Sacramento, CA 95833,420 CLEVELAND AVE
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Sacramento, CA 95833,420 CLEVELAND AVE
Sacramento, CA 95833,420 CLEVELAND AVE
Sacramento, CA 95833,420 CLEVELAND AVE
Sacramento, CA 95833,420 CLEVELAND AVE
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Irik Edens

Irik Edens

+1(530) 350-9522
$ 1,150,000
Est. payment /mo
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Hold

420 CLEVELAND AVE Sacramento, CA 95833

6 Beds

6 Baths

1,764 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 3+ Houses on Lot

Listing Status Hold

Purchase Type For Sale

Square Footage 1,764 sqft

Price per Sqft $651

MLS Listing ID 226008893

Bedrooms 6

Full Baths 6

HOA Y/N No

Year Built 1949

Lot Size 0.470 Acres

Acres 0.47

Property Sub-Type 3+ Houses on Lot

Source MLS Metrolist

Property Description

Rare Value-Add Investment Opportunity! Welcome to a permitted and licensed mobile home and RV park offering 13 income-producing tenants (2 cottages, 7 RV lots, and a fourplex of studios), plus two houses and a studio fourplex on site. Tenant-owned RVs and mobile homes are permanently placed and fully connected to water, sewer, and electricity, creating a low-maintenance ownership model where the owner primarily maintains structures and utility connections. Major improvements include full paving and new roofs in 2019. Updated studio units with laminate flooring and granite top kitchen cabinets. Currently generating over $10,000/month with one vacancy, the property produces $127,000+ in annual gross income with vacancy under 1% in a stable, close-knit community. This rare hybrid asset offers diversified income, strong cash flow, and upside potential, supporting an attractive cap rate (8%) and Gross Rent Multiplier (9GRM) on purchase price. High-yield, low-maintenance, unique asset class bring your offer!

Location

State CA

County Sacramento

Area 10833

Direction I-5 to West El Camino, Right on Northgate, Left on Cleveland.

Rooms

Guest Accommodations No

Living Room Great Room

Dining Room Dining/Family Combo

Kitchen Granite Counter

Interior

Heating Wall Furnace

Cooling Wall Unit(s), Window Unit(s)

Flooring Laminate

Laundry Hookups Only

Exterior

Parking Features Alley Access, Private, RV Access, RV Possible

Utilities Available Public

Roof Type Shingle

Porch Front Porch

Private Pool No

Building

Lot Description Private

Story 1

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Ranch

Schools

Elementary Schools Twin Rivers Unified

Middle Schools Twin Rivers Unified

High Schools Twin Rivers Unified

School District Sacramento

Others

Senior Community No

Tax ID 274-0132-015-0000

Special Listing Condition Other

MetroList® Services, Inc
Listed by Epique Inc
SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Caleb Greenwood Elementary School

    Public | KG - 6

  • 7

    Theodore Judah Elementary School

    Public | KG - 6

  • 6

    William Land Elementary School

    Public | KG - 6

  • 6

    Hazel Strauch Elementary School

    Public | KG - 5

  • 6

    David Lubin Elementary School

    Public | KG - 6

  • 5

    Washington Elementary School

    Public | KG - 6

  • 5

    Smythe Academy of Arts and Sciences

    Public | KG - 8

  • 5

    Woodlake Elementary School

    Public | KG - 6

  • 5

    Main Avenue Elementary School

    Public | KG - 6

  • 4

    Jefferson Elementary School

    Public | KG - 6

  • 4

    Garden Valley Elementary School

    Public | KG - 6

  • 4

    Taylor Street Elementary School

    Public | KG - 6

  • 3

    Harmon Johnson Elementary School

    Public | 3 - 6

  • 2

    American Lakes School

    Public | KG - 8

  • 2

    Glenwood Elementary School

    Public | KG - 6

  • 1

    Bannon Creek Elementary School

    Public | KG - 6

  • 1

    Fairbanks Elementary School

    Public | KG - 6

  • 1

    Del Paso Heights Elementary School

    Public | KG - 6

  • 1

    Northwood Elementary School

    Public | KG - 6

  • 1

    Hagginwood Elementary School

    Public | KG - 6

Middle Schools 6
  • 8

    Sutter Middle School

    Public | 7 - 8

  • 5

    Norwood Junior High School

    Public | 7 - 8

  • 1

    Rio Terra Junior High School

    Public | 6 - 8

  • 1

    Martin Luther King Jr. Technology Academy

    Public | 7 - 8

  • 0

    Westlake Charter Middle School

    Public | 6 - 8

  • 0

    Wayne Geri Academy

    Private | 6 - 11

High Schools 3
  • 2

    Natomas High School

    Public | 9 - 12

  • 2

    Grant Union High School

    Public | 9 - 12

  • 0

    Discovery High School

    Public | 9 - 12

School and business data provided by Attom Data.

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+1(530) 350-9522

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420 CLEVELAND AVE