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2520 Northrop AVE Sacramento, CA 95825
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Key Details
Sold Price $1,210,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $172
MLS Listing ID 226090166
Sold Date 10/27/26
HOA Y/N No
Year Built 1969
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
Northrop Arms, an eight-unit apartment community located at 2520 Northrop Avenue in Sacramento, California. Situated in the desirable south Arden-Arcade submarket, the property offers investors a well-maintained asset with an attractive unit mix, proven rental upside, and additional rental income through a stratetgic renovation program. Built in 1969, Northrop Arms consists of eight spacious apartment homes featuring an efficient mix of two one-bedroom/one-bathroom units approximately 650 square feet each and six two-bedroom/one-bathroom units approximately 850 square feet each. The larger than average floor plans appeal to a large resident base and broad demographic. Current ownership has completed selective interior renovations throughout the property. Upgraded units feature luxury vinyl plank flooring, granite countertops, refreshed cabinetry, and modern finishes, providing an attractive living environment while allowing a new owner the opportunity to continue renovating the remaining units and capture additional rental upside over time. Northrop Arms enjoys an exceptional south Arden Arcade location with immediate access to major transportation corridors, placing residents within minutes of Sacramento State University, Cal Expo, Kaiser Permanente, Downtown Sacramento, and many of Sacramento's largest employment centers. Northrop Arms represents an excellent opportunity to acquire a stable, well-located apartment community with a desirable unit mix, meaningful value-add potential through continued unit renovations, and strong long-term fundamentals in one of Sacramento's most established rental markets.
Location
State CA
County Sacramento
Area 10825
Direction North on Fulton Ave, Left on Northrop Ave.
Rooms
Other Rooms Unit-1 Approx SqFt: 650 Bedrooms: 1 Full Baths: 1 Total Rooms: 1 Rent: 1148 SqFt Source: Owner
Interior
Heating Central
Cooling Central
Flooring Vinyl
Laundry Other
Exterior
Parking Features Off Street
Utilities Available City
Water Access Desc Public
Total Parking Spaces 13
Building
Lot Description Landscape Back, Landscape Front
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
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 294-0022-031-0000
Special Listing Condition None
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