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10 Nedra Ct 4 Unit Apartment Building $1,232,863 CAD ($308,216 CAD/Unit) 4.50% Cap Rate Sacramento, CA 95822
Investment Highlights
- Four-unit multifamily property in the Meadowview neighborhood with easy access to I-5 and Highway 99, connecting to Downtown and surrounding areas.
- All units feature forced heating, central A/C, plus on-site laundry and one-car carport parking per unit.
- Unique two-story layout with a mix of unit types: one front flat, two townhome-style units, and one rear second-story flat.
Executive Summary
10 Nedra Court is a four-unit multifamily property located in the Meadowview neighborhood of Sacramento, California. The property offers convenient access to major transportation corridors, including Interstate 5 and Highway 99, providing efficient connectivity to Downtown Sacramento and the greater Sacramento region.
Constructed as a two-story McKeon-style building, the property features a unique unit layout consisting of four units: a front flat unit, two townhome-style units positioned along the sides of the building, and a rear second-story flat unit. This mix provides desirable layouts for tenants while maximizing efficient use of the building footprint.
Each unit is equipped with forced heating and central air conditioning, offering residents year-round comfort. The property also includes on-site laundry facilities and a dedicated one-car carport space for each unit, providing added convenience and parking for tenants.
The surrounding area provides strong local amenities and retail access. The property is located just a short drive from Downtown Sacramento and Delta Shores, a major retail and entertainment center featuring national retailers, restaurants, and entertainment options.
Constructed as a two-story McKeon-style building, the property features a unique unit layout consisting of four units: a front flat unit, two townhome-style units positioned along the sides of the building, and a rear second-story flat unit. This mix provides desirable layouts for tenants while maximizing efficient use of the building footprint.
Each unit is equipped with forced heating and central air conditioning, offering residents year-round comfort. The property also includes on-site laundry facilities and a dedicated one-car carport space for each unit, providing added convenience and parking for tenants.
The surrounding area provides strong local amenities and retail access. The property is located just a short drive from Downtown Sacramento and Delta Shores, a major retail and entertainment center featuring national retailers, restaurants, and entertainment options.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$92,568
|
$25.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,777
|
$0.77
|
| Effective Gross Income |
$89,791
|
$24.82
|
| Taxes |
$14,121
|
$3.90
|
| Operating Expenses |
$20,212
|
$5.59
|
| Total Expenses |
$34,333
|
$9.49
|
| Net Operating Income |
$55,458
|
$15.33
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $92,568 |
| Annual Per SF | $25.59 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,777 |
| Annual Per SF | $0.77 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $89,791 |
| Annual Per SF | $24.82 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,121 |
| Annual Per SF | $3.90 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,212 |
| Annual Per SF | $5.59 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $34,333 |
| Annual Per SF | $9.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $55,458 |
| Annual Per SF | $15.33 |
Property Facts
| Price | $1,232,863 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $308,216 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.50% | Building Size | 3,617 SF |
| Gross Rent Multiplier | 13.32 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Zoning | R-3, City/Sacramento | ||
| Price | $1,232,863 CAD |
| Price Per Unit | $308,216 CAD |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| Gross Rent Multiplier | 13.32 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,617 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | R-3, City/Sacramento |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,963 CAD | 904 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 048-0231-003 | Total Assessment | $554,474 CAD |
| Land Assessment | $165,021 CAD | Annual Taxes | $14,121 CAD ($3.90 CAD/SF) |
| Improvements Assessment | $389,454 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
048-0231-003
Land Assessment
$165,021 CAD
Improvements Assessment
$389,454 CAD
Total Assessment
$554,474 CAD
Annual Taxes
$14,121 CAD ($3.90 CAD/SF)
Tax Year
2025
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