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Preet Sandhu

preet@riserealtyca.com +1(559) 907-9993

$ 3,136,000

Est. payment | -/mo

1.21 Acres Lot

Save

$ 3,136,000

Est. payment | -/mo

Save

1.21 Acres Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226129164

HOA Y/N No

Year Built 1960

Lot Size 1.210 Acres

Acres 1.21

Property Sub-Type Mixed Use

Source MLS Metrolist

Property Description

2635 Fairfield Street, Sacramento, CA, presents an exceptional, high-yield acquisition for savvy investors seeking substantial upside. This 45-unit apartment complex is offered as-is, presenting a classic value-add play with clear pathways to long-term wealth generation through strategic positioning and property stabilization. The property features significantly below-market rents with the ability for immediate rent adjustments. At just under $67,500 per door, this asset offers immediate cash-flow stabilization, rent optimization, and physical development expansion in the growing Sacramento market, allowing the next owner to capture significant upside. By addressing deferred maintenance and executing a targeted renovation program, a new owner can systematically increase rents to prevailing market rates, significantly boosting Net Operating Income (NOI) and driving capital appreciation. Desirable Unit Mix & Layouts: The complex features a uniform asset profile consisting of all 1-bedroom, 1-bathroom units. Each apartment offers comfortable living space, full-sized kitchens, and generous walk-in closets for excellent tenant storage. Community Amenities & Asset Features: The property features a laundry facility equipped with brand-new washers and dryers, creating an immediate auxiliary revenue stream. Additional amenities include ample on-site parking and dedicated outdoor space suitable for a community playground or picnic area. Rare Expansion Opportunity- 9,000 SQ FT Development Pad: In addition to the existing 45 units, the site includes an approximately 9,000-square-foot development pad. This versatile land provides the opportunity to build an additional residential building to scale the portfolio or expand community play areas and tenant amenities to drive top-of-market rental premiums.

Location

State CA

County Sacramento

Area 10815

Direction From Norwood Ave, head toward Lampasas Avenue. Turn left onto Fairfield Street. The property at 2635 Fairfield Street will be on your left.

Location Details Neighborhood

Interior

Heating Wall Furnace

Cooling Window Unit(s)

Flooring Carpet, Linoleum

Exterior

Parking Features Uncovered, See Remarks, Other

Utilities Available Cable Available, Sewer Connected, Internet Available, Primary Gas Meter, Primary Water Meter

Water Access Desc Meter on Site

Roof Type Flat

Total Parking Spaces 60

Building

Story 2

Sewer Public Sewer

Water Meter on Site

Others

Senior Community No

Tax ID 263-0163-030-0000

Special Listing Condition None

Listed by Keller Williams Realty

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 907-9993

preet@riserealtyca.com

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2635 Fairfield ST Sacramento, CA 95815