717 Lampasas Avenue, Sacramento, CA 95815
Listed by Alexey Blokhin • Real E-State

$1,215,000

$1,295,000

6.2%
Est.Price: ?

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Est. payment /mo

7,136 SqFt


SOLD DATE : 07/14/2026

Key Details

Sold Price $1,215,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 7,136 sqft

Price per Sqft $170

MLS Listing ID ML82031283

Sold Date 07/14/26

HOA Y/N No

Year Built 1963

Lot Size 0.517 Acres

Property Sub-Type Other

Source Datashare MLSListings

Property Description

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!

Location

State CA

County Sacramento

Interior

Heating Wall Furnace

Fireplace No

Building

Water Public

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Bay East Association of Realtors
NEARBY SCHOOLS & BUSINESSES
Srinivas Kolli

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