Exceptional investment opportunity! This beautifully renovated quadruplex features four spacious units, 2 units rented with reliable, on-time paying tenants (1 unit with section 8 tenant). The current rents are below market and due for increase. Two units will be vacated by mid December. Other two of the units have leases ending in February and March (potential to get higher paying tenants). With modern upgrades and well-maintained interiors, this property is turnkey and perfect for the savvy investor. Each apartment has 2 A/C wall units that are fairly new. A must-see for those seeking steady rental income and long-term value. It is priced well below market value. The seller is retiring and is winding down their real estate investments, so a great opportunity to own an income-producing investment.
Closed
$638,000
748 Lampasas Ave, Sacramento, CA 95815
4beds
1,944sqft
Quadruplex
Built in 1955
-- sqft lot
$631,700 Zestimate®
$328/sqft
$1,997 Estimated rent
Home value
$631,700
$569,000 - $701,000
$1,997/mo
Zestimate® history
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$4,054/mo
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Zillow last checked:
Listing updated:
Listed by:
Sumandeep Dhaliwal DRE #01370947 916-308-9445,
ERA Carlile Realty Group
Bought with:
Janneh Frost, DRE #01890867
HomeSmart ICARE Realty
Source: MetroList Services of CA,MLS#: 224127296Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Separate, Gas
Cooling
- Ceiling Fan(s), Wall Unit(s), Multi Units
Appliances
- Included: Free-Standing Gas Oven, Built-In Electric Oven, Free-Standing Gas Range, Free-Standing Refrigerator, ENERGY STAR Qualified Appliances
- Laundry: Other
Features
- Flooring: Tile, Laminate, Vinyl, Linoleum
- Has fireplace: No
Interior area
- Total structure area: 0
- Total interior livable area: 1,944 sqft
Property
Parking
- Total spaces: 5
- Parking features: Side By Side, On Street, Uncovered
- Uncovered spaces: 5
Accessibility
- Accessibility features: Wheelchair Access
Features
- Levels: One
- Stories: 1
- Exterior features: Yard Space, Playground
- Fencing: Fenced
Lot
- Size: 6,969 Square Feet
- Features: Curb(s), Shape Regular, Landscape Back, Landscape Front
- Topography: Level,Level
Details
- Parcel number: 26302020040000
- Zoning: R-2B
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Quadruplex
Materials
- Concrete, Stucco, Frame, Wood
- Foundation: Slab, Concrete
- Roof: Shingle,Composition
Condition
- Year built: 1955
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Water District, Meter on Site
- Utilities for property: City, Electric, Natural Gas Connected, Sewer In & Connected
Community & HOA
Location
- Region: Sacramento
Financial & listing details
- Price per square foot: $328/sqft
- Tax assessed value: $421,063
- Annual tax amount: $5,746
- Price range: $638K - $638K
- Date on market: 11/20/2024
- Tenant pays: Electricity, Gas
- Income includes: Rent Only
Price history
| Date | Event | Price |
|---|---|---|
| 4/14/2025 | Sold | $638,000-0.3%$328/sqft |
Source: MetroList Services of CA #224127296 Report a problem | ||
| 3/12/2025 | Pending sale | $639,893$329/sqft |
Source: MetroList Services of CA #224127296 Report a problem | ||
| 1/29/2025 | Price change | $639,893-1.5%$329/sqft |
Source: MetroList Services of CA #224127296 Report a problem | ||
| 11/20/2024 | Listed for sale | $649,800+67%$334/sqft |
Source: MetroList Services of CA #224127296 Report a problem | ||
| 7/9/2020 | Sold | $389,000-7.4%$200/sqft |
Source: MetroList Services of CA #20031100 Report a problem | ||
| 6/29/2020 | Pending sale | $420,000$216/sqft |
Source: Realty One Group Complete #20031100 Report a problem | ||
| 6/17/2020 | Listed for sale | $420,000$216/sqft |
Source: Realty One Group Complete #20031100 Report a problem | ||
| 6/11/2020 | Pending sale | $420,000$216/sqft |
Source: Realty One Group Complete #20031100 Report a problem | ||
| 6/2/2020 | Price change | $420,000+1.2%$216/sqft |
Source: Realty One Group Complete #20031100 Report a problem | ||
| 3/20/2020 | Listed for sale | $415,000$213/sqft |
Source: RE/MAX Gold Midtown #20012304 Report a problem | ||
| 3/17/2020 | Pending sale | $415,000$213/sqft |
Source: RE/MAX Gold Midtown #20012304 Report a problem | ||
| 3/5/2020 | Price change | $415,000-7.8%$213/sqft |
Source: RE/MAX Gold Midtown #20012304 Report a problem | ||
| 2/28/2020 | Listed for sale | $450,000+38.5%$231/sqft |
Source: RE/MAX Gold Midtown #20012304 Report a problem | ||
| 11/26/2019 | Sold | $325,000$167/sqft |
Source: Public Record Report a problem | ||
| 8/8/2019 | Sold | $325,000+17.4%$167/sqft |
Source: Public Record Report a problem | ||
| 8/21/2008 | Sold | $276,849$142/sqft |
Source: Public Record Report a problem | ||
| 11/19/2007 | Sold | $276,849-37.8%$142/sqft |
Source: Public Record Report a problem | ||
| 11/10/2005 | Sold | $445,000+6%$229/sqft |
Source: Public Record Report a problem | ||
| 9/21/2004 | Sold | $420,000+29.2%$216/sqft |
Source: Public Record Report a problem | ||
| 1/21/2004 | Sold | $325,000+884.8%$167/sqft |
Source: Public Record Report a problem | ||
| 8/15/2001 | Sold | $33,000+1.5%$17/sqft |
Source: Public Record Report a problem | ||
| 6/11/2001 | Sold | $32,500$17/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,746 +3.7% | $421,063 +2% |
| 2024 | $5,539 -0.3% | $412,808 +2% |
| 2023 | $5,555 +5.7% | $404,715 +2% |
| 2022 | $5,257 +0.5% | $396,780 +2% |
| 2021 | $5,228 +16.6% | $389,000 +19.7% |
| 2020 | $4,483 +75% | $325,000 +106.3% |
| 2019 | $2,562 +4.9% | $157,564 +2% |
| 2018 | $2,443 -1.9% | $154,476 +2% |
| 2017 | $2,489 +7.5% | $151,448 +2% |
| 2016 | $2,316 +5.4% | $148,480 +1.5% |
| 2015 | $2,198 -1.5% | $146,251 +2% |
| 2014 | $2,231 | $143,387 +0.5% |
| 2013 | -- | $142,740 +2% |
| 2012 | -- | $139,942 +2% |
| 2011 | -- | $137,199 +0.8% |
| 2010 | -- | $136,175 -65% |
| 2008 | -- | $388,901 -5.8% |
| 2007 | -- | $413,049 -3.6% |
| 2006 | -- | $428,400 +2% |
| 2005 | -- | $420,000 +236.9% |
| 2004 | -- | $124,684 +1.9% |
| 2003 | -- | $122,400 +2% |
| 2002 | -- | $120,000 +58.3% |
| 2001 | -- | $75,829 +2% |
| 2000 | -- | $74,343 |
Find assessor info on the county website
Neighborhood: Old North Sacramento
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Nearby schools
GreatSchools rating
- 4/10Northwood Elementary SchoolGrades: K-6Distance: 0.7 mi
- 1/10Martin Luther King Jr. Technology AcademyGrades: 7-8Distance: 0.6 mi
- 4/10Grant Union High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$631,700
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Estimated market value
$631,700
- California
- Sacramento County
- Sacramento
- 95815
- Old North Sacramento
- 748 Lampasas Ave
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