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$120,000 Unit | 7.90% CAP | $350,000 CAPEX 3723 Jasmine St 10 Unit Apartment Building $1,674,240 CAD ($167,424 CAD/Unit) 7.90% Cap Rate Sacramento, CA 95838



INVESTMENT HIGHLIGHTS
- Stabilized Opportunity: Well-maintained 10-unit asset
- Prime Location: Centrally located near dining, shopping, and transit in East Del Paso Heights
- RUBS Potential: Add utility billing for water, sewer, and garbage to boost NOI
- Unit Mix: Eight studios and two one-bed units appealing to diverse renters
- No Deferred Maintenance | Roughly $350,000 in CAPEX 2023-2025
- Convenient Parking: On-site and ample street parking for residents and guests
EXECUTIVE SUMMARY
Catalyst Commercial Partners is pleased present 3723 Jasmine St in Sacramento which provides investors an excellent opportunity to own a well-maintained multifamily asset on Jasmine Street. Situated in a Class C+ neighborhood within East Del Paso Heights, the property presents a compelling Stabilized opportunity for investors seeking to increase cash flow and achieve long-term appreciation. With strong tenant demand and a solid rental foundation, the asset is well-positioned for a pure cashflow opportunity.
Featuring ten total units, including eight studios and two one-bedroom, one-bathroom units, the property offers a diverse and efficient unit mix that appeals to a wide range of tenants. It is ideally located in the heart of East Del Paso Heights, providing residents with convenient access to nearby dining, shopping, and transit options. The building has been Extensively Renovated, ensuring long-term structural integrity and strong curb appeal, while on-site and ample street parking further add to its accessibility and tenant convenience.
There is also strong potential for RUBS (Ratio Utility Billing System) implementation, allowing the new owner to bill tenants for utilities such as water, sewer, and garbage, thereby improving the property’s net operating income (NOI). Additionally, the property benefits from minimal ongoing maintenance due to recent renovations and upgrades. Long-term tenants have maintained their units well, and with no deferred maintenance under the current ownership, the asset provides a turnkey investment opportunity with stable cash flow and clear upside potential through strategic management and rent optimization.
Please contact Elon Harmon for marketing package.
(916)-769-5299
Featuring ten total units, including eight studios and two one-bedroom, one-bathroom units, the property offers a diverse and efficient unit mix that appeals to a wide range of tenants. It is ideally located in the heart of East Del Paso Heights, providing residents with convenient access to nearby dining, shopping, and transit options. The building has been Extensively Renovated, ensuring long-term structural integrity and strong curb appeal, while on-site and ample street parking further add to its accessibility and tenant convenience.
There is also strong potential for RUBS (Ratio Utility Billing System) implementation, allowing the new owner to bill tenants for utilities such as water, sewer, and garbage, thereby improving the property’s net operating income (NOI). Additionally, the property benefits from minimal ongoing maintenance due to recent renovations and upgrades. Long-term tenants have maintained their units well, and with no deferred maintenance under the current ownership, the asset provides a turnkey investment opportunity with stable cash flow and clear upside potential through strategic management and rent optimization.
Please contact Elon Harmon for marketing package.
(916)-769-5299
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,674,240 CAD | Apartment Style | Garden |
| Price Per Unit | $167,424 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 7.90% | Building Size | 10,000 SF |
| Gross Rent Multiplier | 8.89 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Zoning | R-1 - Low density residential | ||
| Price | $1,674,240 CAD |
| Price Per Unit | $167,424 CAD |
| Sale Type | Investment |
| Cap Rate | 7.90% |
| Gross Rent Multiplier | 8.89 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | R-1 - Low density residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | 380 - 400 |
| 1+1 | 2 | - | 380 - 400 |
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 252-0112-003 | Total Assessment | $1,247,804 CAD (2025) |
| Land Assessment | $396,361 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $851,443 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
252-0112-003
Land Assessment
$396,361 CAD (2025)
Improvements Assessment
$851,443 CAD (2025)
Total Assessment
$1,247,804 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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$120,000 Unit | 7.90% CAP | $350,000 CAPEX | 3723 Jasmine St
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