420 Cleveland Ave, Sacramento, CA, 95833

About This Home

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.