immediate cash flow from the existing duplex.
Age of Original Structure: Built in 1954, the underlying structure is older, which despite recent renovations, could potentially lead to unforeseen maintenance or infrastructure issues not covered by the upgrades.

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