7384 Franklin Boulevard 4, Sacramento, CA 95823, Sacramento, 95823 - 2 bed, 1 bath
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Sacramento, CA 95823
This Prime Investment Opportunity is a 2-bedroom, 1-bathroom condominium listed at a List Price of $159,900. The property is currently priced slightly above its $156,064 Fair Market Value. Featuring a Condition Rating of 3, the unit offers a turn-key interior with granite countertops and central HVAC, currently occupied by reliable tenants. While the local school district maintains lower ratings, the property delivers a robust 12.7% gross cap rate. This asset is an ideal acquisition for Buy-and-Hold Investors or income-focused landlords seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7384 Franklin Boulevard 4 Subject | $159,900* List Price | 2 | 1 | 924 | $169 | - |
A 105 La Fresa Court 4 Sold | $144,000 | 2 | 1 | 924 | $156 | 0.0 mi |
B 57 La Fresa Court 4 Sold | $159,000 | 2 | 1 | 924 | $172 | 0.0 mi |
C 4359 Shining Star Drive 4 Sold | $149,000 | 2 | 1 | 924 | $161 | 0.1 mi |
D 7304 Franklin Boulevard 3 Sold | $140,000 | 2 | 1 | 840 | $167 | 0.1 mi |
E 7400 Franklin Boulevard 1 Active | $139,000 List Price | 2 | 1 | 795 | $175 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building was constructed in 1970, the unit features mid-range renovations including granite countertops and laminate flooring that appear to be within the 5-15 year range. The inclusion of central heating and air, along with its 'turn-key' status for tenants, makes it well-maintained and move-in ready despite dated cabinetry and layout.
The property boasts a remarkable 12.7% gross cap rate, offering exceptional cash flow potential that is significantly higher than typical residential averages in the region.
Featuring modern granite countertops, tile and laminate flooring, and central HVAC, the unit is in move-in-ready condition, reducing the need for immediate capital improvements.
The unit comes with reliable tenants already in place, providing the new owner with immediate rental income and eliminating the initial vacancy risk and leasing costs.
The monthly HOA fee of $395 is relatively high given the purchase price, which places a significant burden on the net operating income and overall ROI.
The surrounding public schools are predominantly low-rated (mostly 2-4 range), which may limit the property's appeal to families and impact long-term appreciation potential.
Perfect investment unit. 2 bedroom 1 bathroom. Turn key condition with great tenants in place. One car shared garage. Granite counter tops. Tile and laminate floors. Shower stall and a bathtub. Central heating and air. 12.7% gross cap rate at this price. Its a good long term investment.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.8 mi
Grades 4-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 924 | - |
| Lot Size | - | - |
| Price | $159.9K | $323.6K |
| Price per sq ft | $173 | $284 |
| Built year | 1970 | 0 |
| HOA | $395 | $0 |
| Days on market | 16 | 56 |
Jul 6, 2026
$159,900
Initial Listing
Oct 7, 2022
$165,000
Public Record
Jan 19, 2021
$140,000
Public Record
Dec 1, 2003
$30,000
Public Record
Nov 6, 1998
$7,000
Public Record
Dec 1, 1994
$35,000
Public Record