Hello Investors, My name is Suba and I am brand new to this platform. I live in the Bay Area and looking to invest in Sacramento. I am looking to invest in a duplex near Sacramento and need advice from experts on what are the desirable neighborhoods to live there and what is the approx rent that it can generate on a monthly basis. I am open for a rehab project but want a property in a good neighborhood which can be rented out quickly. Thanks for reading my message and excited to be on this platform and make some new connections!
@Suba Sudhakar Hi Suba, I’m actually in a similar position to you! I’m also looking to invest in Sac as well. I personally really like to go anywhere East towards Rancho Cordova or south of Sac towards Elk Grove, while north tends to be a little rougher and not much to the west from what I can tell. South seems like it’s developing quite a bit though.
I am a Realtor in the Sacramento area and am currently helping a few people look for duplexes in Sacramento. I am originally from Pacifica. The growth up here is unbelievable. I am happy to talk further regarding neighborhoods and rents.
Not sure if you are looking to buy and live in one of the units but if you are buying strictly for investment I would target areas that are on the come up but still has some issues. In those areas, I have found properties at a much lower price point and better cashflow. I am in Houston but own a couple of properties in the Sac area. Both are near downtown but those areas are too expensive. Again if you are just looking to buy for just an investment you should check out Stockton. You can get larger than a duplex for a decent deal out there.
Hello. I am familiar with the Elk Grove area, you will not likely find any Duplex's in Elk Grove. Maybe some in old Elk Grove, but I would be snatching those up myself. You can find some in the South Sacramento area, it is not as desirable, but prices are better. I've also noticed duplexes in the Pocket Area (near south Sacramento and Elk Grove) of Sacramento, not sure what inventory there is at this time. The Pocket is a nice area, but will also come with a nice area tag. There are other areas in North Sacramento and going East towards Rancho Cordova, but I'm not too familiar with these areas. Midtown will also have duplexes, but they will be pricey! Hope that helps.
Hello Suba, My name is James Newkirk. And I am a licensed realtor here in California. And I specialize and live locally here in the Sacramento area. I am a member of the David Green team, and we specialize with working with investors like yourself. I will love the opportunity to chat with you sometime, to get a better idea of what you're looking for and how I can help you reach your goals.