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Updated almost 4 years ago,
Need opinion on 95824 zip in Sacramento, California
Dear BPers,
I'm looking for your valuable opinion on an area in Sacramento, California - zip code is 95824 and the main cross streets are 47th and Franklin Blvd. I live in Pacifica, CA in the Bay Area(a couple of hours away), and I jumped on an opportunity to put an offer on an off-market fourplex. Prior to getting the chance to walk the property, my offer was accepted and am now in contract.
I took the time to drive around and walk the neighborhood. From preliminary research online, I was thinking it was a C, which turned more to be a C- after physically exploring. Conservatively, after 1 year, I'm projecting $500 in CF at a 6 Cap. My plans are to hold the property for at least 5+ years or longer.
I would appreciate any local Sac investors and other BPers point of views. Cheers!