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5756 Nina Way, Sacramento, CA 95824
$1,725,000
5756 Nina Way, Sacramento, CA 95824View this property at 5756 Nina Way, Sacramento, CA 95824
5756 Nina WaySacramentoCA95824
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Property Description
We are pleased to present 5756-5760 Nina Way Apartments, a captivating 12-unit apartment community located in Sacramento, California. The community features 1 studio unit with 425 rentable square feet, 7 one-bedroom/one-bathroom units with 625 rentable square feet, and 4 two-bedroom/one-bathroom units with 775 rentable square feet. The purchaser of this community will enjoy a favorable and diverse unit mix with an immediate value-add component and rental upside potential. Tenants have the benefit of off-street parking, a spacious onsite laundry room with personal storage lockers, and convenient access to several shopping centers nearby. The market comparable suggest a 25% loss-to-lease upside thesis with moderate turn quality upgrades. There are two units currently vacant and slated for renovation which would allow a purchaser to capture some of the immediate upside potential in addition to raising rents on existing residents. The property is not far from Ca-Hwy 99, allowing residents to enjoy seamless connectivity to Sacramento's bustling Midtown/Downtown, unlocking a world of employment opportunities and entertainment options.
Full Property Details
Full Property Details for 5756 Nina Way
General
- Price: $1,725,000
- Status: Active
- Type: Multi-Family
- MLS ID: 224054171
- Updated: 5/23/2024
- Added to Site: 23 day(s) ago
Rental Information
- Lease/Rent Term: Month To Month
Interior
- Flooring: Carpet, Vinyl, Linoleum
Rooms
Other Rooms
- Laundry: In Common Area
Parking
- Total Spaces: 12
- Parking: Off-Street Parking, Street
Location
- Area: 10824
- County: Sacramento
- Cross Streets: Southwest Ave.
- Driving Directions: Head south on Stockton Blvd, turn west onto Southwest Ave, turn north on Nina Way. Property is on your left.
School Information
- School District: Sacramento
- Elem School District: Sacramento Unified
- Midd School District: Sacramento Unified
- High School District: Sacramento Unified
Heating & Cooling
- Cooling Type: Wall Unit(s), Window Unit(s)
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Meter on Site
- Utility Description: City
Structural Information
- Architectural Style: Two Story
- Construction: Stucco, Wood
- Foundation: Raised
- Roof: Composition
- Stories/Levels: 0
- Year Built: 1962
Unit Information
- Units in Building: 12
- Studio/Effic Units: 1
Unit 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.2633
- Lot Size (Sq. Ft.): 11,470
- Irrigation System: Irrigation District
- Zoning: residential
- Lot Description: Curbs/Gutters, Sidewalk
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: None
- APN: 026-0251-016-0000
Listed by Marcus & Millichap Real Estate
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Schools
Schools serving 5756 Nina Way
School District:Sacramento City Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
5717 Laurine Way, Sacramento, CA 95824 | PK-6 | 0.4 mi | |
6201 Lemon Hill Ave, Sacramento, CA 95824 | 7-8 | 0.9 mi | |
6879 14th Ave, Sacramento, CA 95820 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5756 Nina Way
Date
Details
Price
Change
Source
5/20/2024
Listed
$1,725,000
23.21%
MLS
5/03/2021
Sold
$1,400,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5756 Nina Way
Year
Property Taxes
Change
Tax Assessment
Change
2023
$16,965
2%
$1,456,560
2%
2022
$16,687
88%
$1,428,000
85%
2021
$8,875
-1%
$771,983
1%
2020
$8,958
2%
$764,068
2%
2019
$8,763
3%
$749,088
2%
2018
$8,538
45%
$734,400
48%
2017
$5,888
4%
$496,754
2%
2016
$5,657
1%
$487,015
2%
2015
$5,577
3%
$479,700
2%
2014
$5,423
—
$470,305
—
2013
$5,436
—
$468,180
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5756 Nina Way
5756 Nina Way, Sacramento, CA 95824 (MLS# 224054171) is a Multi-Family property with 12 units containing 0 bedrooms and 0 full bathrooms. 5756 Nina Way is currently listed for $1,725,000 and was received on May 20, 2024. Want to learn more about 5756 Nina Way? Do you have questions about finding other Multi-Family real estate for sale in Sacramento? You can browse all Sacramento real estate or contact a Coldwell Banker agent to request more information.