FOR SALE
Local Information
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Description
5650 Broadway is a 3-parcel "value-add" development opportunity located in the Tahoe Park neighborhood of Sacramento. The Property currently features 3 residential units including a single-family residence on Broadway and a single-story duplex located behind the SRF, all of which are virtually new and in fantastic condition. The three existing units are currently rented for a total of $8,450 per month gross. The Property also represents significant upside in the underutilized land over its three contiguous parcels totaling .60 acres. Existing preliminary architectural plans map the construction of eight additional units including one duplex (2 units) and 6 accessory dwelling units measuring 599 square feet to streamline the development process and minimize development fees for the project. The Property sits less than a mile from existing UC Davis medical facilities and Aggie Square, the state-of-the-art research and innovation center that is currently under construction. The project will bring thousands of highly-paid professionals to the neighborhood, many of which will seek well-located & upscale unit.
Home Highlights
Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$2,138
Listed
97 days ago
Home Details for 5650 Broadway
Interior Features |
|---|
Dimensions and Layout Living Area: 1111 Square Feet |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central |
Windows, Doors, Floors & Walls Flooring: Vinyl |
Levels, Entrance, & Accessibility Stories: 2Floors: Vinyl |
Exterior Features |
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Parking & Garage No CarportNo GarageHas Open ParkingParking Spaces: 11Parking: Open,Other |
Days on Market |
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Days on Market: 97 |
Property Information |
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Year Built Year Built: 1934 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: 5 or More Units |
Building Construction Materials: Stucco, Wood |
Price & Status |
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Price List Price: $2,375,000Price Per Sqft: $2,138 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Sacramento |
Agent Information |
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Listing Agent Listing ID: 224004384 |
Building |
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Building Area Building Area: 1111 Square Feet |
HOA |
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Association for this Listing: MetroList Services, Inc.No HOAHOA Fee: No HOA Fee |
Lot Information |
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Lot Area: 6970 sqft |
Listing Info |
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Special Conditions: Standard |
Mobile R/V |
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Mobile Home Park Mobile Home Units: Feet |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 224004384 |
Last check for updates: about 16 hours ago
Listing courtesy of Jon Lang
Ken Turton, Broker
Jack Scurfield
Ken Turton, Broker
Originating MLS: MetroList Services, Inc.
Source: MetroList Services of CA, MLS#224004384
Price History for 5650 Broadway
| Date | Price | Event | Source |
|---|---|---|---|
| 01/19/2024 | $2,375,000 | Listed For Sale | MetroList Services of CA #224004384 |
| 08/30/2021 | $499,000 | Sold | MetroList Services of CA #221088184 |
| 08/26/2021 | $499,000 | Pending | MetroList Services of CA #221088184 |
| 08/26/2021 | ListingRemoved | MetroList Services of CA | |
| 07/31/2021 | $499,000 | Pending | MetroList Services of CA #221088184 |
| 07/23/2021 | $499,000 | Listed For Sale | MetroList Services of CA #221088184 |
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Property Taxes and Assessment
| Year | 2023 |
|---|---|
| Tax | $3,563 |
| Assessment | $289,680 |
Home facts updated by county records
Comparable Sales for 5650 Broadway
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.12 | Multi-Family Home | $638,000 | 06/12/23 | 2 | 2 | 1,520 | |
0.26 | Multi-Family Home | $428,500 | 01/17/24 | 3 | 2 | 1,175 | |
0.36 | Multi-Family Home | $420,000 | 09/14/23 | 3 | 2 | 1,766 | |
0.47 | Multi-Family Home | $700,000 | 05/26/23 | 4 | 2 | 1,670 | |
0.63 | Multi-Family Home | $495,000 | 08/16/23 | 4 | 2 | 1,514 | |
0.66 | Multi-Family Home | $435,000 | 11/17/23 | 1 | 2 | 906 | |
0.78 | Multi-Family Home | $462,300 | 01/19/24 | 4 | 2 | 1,546 | |
0.83 | Multi-Family Home | $490,000 | 01/05/24 | 4 | 2 | 1,738 | |
0.87 | Multi-Family Home | $405,000 | 12/28/23 | - | 1,664 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Tahoe Park
- Trulia User
- Resident
- 1y ago
"Its charming, very cuye, 1940s homes! Alot of families, and relaxed vibes. Great for evening walks around the park"
- Trulia User
- Resident
- 1y ago
"Alot of really nice families walk around this neighborhood. I live here and its a really friendly vibe and hard working people."
- Trulia User
- Resident
- 2y ago
"There’s many parks and beautiful neighborhoods and it is within an hour or two of the Bay Area so it allows for traveling. Also there’s some good hikes around"
- Laura H.
- Resident
- 3y ago
"Close to public transportation, restaurants and stores but still a residential feel. Easy to walk and bike everywhere. "
- Alexander T.
- Resident
- 3y ago
"The large park allows for a variety of spots for you and your four-legged friends to enjoy time together. Even if you’re there just for a stroll, it’s a lovely long walk around the perimeter."
- Ruby
- Resident
- 4y ago
"We’ve lived here for 3 years now really love this neighborhood. Lots of peace and quiet, cute homes, and the close proximity to the park and freeway entrance. "
- Supahupa
- Resident
- 4y ago
"there are many families. Park is alright with lists of activity. sac unified school district might not be the best but Tahoe elementary is. Teachers seek out to work here."
- Alexander T.
- Resident
- 4y ago
"Living directly across from Tahoe Park, I see a lot of people using the facilities, dog walkers, athletes, etc. "
- Wyona W.
- Resident
- 4y ago
"Neighborhood is quiet and people are friendly. Nice area. The park is only 2 blocks away. People walk their dogs alot."
- Wyona W.
- Resident
- 4y ago
"Owners walk their dogs here. It's a nice neighborhood and most people here are nice and friendly. Kids can play outside. Safe place to be."
- Nikki W.
- Resident
- 4y ago
"People look out for each other. Neighborhood is quiet. People are friendly. Living here for going on 11 years. Tahoe Elementary school is just about 2 blocks away. Was very convenient for my grandkids when they were younger."
- Gerry K
- Resident
- 4y ago
"It is a great area and a lot of restaurants near by. I drive a little further to work but it is worth the commute to live here "
- Aaron R.
- Resident
- 5y ago
"Many families and nice people. Most people that I have encountered have been nice and respectful. "
- Wyona W.
- Resident
- 5y ago
"Same as before... Some neighbors are nice. They keep their lawns clear and trimmed. I've been living here going on 8 years come November."
- Wyona W.
- Resident
- 5y ago
"I've lived in this area for going on 8 years and it's a very good neighborhood. Some people are friendly. They take care of their yards and houses. There's not much noise around here unless there's an event or something."
- Ewestn1215
- Resident
- 5y ago
"My neighborhood is a great neighborhood. It's quiet and they take good care of their lawns and homes."
- Ewestn1215
- Resident
- 5y ago
"I've lived here for going on 10 years. My neighborhood is pretty quiet. Really great neighborhood to live at."
- Drummer J.
- 11y ago
"Nice little elementary school and large public park with swimming pool, baseball fields and children's play area adds to the area's livability. Quiet well maintained streets."
- Barrettmanning
- 11y ago
"This area is great for walking in the evenings and everyone seems to be working in their yards! A real cute neighborhood."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Jon Lang, Ken Turton, Broker
Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.
5650 Broadway, Sacramento, CA 95820 is a studio, 1,111 sqft multi-family built in 1934. 5650 Broadway is located in Tahoe Park, Sacramento. This property is currently available for sale and was listed by MetroList Services of CA on Jan 19, 2024. The MLS # for this home is MLS# 224004384.