Need opinion on 95824 zip in Sacramento, California

[JR Silva]

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!

[DJ Dawson]

its very very street specific but yeah C- is probably pretty accurate. If you are already willing to do long distance (Semi long from you) why not take the strategy out of state? you can get better neighborhood grades, cash flow, lower barrier to entry, with prop management in place  and achieve those cash flow numbers.