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3222 2nd Ave 8 Unit Apartment Building $2,496,091 CAD ($312,011 CAD/Unit) 6.06% Cap Rate Sacramento, CA 95817
Investment Highlights
- Quartz Countertops, Brushed Nickel Hardware, Stainless Steel Appliances, Updated Lighting Fixtures, and In-Unit Washer/Dryer in Renovated Units.
- Well-Maintained & Improved Eight-Unit Multifamily Building.
- Poised For Continued Rent Growth & Price Appreciation Due to Desirable Location.
- Excellent Location, Walking Distance to Broadway Triangle, and Close Proximity to Midtown/Downtown Sacramento.
- Stabilized Asset with Proven Value-Add Strategy.
Executive Summary
ALIVE Commercial Real Estate is pleased to present 3222 2nd Avenue, an eight-unit apartment community located in Sacramento, California. The property is comprised of eight spacious one-bedroom/one-bathroom units, each approximately 700 square feet. The majority of the units have been recently updated with laminate flooring, updated bathroom fixtures, modern cabinetry, new kitchen appliances, and in-unit washer/dryers — allowing new ownership to benefit from immediate operational efficiencies and enhanced tenant demand. The building features a durable stucco exterior, pitched composition shingle roof, dual-pane windows, and controlled access. New ownership will acquire a stabilized asset with a clearly defined value-add strategy through completion of renovations on the remaining units and the ability to achieve meaningful rent premiums in a supply-constrained submarket.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$203,347
|
$29.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$203,347
|
$29.90
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $203,347 |
| Annual Per SF | $29.90 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $203,347 |
| Annual Per SF | $29.90 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,496,091 CAD | Building Class | C |
| Price Per Unit | $312,011 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 6,800 SF |
| Cap Rate | 6.06% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2008 |
| Property Subtype | Apartment | Parking Ratio | 0.37/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2B | ||
| Price | $2,496,091 CAD |
| Price Per Unit | $312,011 CAD |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2008 |
| Parking Ratio | 0.37/1,000 SF |
| Zoning | R2B |
Amenities
Unit Amenities
- Air Conditioning
- Double Pane Windows
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,118 CAD | 700 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 010-0371-006 | Improvements Assessment | $1,629,564 CAD |
| Land Assessment | $581,987 CAD | Total Assessment | $2,211,552 CAD |
Property Taxes
Parcel Number
010-0371-006
Land Assessment
$581,987 CAD
Improvements Assessment
$1,629,564 CAD
Total Assessment
$2,211,552 CAD
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3222 2nd Ave
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