2129 Marconi Avenue
Sacramento, CA 95821
- 4 beds
- 2 baths
- 1,452 sqft
- 6,970 sqft lot
- $292 per sqft
- 1940 build
- – on site
INVESTOR'S FANTASY An exceptional opportunity emerges to acquire property lining Marconi Ave with C-2 Commercial zoning, boasting the potential for subsequent commercial development. There is also the potential to enhance rental income upto $250,000 by adding Additional Dwelling Units (ADUs) on each lot, leveraging the CalHFA grant of up to $40,000 for ADU pre-development. This portfolio is strategically situated within the Opportunity Zone - tax deferral program for capital gain and enjoys a substantial average daily traffic (ADT) of 26,926 vehicles along Marconi Ave. In reference to other listings, the portfolio encompasses 8 residential units(4 SFR, 2 DUPLEXES) dispersed across 6 lots. These properties are identified as 2117, 2121, 2125, 2129, 2133, 2137 Marconi Avenue, Sacramento. The portfolio generates income through the rental of 1 Commercial Sign Board. Altogether, these properties, including the Sign Board, yield a gross rental income of $150,000.00. Refer to the attached offering memorandum.
Listing courtesy of METROLIST / KW CA Premier - Sacramento
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Last updated Apr 7, 2024
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MLS# 223082504 —
Walk Score®
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Bike Score®
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Transit Score®
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Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/7/24
Feb 7, 2024
|
Relisted | METROLIST | $425,000 | |
2/2/24
Feb 2, 2024
|
Pending | METROLIST | $425,000 | |
10/12/23
Oct 12, 2023
|
Price Changed | METROLIST | $425,000 | -2.3% |