Map of Property

2562 & 2570 Traction Avenue

2562 & 2570 Traction Avenue, Sacramento, CA 95815

  • For Sale $2,499,000
  • Property Type Multi-Family
  • Property Size 11,625 SF
  • Units 22
  • Lot Size 0.43 Acre
  • Date Updated Apr 26, 2024
Sacramento is among the nations fastest growing large cities due to a more affordable quality of life compared to other coastal California markets. The large influx of Bay Area transplants has elevated the median home price in Sacramento MSA to almost $500,000, creating a healthy gap between cost-to-own vs. cost-to-rent. The state's capitol city houses a population size of nearly 500,000 people, making it the sixth most populous city in CA & the ninth largest capital in the US. The James Apartments also benefits from its proximity to major retailers such as Costco Wholesale (1.2 Miles) Arden Fair Mall (2 Miles) and Downtown Sacramento (under 3 Miles). Located in North Sacramento, the community also offers a convenient and affordable option to live while still having access to major shops, retail, employers and nightlife throughout the Sacramento MSA. The combination of limited supply, strong population growth and market vacancy below 3% will allow a new owner to benefit from a location with strong prospects for appreciation and rent growth moving forward.ALIVE Commercial Real Estate is pleased to exclusively present 2562 & 2570 Traction Ave, a 22-unit multifamily community located in Sacramento, CA. Sitting on two contiguous parcels built in 1960 and 1962, the property is comprised of (21) one-bedroom one-bathroom and (1) two-bedroom one-bathroom floor plans with a durable stucco exterior. The community also provides tenants with short drive to downtown Sacramento, ample off-street parking and easy access to surrounding retailers and employers. A new owner will benefit from guaranteed stable income through section 8 vouchers.

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Highlights

  • 7.97% Year One Cap Rate Underwritten to a Realistic 40% Expense Load.
  • Majority of the Units Are Strategically Rented Through Section 8 Vouchers, Allowing For Guaranteed Income by State-Supported Programs.
  • Low-Basis Acquisition Being Offered at $113,590/Unit.
  • Close Proximity to Restaurants, Retailers, and Downtown Sacramento.

Contacts

broker

Isaac Merritt

ALIVE Commercial Real Estate

(916) 885-4204

Location

Getting Around

  • Walk Score ®

    82/100 Very Walkable

  • Transit Score ®

    45/100 Some Transit

  • Bike Score ®

    78/100 Very Bikeable
Powered by Walk Score ®
  • City Sacramento, CA
  • Neighborhood Old North Sacramento
  • Zip Code 95815
  • Market Sacramento

Points of Interest

  • 12th & I

    3.01 miles

  • 7th & I/County Center

    3.20 miles

  • Roseville Road

    3.21 miles

  • Cathedral Square

    3.23 miles

  • Sacramento Valley Station

    3.24 miles

  • St. Rose of Lima Park

    3.29 miles

  • Archives Plaza

    3.52 miles

  • Central Pacific Freight Depot

    3.56 miles

  • 16th Street

    3.60 miles

  • 8th & O

    3.60 miles

  • Shell

    0.31 miles

  • Costco Gasoline

    1.06 miles

  • Texaco

    1.22 miles

  • Chevron

    1.26 miles

  • Mobil

    1.30 miles

  • Bonfare

    1.37 miles

  • Tesla Supercharger

    1.48 miles

  • Valero

    1.58 miles

  • Shell

    1.62 miles

  • Shell

    1.66 miles

  • Public Parking

    2.84 miles

  • Memorial Garage

    2.91 miles

  • Saint Joseph's Jury Parking Lot

    2.98 miles

  • Sutter Hospital Lot A

    3.00 miles

  • Lot D

    3.01 miles

  • City Lot 297

    3.05 miles

  • ACE Parking

    3.05 miles

  • Sutter Hospital Lot B

    3.08 miles

  • County Public Parking

    3.09 miles

  • City Hall Parking Garage

    3.11 miles

  • Canterbury Village Hotel & Suites

    0.88 miles

  • Extended Stay America - Sacramento - Arden Way

    1.01 miles

  • Hilton Sacramento Arden West

    1.13 miles

  • TownePlace Suites by Marriott Sacramento Cal Expo

    1.20 miles

  • Fairfield Inn by Marriott Sacramento Cal Expo

    1.21 miles

  • DoubleTree by Hilton Sacramento

    1.36 miles

  • Econo Lodge Sacramento North

    2.11 miles

  • Quality Inn Sacramento North

    2.11 miles

  • Sands Motel

    2.12 miles

  • Extended Stay America - Sacramento - Northgate

    2.17 miles

  • Little Caesars

    0.22 miles

  • McDonald's

    0.31 miles

  • Wienerschnitzel

    0.33 miles

  • Taco Bell

    0.33 miles

  • Carl's Jr.

    0.36 miles

  • Popeyes

    0.39 miles

  • A&W

    0.49 miles

  • KFC

    0.49 miles

  • Woodlake Tavern

    0.65 miles

  • Ricos Pizza

    1.22 miles

  • Noralto Elementary School

    0.43 miles

  • Grant Community Outreach Academy

    0.43 miles

  • Harmon Johnson Elementary School

    0.49 miles

  • Martin Luther King, Jr Junior High School

    0.72 miles

  • Woodlake Elementary School

    0.75 miles

  • Northwood Elementary School

    0.84 miles

  • Fairbanks Elementary School

    1.03 miles

  • Hagginwood Elementary School

    1.19 miles

  • Alethea B Smythe Elementary School

    1.27 miles

  • Plover Street School

    1.41 miles

  • Federal Building Day Care

    3.02 miles

  • Common Grounds Preschool and Daycare

    3.08 miles

  • Glory Children's Learning Center, Inc.

    3.13 miles

  • Thomas A Edison Elementary School

    3.75 miles

  • Playhouse Preschool

    4.19 miles

  • ARC Childcare

    6.33 miles

  • Didion 4th R

    8.92 miles

Frequently Asked Questions

What is the lease rate for 2562 & 2570 Traction Avenue?

Rental asking rate at 2562 & 2570 Traction Avenue is $1,249,500.00/YR.

What is the total square footage of 2562 & 2570 Traction Avenue?

2562 & 2570 Traction Avenue totals 11,625 square feet.

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Contact Listing Broker

broker

Isaac Merritt

ALIVE Commercial Real Estate

(916) 885-4204