Property Details
About this Property
Strategically priced for a quick sale with strong upside, this welllocated multifamily property is located in an Opportunity Zone! 717 Lampasas Avenue features 8 fully remodeled units across two separate 4-plex buildings, each with 2 bed / 1 bath units. All interiors have been upgraded with luxury vinyl plank flooring, new appliances, new doors, paint, and modern bathrooms. Dual-pane windows and fresh exterior paint complete the improvements. The buildings sit on a spacious half-acre lot with potential for future development access from Traction Ave may allow for additional units or ADUs (buyer to verify). Pro forma rents of nearly $150K/year, 7.2% CAP, and 8.8 GRM offer strong returns. Property is fully occupied, with 16 parking spaces, separate water meters per building, and a newer roof (2012). Gated for privacy and security. Located minutes from downtown Sacramento, shopping, parks, and transit. Possibility to subdivide and resell as two 4-plexes for added flexibility. Ideal for investors seeking immediate cash flow with long-term upside in one of Sacramento's most promising redevelopment corridors. Priced to sell motivated seller!
MLS Listing Information
MLS #
ML82031283
MLS Source
MLSListings, Inc.
Days on Site
82
Interior Features
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 0 Car(s)
Water
Public
Zoning
R-2B
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 8 | 2 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 2 | 1/0 | $1,449 | $1,580 | 8 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
717 Lampasas Ave is a Residential Income in Sacramento, CA 95815. This 7,136 square foot property sits on a 22,500 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,295,000 and was built in 1963. This address can also be written as 717 Lampasas Ave, Sacramento, CA 95815.
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This listing information is up-to-date as of January 15, 2026. For the most current information, please contact Alexey Blokhin, (650) 204-0443
