3525 Norris Ave, Sacramento, CA 95821

We are pleased to present 3525 Norris Avenue Apartments, a five-unit multifamily community located in Sacramento’s Arcade submarket near Carmichael, California. Originally built in 1959 and fully renovated in 2023, the property is situated on approximately 0.56 acres in a quiet residential neighborhood adjacent to Mira Loma High School. Residents enjoy convenient access to Interstate 80, Arden Fair Mall, and a wide variety of shopping, dining, and employment destinations. The community consists exclusively of single-story, two-bedroom, one-bathroom floorplans. The property is zoned RD-20, allowing for the potential development of up to six additional units on the site. Current ownership has completed extensive renovations to approximately 80% of the existing units, including new open-concept kitchens and living areas, private washer/dryer enclosures, updated rear patios and yards, stainless-steel appliances, granite countertops, shaker-style cabinetry, dual-pane windows, mini-split HVAC systems, upgraded electrical panels new fixtures, recessed lighting, vinyl plank flooring, and fresh interior paint. Additional capital improvements include redesigned landscaping throughout the front and rear of the property, connection to the municipal sewer system and permitted abandonment of the former septic system, as well as new asphalt and striping for the 2:1 parking area. The property offers a compelling opportunity for a new owner to acquire a well-located, stabilized asset that has undergone a significant top-to-bottom renovation. Additional upside remains through the renovation of the final unimproved unit, continued revenue optimization, and the potential development of additional dwelling units on the site.