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1617 Lisbon Ave - West Sacramento 1617-1621 Lisbon Ave 12 Unit Apartment Building $2,619,473 CAD ($218,289 CAD/Unit) 5.57% Cap Rate West Sacramento, CA 95605
Executive Summary
Kidder Mathews is pleased to exclusively offer for sale 1617-1621 Lisbon Avenue in West Sacramento, California. This 12-unit apartment complex features a diverse mix of one-, two-, and three-bedroom floor plans. Constructed in 1950, half of the units have been fully renovated with updated flooring, new kitchens and bathrooms, and dual-pane windows.
Lisbon Avenue presents a unique value-add opportunity for investors through the conversion of an unused auditorium situated in the center of the property into potentially two townhome-style units. The expansive one-acre lot includes a large grass area ideal for an additional Accessory Dwelling Unit (ADU).
Lisbon Avenue presents a unique value-add opportunity for investors through the conversion of an unused auditorium situated in the center of the property into potentially two townhome-style units. The expansive one-acre lot includes a large grass area ideal for an additional Accessory Dwelling Unit (ADU).
Property Facts
| Price | $2,619,473 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $218,289 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.03 AC |
| Cap Rate | 5.57% | Building Size | 14,525 SF |
| Gross Rent Multiplier | 10.85 | Average Occupancy | 92% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1.83/1,000 SF |
| Zoning | R1-A, W Sacramento - Single Family Residential | ||
| Price | $2,619,473 CAD |
| Price Per Unit | $218,289 CAD |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| Gross Rent Multiplier | 10.85 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 14,525 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | R1-A, W Sacramento - Single Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Range
- Yard
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 014-074-015-000 | Improvements Assessment | $1,201,895 CAD |
| Land Assessment | $629,193 CAD | Total Assessment | $1,831,088 CAD |
Property Taxes
Parcel Number
014-074-015-000
Land Assessment
$629,193 CAD
Improvements Assessment
$1,201,895 CAD
Total Assessment
$1,831,088 CAD
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1617 Lisbon Ave - West Sacramento | 1617-1621 Lisbon Ave
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