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Angela Fraire

realtorsontherun@gmail.com +1(916) 765-2939

$ 1,200,000

Est. payment -/mo

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Price Dropped by $50K

4224 Crestline Fair Oaks, CA 95628

5,209 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,209 sqft

Price per Sqft $230

MLS Listing ID 226045511

HOA Y/N No

Year Built 1950

Lot Size 0.290 Acres

Acres 0.29

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

Blundenhouse Apartments is in Fair Oaks, California, a suburb east of Sacramento, known as a desirable bedroom community with highly rated schools. The property features eight apartment units featuring studio, one bedroom, and two bedrooms floorplans. Originally Built in 1950, Blundenhouse was built in Fair Oaks historic downtown district, which is home to numerous restaurants, boutique shops, and Village Park. Residents enjoy being walking distance to the Downtown amenities and the American River Parkway / Jedidiah Smith Bike Trail. Five of the Eight Units are in the central building of the property that was originally built as a single family home in the 1950's. In approximately 1990, the building was permitted to separate the building into five apartment units and added three more units elsewhere on the grounds. Because of the different construction phases and peculiar ways the units were created, no floorplan is the same and vary greatly in square footage. Adding to the property's unique nature, the property has a pool and a very large sundeck for residents to enjoy, a very rare amenity for a property of its size. Existing rents are approximately 17% under market, allowing the next savvy investor to maximize property value through more aggressive management and the proven renovation model. Between the charm of the property itself, the immediate surrounding area, and robust submarket fundamentals, Blundenhouse is poised for continued rent growth and upward trajectory.

Location

State CA

County Sacramento

Area 10628

Direction From Sunrise Ave, turn east on California Ave. Turn north on Crestline. Property is on the east side of the street.

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 677 Bedrooms: 1 Full Baths: 1 Total Rooms: 4 Rent: 1350 SqFt Source: Owner

Interior

Heating Central

Cooling Central

Flooring Carpet, Vinyl

Appliance Dishwasher, Microwave

Laundry In Common Area, Washer/Dryer Owned, Varies by Unit

Exterior

Parking Features Street

Utilities Available Sewer Connected, City

Water Access Desc Meter on Site,Private

Total Parking Spaces 5

Building

Lot Description Landscape Back

Story 2

Foundation Raised, Slab

Sewer Public Sewer

Water Meter on Site, Private

Schools

Elementary Schools San Juan Unified

Middle Schools San Juan Unified

High Schools San Juan Unified

School District Sacramento

Others

Senior Community No

Tax ID 244-0163-024-0000

Special Listing Condition Other

Listed by Marcus & Millichap Real Estate

Angela Fraire

Real Estate Agent License ID: 1522444

+1(916) 765-2939

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Angela Fraire

4224 Crestline Fair Oaks, CA 95628

Key Details

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Rooms

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Exterior

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Schools

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4224 Crestline