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5650 Broadway, Sacramento, CA 95820
$2,375,000
5650 Broadway, Sacramento, CA 95820View this property at 5650 Broadway, Sacramento, CA 95820
5650 BroadwaySacramentoCA95820
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Property Description
5650 Broadway is a 3-parcel "value-add" development opportunity located in the Tahoe Park neighborhood of Sacramento. The Property currently features 3 residential units including a single-family residence on Broadway and a single-story duplex located behind the SRF, all of which are virtually new and in fantastic condition. The three existing units are currently rented for a total of $8,450 per month gross. The Property also represents significant upside in the underutilized land over its three contiguous parcels totaling .60 acres. Existing preliminary architectural plans map the construction of eight additional units including one duplex (2 units) and 6 accessory dwelling units measuring 599 square feet to streamline the development process and minimize development fees for the project. The Property sits less than a mile from existing UC Davis medical facilities and Aggie Square, the state-of-the-art research and innovation center that is currently under construction. The project will bring thousands of highly-paid professionals to the neighborhood, many of which will seek well-located & upscale unit.
Full Property Details
Full Property Details for 5650 Broadway
General
- Price: $2,375,000
- Status: Active
- Type: Multi-Family
- MLS ID: 224004384
- Updated: 4/12/2024
- Added to Site: 109 day(s) ago
Interior
- Flooring: Vinyl
Additional Information
- Security/Safety: Varies By Unit, Security Gate
Parking
- Parking: Open, Other
Location
- County: Sacramento
- Driving Directions: Located along Broadway between 56th and 58th Streets.
School Information
- School District: Sacramento
- Elementary School: Sacramento Unified
- Middle School: Sacramento Unified
- High School: Sacramento Unified
Heating & Cooling
- Cooling Type: Central
- Heating Type: Central
Structural Information
- Construction: Stucco, Wood
- Stories/Levels: 2
- Year Built: 1934
Unit Information
- 2 Bedroom Units: 2
- 3 Bedroom Units: 1
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,970
- Zoning: R-1-Single Family Residential
Financial Considerations
- Price Per Sq. Ft.: $2,137.71
- Price Per Acre: $14,843,750
- Terms: 1031 Exchange, Cash, Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: None
Listed by Ken Turton, Broker
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Schools
Schools serving 5650 Broadway
School District:Sacramento City Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
3110 60th St, Sacramento, CA 95820 | K-6 | 0.2 mi | |
5301 N St, Sacramento, CA 95819 | 6-8 | 1 mi | |
6879 14th Ave, Sacramento, CA 95820 | 9-12 | 0.9 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 5650 Broadway
Date
Details
Price
Change
Source
1/19/2024
Listed
$2,375,000
179.41%
MLS
8/30/2021
Sold
$850,000
—
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 5650 Broadway
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,563
2%
$289,680
2%
2022
$3,503
394%
$284,000
553%
2021
$709
—
$43,484
1%
2020
$708
2%
$43,039
2%
2019
$695
3%
$42,196
2%
2018
$677
2%
$41,370
2%
2017
$666
7%
$40,559
2%
2016
$621
2%
$39,764
2%
2015
$610
2%
$39,168
2%
2014
$598
2%
$38,406
—
2013
$584
—
$38,233
—
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 5650 Broadway
5650 Broadway, Sacramento, CA 95820 (MLS# 224004384) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 5650 Broadway is currently listed for $2,375,000 and was received on January 19, 2024. Want to learn more about 5650 Broadway? 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.