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Sacramento, CA 95822 2860 Florin Road

$2,699,000

Presented By: Steve Hovakimyan with City Center Realty Group; 818-209-0922
  • MLS# BB23216908
  • 11/27/2023
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  • BedBeds • 16
  • BathBaths • 2
  • FootageSQFT • 10,401

Home Details

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.
Presented By: Steve Hovakimyan with City Center Realty Group; 818-209-0922

Interior Features for 2860 Florin Road

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Street SuffixRoad
Total Stories2

Other Rooms

Entry Level1

General for 2860 Florin Road

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CitySacramento
Community FeaturesStreetLights
CountySacramento
Days on Market91
DirectionsFrom 5N Take exit Florin E - Corner of Florin and 29th st
Electric Expense3600.0
Entry LocationGround Level w/ Steps
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income132000.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense4560.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet42734.0
MLS AreaSCTO - Sacramento
MobileHomeRemainsYNNo
Net Operating Income92929.0
New ConstructionNo
Operating Expense39071.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerUnknown
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameFlorin
Tax Lot1
Total Units13
Trash Expense1800.0
View Y/NNo
Water Sewer Expense3600.0
Waterfront Y/NNo
Year Built1962
Year Built SourceAssessor
ZoningC-2

Exterior for 2860 Florin Road

Building Area Total10401.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesValueInLand
Lot Size Acres0.981
Lot Size Area42734.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters2
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,699,000
MLS#BB23216908
List Date 11/27/2023
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors