5650 Broadway - Apartments FOR SALE


Sacramento, CA 95820- Tahoe Park
$2,000,000 USD
916-508-9556
5650 Broadway, Sacramento, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

5650 Broadway
Sacramento, CA 95820
Tahoe Park


HIGHLIGHTS

  • Infill Residential Development Opportunity with Income
  • Lot Size: +/- 26,170 SF (0.60 acres)
  • Existing Units: 3 fully renovated rentals (2023)
  • Central Tahoe Park location
  • Minutes from UC Davis Med Center, coffee, retail, transit

OVERVIEW

PDF powered by eXp Commercial is pleased to present a prime value-add residential investment and development opportunity in the heart of Sacramento’s Tahoe Park neighborhood. Located at 5650 Broadway, the offering includes three contiguous parcels totaling +/- 26,170 square feet (approximately 0.60 acres), featuring a mix of income-producing residential units and the potential for additional housing density. The property features three fully renovated rental units completed in 2023, consisting of a front-facing single-family home along Broadway and a well-finished duplex at the rear. All units are currently leased, generating additional monthly income. Renovations addressed all major systems, presenting a turnkey investment with stable in-place cash flow. Beyond the immediate income, the property includes conceptual plans for the addition of eight new residential units, bringing the total potential unit count to eleven (11). The proposed expansion includes one newly constructed duplex and six thoughtfully designed Accessory Dwelling Units (ADUs). This infill site is ideally positioned less than a mile from the expanding UC Davis Medical Center campus and the transformative Aggie Square development — a $1.1 billion innovation hub currently under construction and set to open May of 2025. Once complete, Aggie Square will add over 800,000 square feet of cutting-edge research, healthcare, academic, and community space to the region, driving demand from professionals seeking quality housing nearby. With strong rental fundamentals, proximity to major employment hubs, and development-ready potential, 5650 Broadway presents a rare opportunity for investors and developers alike to capitalize on one of Sacramento’s most dynamic submarkets.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$667 USD /SF

# OF UNITS

3

PRICE/UNIT

$666,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,170 SF

ZONING

R-1

APN/PARCEL ID

015-0061-007,015-0061-030,015-0061-031

ASK ABOUT THIS PROPERTY

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916-508-9556

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Jon BiaseXp CommercialMore Info
916-508-9556

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