$1,700,000 USD
916-412-6868
1617-1621 Lisbon Ave
West Sacramento, CA 95605
Riverpoint
HIGHLIGHTS
- Massive upside
- Well below market rents
- Possibility to convert unused auditorium into 3 units and possible addition of 1 or 2 ADU units
- Landlord is currently not charging utility RUBS. Can capture an additional $10k-$14k annually by instituting a $70 to $100 RUBS program
- All units can accept rent increases for the 2025 year
- Owner is keeping One unit vacant for viewing but can lease or keep vacant for potential buyer request
OVERVIEW
Massive upside
Well below market rents
Possibility to convert unused auditorium into 3 units and possible addition of 1 or 2 ADU units
Landlord is currently not charging utility RUBS. Can capture an additional $10k-$14k annually by instituting a $70 to $100 RUBS program
All units can accept rent increases for the 2025 year
Owner is keeping One unit vacant for viewing but can lease or keep vacant for potential buyer request
FOR SALE DETAILS
PRICE
$1,700,000 USD
PRICE/SF
$117 USD /SF
# OF UNITS
12
PRICE/UNIT
$141,667
CAP RATE
7.76%
% LEASED
92%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
1617 Lisbon Ave - West Sacramento
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1950
PARKING SPACES
22
LAND DETAILS
LAND ACRES
1.03 AC
LAND SF
44,867 SF
ZONING
R1-A, W Sacramento
APN/PARCEL ID
014-074-015-000
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916-412-6868
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916-412-6868
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