Active

5650 Broadway

Sacramento CA, 95820

$2,375,000


Active

Multi-family

Built in 1934

5650 Broadway is a 3-parcel "value-add" development opportunity located in the Tahoe Park neighborhood of Sacramento. The Property currently features 3 residential units including a single-family residence on Broadway and a single-story duplex located behind the SRF, all of which are in exceptional condition. The three existing units are currently rented for a total of $8,450 per month gross. The Property also represents significant upside in the underutilized land over its three contiguous parcels totaling .60 acres. Existing preliminary architectural plans map the construction of eight additional units including one duplex (2 units) and 6 accessory dwelling units measuring 599 square feet to streamline the development process and minimize development fees for the project. The Property sits less than a mile from existing UC Davis medical facilities and Aggie Square, the state-of-the-art research and innovation center that is currently under construction. The project will bring thousands of highly-paid professionals to the neighborhood, many of which will seek well-located & upscale unit.

224004384

MLS ID

January 16, 2024

Listed

May 22, 2024

Updated

Map

5650 Broadway
Sacramento CA, 95820

Interior Features

Total Stories

2


Interior Features

Vinyl


Floor Description

Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.16 Acres


Sewer

Public Sewer

School Information

School District

Sacramento Unified

Other Property Details

Area Name

10820


Garage

No


Parking Total

11


View

No


County

Sacramento


Water Source

Public


Pool

No


Zoning

R-1-Single Family Residential


Buyer Agency Compensation

2%

Courtesy of Ken Turton, Broker, Jon Lang,
Listing Contact:  

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