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Rent Control – Sacramento Duplexes, Tri-plexes & Four-Plexes For Sale

Be Careful With Rent Control It’s a Little Tricky – Affects Cash Flow.

 

I was out and about looking at some new listings for sale.   Below are my thoughts about these particular properties that I think might interest some of you investors.  The sad situation is that for some of these investors trying to sell their property is that over the years they have not maintained their Rental Income at “market”.

Typically many long time small investors make the mistake of allowing the rents to stay the same for years thinking that if they ever did sell, the new investor could raise the rents to market.

With the new State Wide Rent Control law in place it’s not that simple anymore, so beware.

Here’s a look at 3 investments currently on the market as of today February 1, 2021.

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First up is a duplex located at 2405 Wurth Court, Sacramento, Ca 95825.   I think this property could have been better prepared for sale so I was a little disappointed.  While I’d be surprised if they get a full price offer on it in this market who knows…?  Duplexes are hot.   Because of Rent Control when you get a vacancy…? REJOICE... That is because you can re-rent that unit at market.

Check out the Tri-Plex located at 1015 Circuit Drive, Roseville, Ca 95678.  This Tri-plex looks like it’s been well maintained and updated recently.   I think the only thing I’d do to upgrade this one would be to add “covered parking stalls” which would add value and people would pay more for that amenity.   This one should go quick because Rents are at or near market.

Now take a peek at the 4 plex located at 5755 Blachly Way, Sacramento, Ca 95841

I think the Owner on this Sacramento Four-plex could have taken a little better care especially on the curb appeal/landscaping side.   Several Satellite dishes are all over the place.   If you didn’t know, the owner has the right to tell a tenant where they can put a Dish.

The income on this one is also very skinny.   Two of the units are only at $700 a month and with Rent Control it’s a little tougher to get the rents at market.   We’ll keep an eye on out this one.

NOTE:  Regarding the 1st two properties I profiled.   While writing this blog post both of those properties are now currently in escrow.   Even with some Rent Control there are Investment opportunities here in the Sacramento area.

If you’re on the lookout for an Investment please call me at 916.203.1260.   If you are worried about managing your investment, let our crew do that for you.   Check out our Property Management Company if you’re interested.

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker Associate 916.203.1260   Ed@EdFavinger.com