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2421 Marconi Ave, Sacramento, CA, 95821

2421 Marconi Ave, Sacramento, CA, 95821 < >
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for sale
$5,500,000
Lot Size:1.27 Acres
Year Built:1954
Status:Active
MLS #:223109979
Date Updated:
For information contact:
Lincoln Home List
530-320-5783
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We are pleased to present The Palms apartment complex at 2421 Marconi Avenue in Sacramento, CA. This 45-unit complex is a strong value-add opportunity that consists of all one-bedroom units. The Palms apartments consists of two buildings with wood frame, brick and stucco exterior on 1.27 acres. This complex was built in 1954 with a pitched roof, common area courtyard, on-site laundry, along with ample parking in the rear. Each unit features wall heat/air, gas stove and electric appliances with residents responsible for the utilities within their units. Don't miss this opportunity!
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Interior Details
# of 1 Bedroom Units: 44# of 2 Bedroom Units: 0
# of 3 Bedroom Units: 0Flooring: Varies by Unit
Laundry Features: Washer/Dryer Owned# of Studio Units: 1
# Of Units Total: 45Stories: 2
Unit 1 Bedrooms: 1Unit 1 Full Baths: 1
Unit 1 Partial Baths: 0Unit 1 Approx SqFt: 550
Unit 2 Bedrooms: 0Unit 2 Full Baths: 0
Unit 2 Partial Baths: 0Unit 2 Approx SqFt: 0
Unit 3 Bedrooms: 0Unit 3 Full Baths: 0
Unit 3 Partial Baths: 0Unit 3 Approx SqFt: 0
Unit 4 Bedrooms: 0Unit 4 Full Baths: 0
Unit 4 Partial Baths: 0Unit 4 Approx SqFt: 0
# of Floors: 2# of Rooms: 0
Unit 1 # of Rooms: 2Unit 2 # of Rooms: 0
Unit 3 # of Rooms: 0Unit 4 # of Rooms: 0

Exterior Details
Lot Size Acres: 1.2700Elevation: 0
Parking Features: Off StreetCovered Spaces: 0.00
Garage Spaces: 0.0Open Parking Spaces: 0.0
Lot Size Square Feet: 55321.00Carport Spaces: 0.0
# of Guest Space(s): 0Independent Parking Spaces: 0
Total Parking Spaces: 45.00Tandem Parking Spaces: 0

Community Information
APN: 268-0140-034County: Sacramento
Cross Street: Wright StreetDirections to Property: Take the exit toward Reno/I-80-BL E onto I-80-BR E (Capital City Fwy). Take exit 12B toward Auburn Blvd/Bell Street onto Auburn Blvd. Turn right onto Fulton Ave. Turn right onto Marconi Ave.
Association: NoZoning: RD-30

School Details
Elementary School District: Sacramento UnifiedMiddle or Junior School District: Sacramento Unified
Senior High School District: Sacramento UnifiedSchool District (County): Sacramento

Property Information From MLS Data
Construction Materials: Brick, Stucco# Of Buildings: 2
Special Listing Conditions: NoneProperty Subtype: 5 or More Units
Year Built: 1954Total # Leasable: 45
1 Bedroom Annual Occupancy: 02 Bedroom Annual Occupancy: 0
3 Bedroom Annual Occupancy: 04 Bedroom Annual Occupancy: 0
# of 1 Bedrooms Occupied: 0# of 2 Bedrooms Occupied: 0
# of 3 Bedrooms Occupied: 0# of 4 Bedrooms Occupied: 0
# Commercial Units: 0Lot Features: None
Total # Owner Occupied: 0# Studios Occupied: 0
Studio Annual Occupancy: 0Green Verification Year: 0
Commission To Buyer Broker: 1.5Commission Type: %

Financial Information
Association Fee: 0Unit 1 Rent: 1375
Unit 2 Rent: 0Unit 3 Rent: 0
Unit 4 Rent: 0Lease Deposit: 0

Utilities
Cooling: Wall Unit(s)Heating: Wall Furnace
Sewer: Public SewerUtilities: Natural Gas Connected, Electric
Water Source: Meter on SiteIrrigation: Meter on Site

Listing Information Courtesy of:
Listing Office Name: Collier's International CA, Inc.
Listing Agent Name: Matthew S Sarro

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Monthly Payment for 2421 Marconi Ave
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$5,500,000
Down Payment:
Loan Amount:$4,400,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Matthew Sarro, Collier's International CA, Inc.
Information obtained from CAMMLS is current as of 4/28/2024 6:16 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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