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Image 1 - 2129 Marconi Ave, Sacramento, California, 95821 - House for sale

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Home For Sale In Sacramento, California

2129 Marconi Ave, Sacramento, California, 95821

Home For Sale In Sacramento, California

house for sale

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Listed: 03/17/24

2129 Marconi Ave, Sacramento, California, 95821

4 Bed:

2 Bath:

1,452 Sq Ft Living Area:

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Price

$ 425,000

About This House

Investor ' S fantasy An exceptional opportunity emerges to acquire property lining Marconi Ave with C-2 Commercial zoning, boasting the potential for subsequent commercial development. There is also the potential to enhance rental income upto$250, 000by adding Additional Dwelling Units (ADUs) on each lot, leveraging the CalHFA grant of up to$40, 000for ADU pre-development. This portfolio is strategically situated within the Opportunity Zone - tax deferral program for capital gain and enjoys a substantial average daily traffic (ADT) of26, 926vehicles along Marconi Ave. In reference to other listings, the portfolio encompasses 8 residential units( 4 sfr, 2 duplexes ) dispersed across 6 lots. These properties are identified as2117, 2121, 2125, 2129, 2133, 2137Marconi Avenue, Sacramento. The portfolio generates income through the rental of 1 Commercial Sign Board. Altogether, these properties, including the Sign Board, yield a gross rental income of$150, 000.00.Refer to the attached offering memorandum.

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Ben Ali Housing & Living

Household Income

Median household income: $65,046

Number of households: 182,677

The average household income in Sacramento, CA grew from $56,943 to $65,046 in the past year. This data is an estimate based upon 182,677 households in Sacramento, CA.
The chart below presents how household income is distributed in Sacramento, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Sacramento, CA compared to median property taxes around the country. The prevalent amount of property taxes in Sacramento, CA equals $3k+ , which is more than the national average.