$1,215,000
$1,295,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
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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© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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