5641 53Rd StSacramento, CA 95824

Property Details for 5641 53Rd St

Year built

1954

Property size (Sq ft)

1,944 SF

Property type

Apartment buildings

Description

This exceptional four-unit apartment building, located at 5641 53rd Street in Sacramento, CA 95824, presents a compelling investment opportunity. Built in 1954 and extensively renovated in 2021, this property boasts 1,944 square feet on a 6,098 square foot lot (approximately 0.14 acres). The property features excellent visibility and is situated in a densely populated residential area, offering convenient access to Highway 80. Its prime location near the intersection of Fruitridge Road and Stockton Avenue provides easy access to Stockridge Plaza, which offers a variety of restaurants, and is also close to local parks and schools, ranging from elementary to high school. Downtown Sacramento is approximately an 18-minute drive away. Each of the four units offers significant upside potential through increased rents and filling any vacancies. The asking price is $720,000, representing $180,000 per unit and $370.37 per square foot. This property offers a strong return on investment in a thriving California market. The city of Sacramento is known for its diverse economy, including healthcare, technology, and innovation, along with a desirable year-round climate.

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.5242

Longitude

-121.444

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