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5650 Broadway
Sacramento, CA 95820
Multifamily Property For Sale
·
3 Units
Investment Highlights
- 3 parcel portfolio available for sale in Tahoe Park
- Preliminary plans to construct up to 8 ADUs on the excess land
- Both buildings underwent a substantial renovation within the last five years
- Located less than 1 mile from Aggie Square
Executive Summary
Turton Commercial is pleased to market for sale 5650 Broadway (the "Property", a three-parcel portfolio in the Tahoe Park neighborhood of Sacramento. The Property features three residential units including a single-family residence situated on Broadway and a single-story duplex located behind the single-family residence. All three units were renovated between 2021 and 2023 including new roofs, gutters, HVAC units, plumbing, electrical, exterior stucco, dual pane windows, exterior and interior paint, kitchens, bathrooms, flooring, and lighting. Inspection reports for both structures are available upon request.
The three units are situated on three contiguous parcels measuring approximately 26,170 square feet (.60). The ownership has completed preliminary plans to construct 8 additional residential units on the residual land, which would increase the total residential court to 11 units. The eight proposed units include one duplex (2 units) and 6 accessory dwelling units (ADUs) measuring 599 square feet, each with one bedroom and one bathroom.
The Property is located squarely in Tahoe Park, a predominately single-family residential neighborhood located adjacent to East Sacramento and Tahoe Park. The Property is located .2 miles from Tahoe Park, a 19-acre public park with large gathering areas, community pool, softball and soccer fields, and a perimeter walking trail. The Property is also less than 1 mile from Aggie Square, a state-of-the-art research and innovation hub located adjacent to UC Davis Medical Center. Aggie Square will feature 680,000 square feet of science, technology, and research space; a 50,000 square foot rehabilitation hospital; 120,000 square feet of classroom space; and 28,000 square feet of community space at a total cost of approximately $1.2 billion. Aggie Square will employ thousands of highly paid and skilled professionals from all over the world, brining an influx of qualified tenants and homeowners to the immediately surrounding area.
The three units are situated on three contiguous parcels measuring approximately 26,170 square feet (.60). The ownership has completed preliminary plans to construct 8 additional residential units on the residual land, which would increase the total residential court to 11 units. The eight proposed units include one duplex (2 units) and 6 accessory dwelling units (ADUs) measuring 599 square feet, each with one bedroom and one bathroom.
The Property is located squarely in Tahoe Park, a predominately single-family residential neighborhood located adjacent to East Sacramento and Tahoe Park. The Property is located .2 miles from Tahoe Park, a 19-acre public park with large gathering areas, community pool, softball and soccer fields, and a perimeter walking trail. The Property is also less than 1 mile from Aggie Square, a state-of-the-art research and innovation hub located adjacent to UC Davis Medical Center. Aggie Square will feature 680,000 square feet of science, technology, and research space; a 50,000 square foot rehabilitation hospital; 120,000 square feet of classroom space; and 28,000 square feet of community space at a total cost of approximately $1.2 billion. Aggie Square will employ thousands of highly paid and skilled professionals from all over the world, brining an influx of qualified tenants and homeowners to the immediately surrounding area.
Property Facts
| Price Per Unit | $729,189 CAD | Lot Size | 0.60 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1954 |
| Building Class | C | ||
| Zoning | R-1 | ||
| Price Per Unit | $729,189 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1954 |
| Zoning | R-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1.5 | 2 | - | - |
| 3+2.5 | 1 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $718,200 CAD | |
| Land Assessment | $515,074 CAD | Total Assessment | $1,233,274 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$515,074 CAD
Improvements Assessment
$718,200 CAD
Total Assessment
$1,233,274 CAD
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