We are trying to find a buy and hold property (duplex) in Sacramento, CA for 1031 exchange. Any zip code recommendations for areas that have solid returns? Areas to avoid?
We are 2 hours away from Sacramento. Would want to see some houses in the next few weeks when visit there.
Thanks in advance!
Hello Elise, the zip code of 95608 Carmichael has a few:
$340k Stated Rents of $1,095 & $990
$400k Stated Rents of $1,150 & $1,100
Properties seem to still be selling fast when they are priced correctly.
$352k Stated Rents of $1,100 & $750
This home had an offer submission deadline and a considerable number of offers according to the MLS.
Your best position is to have an active MLS feed sending properties to you along with an agent that knows the areas where you are looking to invest. Neighborhoods in the Sacramento region can vary greatly for a similar investment price and similar rent. Finding an area that you feel matches your preference for risk is important.
@Elise Chen This post should help you out with where to look: https://www.biggerpockets.com/forums/621/topics/444774-sacramento-neighborhood-map-and-ratings----finally
Wes’ post that you linked to Kyle is very helpful.
Also, the Crime and Place app will really help down to a street level.
Thanks everyone for your helpful inputs!
You should have some luck finding "okay" duplexes under 400k in the Arden area (95825) and also South Sacramento (95823 and 95828) just before you get to Elk Grove. While these areas can include B-D rated neighborhoods keep in mind that there's still a need for housing so vacancy shouldn't be an issue just proceed with caution when selecting your tenants.
Parents with school aged children often want their kids attending a school within the Elk Grove Unified School District which is located very close to some neighborhoods in South Sac sometimes even across or down the street although their physical address may still show Sacramento, 95823/28 instead of Elk Grove, 95624/etc.
Feel free to send a message if you have any questions!
@Elise Chen you should into placer county duplexes to fourplexes also. I found some in old Roseville that have better numbers than many of the Sacramento county properties . You can message me anytime you have questions about placer county.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing