420 cleveland Avenue, Sacramento, CA 95833
- $1,000,000
- 1,764
- SqFt
- List Price
- $1,000,000
- Price Change
- ▼ $150,000 1779143558
- MLS#
- 226049388
- Status
- ACTIVE
- Building / Subdivision
- Gardenland
- Living Sq. Ft
- 1,764
- Type
- Single Family Residential
- Zip
- 95833
- City
- Sacramento
Property Description
Rare 13-unit mixed-use income opportunity in Sacramento's Gardenland neighborhood, delivering immediate cash flow at a 6.88% cap rate. Priced at $1,150,000 ($88,462/unit) on a 0.47-acre corner lot. Diversified rent roll spans seven individually metered RV pads, four detached studios in a single-story four-plex, one cottage-studio, and one cottage-one-bedroom generating $134,400 in gross annual rental income. RV tenants pay their own electric (owner reads individual meters monthly and bills back) plus propane; city water, sewer, and garbage are included. The four-plex and cottages are wood-frame construction originally built in 1949. Central North Sacramento location 1.4 miles from Arden/Del Paso Station and within walking distance of Northgate Plaza; Walk Score 74, Bike Score 93. Quick access to I-5, I-80, and Downtown Sacramento; 11 miles to Sacramento International Airport. Twin Rivers Unified School District. Ideal for a 1031 exchange buyer seeking stabilized small-footprint cash flow with organic rent-growth potential. Contact listing agents for financials, rent roll, and tour scheduling.
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Additional Information
- Land Area (Acres)
- 0.47000000000000003
- Year Built
- 1949
- Subtype
- 5 or More Units
- Subtype Description
- Mixed Use, Flats, Garden Apartments
- Style
- Ranch, Cottage
- Construction
- Stucco, Frame
- Foundation
- Raised, Concrete Perimeter
- Stories
- 1
- Garage
- Open, Uncovered
- Floor Coverings
- Varies by Unit
- Laundry Description
- Varies by Unit
- Kitchen Appliances
- Varies By Unit
- Misc
- Fenced Yard, Yard Space
- Equipment
- None
- Cooling
- Varies by Unit
- Heat
- Varies by Unit
- Water
- Public
- Utilities
- Cable Available, Sewer Connected, Electric, Internet Available, Natural Gas Connected
- Sewer
- Public Sewer
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Listing courtesy of Commercial R.E. Investors, Inc.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .