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2520 Northrop Ave, Sacramento, CA, 95825

14beds
1baths
7,000sqft
$1,405,000
$201price/sqft
$9,831/moest. monthly cost
$393,240/yrincome needed

About This Home

Northrop Arms, an eight-unit apartment community located at 2520 Northrop Avenue in Sacramento, California. Situated in the desirable south Arden-Arcade submarket, the property offers investors a well-maintained asset with an attractive unit mix, proven rental upside, and additional rental income through a stratetgic renovation program. Built in 1969, Northrop Arms consists of eight spacious apartment homes featuring an efficient mix of two one-bedroom/one-bathroom units approximately 650 square feet each and six two-bedroom/one-bathroom units approximately 850 square feet each. The larger than average floor plans appeal to a large resident base and broad demographic. Current ownership has completed selective interior renovations throughout the property. Upgraded units feature luxury vinyl plank flooring, granite countertops, refreshed cabinetry, and modern finishes, providing an attractive living environment while allowing a new owner the opportunity to continue renovating the remaining units and capture additional rental upside over time. Northrop Arms enjoys an exceptional south Arden Arcade location with immediate access to major transportation corridors, placing residents within minutes of Sacramento State University, Cal Expo, Kaiser Permanente, Downtown Sacramento, and many of Sacramento's largest employment centers. Northrop Arms represents an excellent opportunity to acquire a stable, well-located apartment community with a desirable unit mix, meaningful value-add potential through continued unit renovations, and strong long-term fundamentals in one of Sacramento's most established rental markets.

Getting Around

74
WalkingVery Walkable
34
TransitSome Transit
70
BikeVery Bikeable

Schools

3/10
Greer Elementary SchoolGrades K-50.7 mi
7/10
Arden Middle SchoolGrades 6-81.4 mi
1/10

Construction

Condition

  • Year built: 1969

Materials

  • Foundation: Slab
  • Construction materials: Stucco

Type & Style

  • Home type: MultiFamily
  • Property subType: 5 or More Units

Interior

Appliances

  • Laundry features: Other

Bedrooms & Bathrooms

  • Bedrooms: 14
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Vinyl

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 0
  • Total interior livable area: 7,000 sqft

Property

Details

  • Zoning: RES
  • Special condition: Standard

Lot

  • Lot size: 0.27 Acres
  • Features: Landscape Back,Landscape Front

Parking

  • Total spaces: 13
  • Parking features: Off Street