2860 Florin Road

Sacramento, CA 95822

$2,699,000
Price
3
Beds
10
Baths
10,401 Sq. Ft.
$259 / Sq. Ft.
10,401
Sq. Ft.
$259
per Sq. Ft.

Description

Looking for a smart investment opportunity in Sacramento, CA? Look no further than this residential and commercial property for sale! With nearly 1 acre of prime land (0.98 AC) and 10 multifamily apartments plus 2 commercial units, this property offers a perfect balance of rental income and new project development potential for developers and investors alike. The apartment buildings are split into two structures. Building 1 includes units 1-6, which are 780 square feet with 2 bedrooms and 1 bathroom...Looking for a smart investment opportunity in Sacramento, CA? Look no further than this residential and commercial property for sale! With nearly 1 acre of prime land (0.98 AC) and 10 multifamily apartments plus 2 commercial units, this property offers a perfect balance of rental income and new project development potential for developers and investors alike. The apartment buildings are split into two structures. Building 1 includes units 1-6, which are 780 square feet with 2 bedrooms and 1 bathroom each. Building 2 includes units 7-10, which are 580 square feet with 1 bedroom and 1 bathroom each. In addition to the multifamily apartments, the property features a 3,300-square-foot commercial space in Building 3 with 2 tenants. This property offers an excellent location in Sacramento and a spacious lot for future development. And with the ability to earn rental income while navigating permits for new projects, the opportunity is knocking! Don't wait - act now to take advantage of this investment opportunity.
  1. Listed by Steve Hovakimyan • DRE #01363908 • Brokerage DRE #01932421 • City Center Realty Group • 818-209-0922

Property Details for 2860 Florin Road

Parking Spaces Total
0
Private Pool
No
Total Units
13.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
10401
Assessor Parcel Number
04900210060000
Property Attached YN
true

Location

Listing Courtesy of City Center Realty Group, Steve Hovakimyan, DRE #01363908
Add your commute
LISTING UPDATED: 02/25/2024 10:14 PM

Property Details for 2860 Florin Road

StatusActive
MLS #BB23216908
Days on Compass156
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1962
Lot Size0.98 AC / 42,734 SF
CountySacramento County

Location

Listing Courtesy of City Center Realty Group, Steve Hovakimyan, DRE #01363908
Add your commute

Building Information for 2860 Florin Road

Stories2Residences-Year Built1962Building Size-Lot Size0.98 AC / 42,734 SF

Payment Calculator

$16,541 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,730

Property Taxes

$1,811

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2860 Florin Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $132,000
  • Gross Scheduled Income: $132,000
  • Net Operating Income: $92,929
Expense Details
  • Operating Expense: $39,071
  • Fuel Expense: $0
  • Electric Expense: $3,600
  • Insurance Expense: $4,560
  • Professional Management Expense: $0
  • Other Expense: $3,780
  • Other Expense Description: gas
  • Trash Expense: $1,800
  • Water Sewer Expense: $3,600
  • Total Expenses: $13,560
Tax / Assessment Info
  • Tax Census Tract: 42.03
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Street Lights
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Entry Location: Ground Level w/ Steps
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Value In Land
  • Land Use: Multi-Family
  • Number Of Units: 13
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 780
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,863
  • Unit Type Total Rent: $4,863
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 580
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,657
  • Unit Type Total Rent: $2,657
  • Unit Type Pro Forma: 4700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $700
  • Unit Type Total Rent: $700
  • Unit Type Pro Forma: 700
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $300
  • Unit Type Total Rent: $300
  • Unit Type Pro Forma: 300
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 2860 Florin Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2860 Florin Road

Taxable ValueLand$408,000Additions$1,122,000Total$1,530,000
Tax Record2023$21,731 ($1,811 / month)
Home Facts
Total Finished SqFt10,401 SqFtAbove Grade Finished SqFt10,401 SqFtStories2Lot Size42,734 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningC-2CountySACRAMENTOAPN049-0021-006-0000

Schools near 2860 Florin Road

This home is within Sacramento City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - K to 12
Public - 9 to 12
Public - 4 to 6
Rating
School
Distance
Edward Kemble Elementary School
PublicK to 3

Capital City Independent Study School
PublicK to 12

Luther Burbank High School
Public9 to 12

Cesar Chavez Intermediate School
Public4 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2860 Florin Road is a mixed use property for sale in Sacramento, CA 95822. This property was listed for sale on November 27, 2023 by City Center Realty Group, it's currently listed at $2,699,000. It has been on the market for a total of 156 days and was last sold on September 28, 2021. This listing's school district is Sacramento City Unified School District. Nearby schools include Edward Kemble Elementary School, Capital City Independent Study School and Luther Burbank High School. 2860 Florin Road is a 3-bed, 10-bath, 10,401 sqft mixed use property built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of City Center Realty Group, Steve Hovakimyan, DRE #01363908

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.