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4140 Broadway

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Address: 4140 Broadway, Sacramento, CA 95817, USA

California & West + 2-4 Units

Created date: July 2, 2024

Date last updated: November 11, 2024

• Renovated in 2021
• Strong in-fill location
• All 2bedroom units
• Wood laminate flooring
• New cabinets and counters
• Updated bathroom and vanity
• Individual meter for gas and electric

Property Description

We are pleased to present 4140 Broadway, a duplex investment opportunity located in vibrant North Oak Park community of Sacramento. This neighborhood is home to McGeorge School of Law, James McClatchy Park, Sacramento High School, and proximity to UC Davis Medical Center which is going through a massive expansion. Over the past decade, Kevin Johnson, the former Mayor of Sacramento and ex-NBA basketball player led a renaissance and revitalization of this community. There have been significant investments within the neighborhood with new housing, renovated homes, restaurants, breweries, coffee shops, and other amenities that make North Oak Park an example of what can be accomplished when residents work together. This area further benefits with access to Downtown-Midtown, Arden Arcade, and other submarkets within the Sacramento region. The subject property is two – two bedroom/one bath apartment units that were originally built in 1935 and renovated in 2021. There is 2,112 square feet of livable space and both units are under rented at this time. Both units have wood laminate flooring, granite counter tops in the kitchen and vanity, new cabinets in the kitchen along with gas stoves. The upstairs unit has wood laminate in the bathroom and benefits from central heat and air. The downstairs unit has a tiled bathroom and wall heat and air condition. Both units individually metered for gas and electricity which is paid for by the residents. Currently, the owner is paying all common area utilities where a new buyer will want to implement a Ratio Utility Billing System (RUBS) to bill back a portion of these charges to the residents. This has become a more common practice in California with charges ranging between $25-$75 per unit in addition to the residents’ standard monthly rent.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Highest & best offer
Property Types:	2-4 Units
Price:	$598,000
No. of Units:	2
Year Built:	1935
Year Renovated:	2021
Building Size:	2,112 Sq ft
Lot Size:	0.08 Acres
No. of Stories:	2
APN:	014-0187-022
Zoning Code:	C-1-SPD
Opportunity Zone:	No
Price per unit:	$299,000