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2121 Marconi Avenue, Sacramento, CA 95821
$385,000
2121 Marconi Avenue, Sacramento, CA 95821View this property at 2121 Marconi Avenue, Sacramento, CA 95821
2121 Marconi AvenueSacramentoCA95821
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Property Description
INVESTOR'S FANTASY An exceptional opportunity emerges to acquire property lining Marconi Ave with C-2 Commercial zoning, boasting the potential for subsequent commercial development. There is also the potential to enhance rental income upto $250,000 by adding Additional Dwelling Units (ADUs) on each lot, leveraging the CalHFA grant of up to $40,000 for ADU pre-development. This portfolio is strategically situated within the Opportunity Zone - tax deferral program for capital gain and enjoys a substantial average daily traffic (ADT) of 26,926 vehicles along Marconi Ave. In reference to other listings, the portfolio encompasses 8 residential units(4 SFR, 2 DUPLEXES) dispersed across 6 lots. These properties are identified as 2117, 2121, 2125, 2129, 2133, 2137 Marconi Avenue, Sacramento. The portfolio generates income through the rental of 1 Commercial Sign Board. Altogether, these properties, including the Sign Board, yield a gross rental income of $150,000.00. Refer to the attached offering memorandum.
Full Property Details
Full Property Details for 2121 Marconi Ave
General
- Price: $385,000
- Status: Active
- Type: Single Family
- MLS ID: 223082464
- Updated: 2/27/2024
- Added to Site: 248 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Bathroom Features: See Remarks
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Kitchen: Breakfast Area
- Dining Room: Space in Kitchen
- Laundry: See Remarks
Additional Information
- Security/Safety: Other
Parking
- Garage: Yes
- Garage Spaces: 1
- Garage Description: Uncovered Parking Space
Location
- County: Sacramento
- Cross Streets: Howe Ave.
- Driving Directions: I-80 Business North, Take exit at Marconi Avenue East, Property Address will be on the Left after passing one signal.
School Information
- School District: Sacramento
- Elementary School: San Juan Unified
- Middle School: San Juan Unified
- High School: San Juan Unified
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- Architectural Style: Traditional
- Construction: Stucco, Frame
- Foundation: Raised
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 1,368
- Sq. Ft. Source: Owner
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,970
- Zoning: C-2
- Lot Description: Street Lights
Financial Considerations
- Price Per Sq. Ft.: $281.43
- Price Per Acre: $2,406,250
- Terms: 1031 Exchange, Cash, Conventional, Submit
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: Offer As Is, None
Listed by KW CA Premier - Sacramento
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Schools
Schools serving 2121 Marconi Ave
School District:San Juan Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2236 Edison Ave, Sacramento, CA 95821 | K-5 | 0.4 mi | |
1400 Bell St, Sacramento, CA 95825 | 6-12 | 1.8 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 2121 Marconi Ave
Date
Details
Price
Change
Source
10/12/2023
Price Reduced
$385,000
-2.53%
MLS
8/25/2023
Listed
$395,000
58%
MLS
3/19/2021
Sold
$250,000
—
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 2121 Marconi Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,216
1%
$260,099
2%
2022
$3,196
2%
$255,000
2%
2021
$3,142
47%
$250,000
48%
2020
$2,144
5%
$169,456
5%
2019
$2,044
5%
$161,387
6%
2018
$1,945
7%
$152,253
8%
2017
$1,824
12%
$140,976
7%
2016
$1,631
5%
$131,754
5%
2015
$1,552
3%
$125,481
3%
2014
$1,509
15%
$121,826
17%
2013
$1,309
—
$104,125
—
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 2121 Marconi Ave
2121 Marconi Avenue, Sacramento, CA 95821 (MLS# 223082464) is a Single Family property with 3 bedrooms and 1 full bathroom. 2121 Marconi Avenue is currently listed for $385,000 and was received on August 25, 2023. Want to learn more about 2121 Marconi Avenue? Do you have questions about finding other Single Family real estate for sale in Sacramento? You can browse all Sacramento real estate or contact a Coldwell Banker agent to request more information.