Broadway Triangle Triplex
3623 4th Ave Sacramento CA 95864
List Price
Price Per Unit
4.63 %
Cap Rate
Investment Overview

3623 4th Ave is a triplex located in the Broadway Triangle. The property consists of (2) 1 Bed 1 Bath units and (1) 2 Bed 1 Bath unit. The interiors have been completely remodeled with granite counters, stainless steel appliances, new kitchen cabinets, tile floor in kitchen & dual pane windows. Each unit comes equipped with washer and dryers, off street parking, and central heat and air. The property is walking distance to Naked Coffee, Oak Park Brewery, and Faria Bakery. The property is also 1/2 mile from UC Davis Med Center.

Location Overview

This property is located in the very popular Broadway Triangle area of the North Oak Park neighborhood in Sacramento. The building is optimally located within walking distance of Old Soul Coffee House, Oak Park Brewing Company, McGeorge School of Law, and UC Davis Medical Center. In addition, the location offers immediate access to Midtown and Downtown Sacramento, Highway 50, Highway 99, and Business Loop 80. Upcoming Broadway Projects: Capacity-Renovation of an 8,000-square-foot former bank building into 30 offices and three conference rooms for coworking companies. 3810 Broadway 1901 Boradway-Adaptive reuse of a 28,000-square-foot office building. Oak Park Place-Construction of a three-story, 20,000-square-foot building with 21 apartments and first floor retail. 3204-3206 Broadway Aggie Square-Construction of a 25-acre innovation hub and remote campus for UC Davis next to the UC Davis Medical Center on Stockton Boulevard. Downtown and Midtown Sacramento are experiencing unprecedented growth in both residential and commercial development. The construction of the $558-million Sacramento Entertainment and Sports Complex (ESC) has created a swell of activity and attracted the interest of investors and developers not previously active in this market. The immediate area is undergoing an immense revitalization with the new Railyards and Ice Blocks redevelopment projects. Anchored by Kaiser Hospital's new 400,000 square-foot, $1-billion development, the Railyards will be a mixed-use hub for entertainment, retail, housing, office, theaters, parks, hotels, and museums. The Ice Blocks is a three-block development in Midtown Sacramento consisting of 150 residential units, 60,000 square feet of retail, and 50,000 square feet of offices. The Downtown market will continue to experience high demand for rental housing as Sacramento continues its urban revitalization trend. Given the rapidly-increasing rents in Midtown and Downtown Sacramento.

Timothy Swanston
Senior Vice President
License # 01887506