SELLING SFR with a Duplex (three units total) ....looking for VALUATION advice

Sacramento, California
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SELLING SFR with a Duplex (three units total) ....looking for VALUATION advice

Seth Reardon
Member since 2023 · 2 posts · 2 votes

Hello Team, 

I am looking for advice on a pricing strategy for this property. 

We are in the greater Sacramento area in California. 

.30 acres

Duplex:
1/1 ~700 sqft rents for $1,950
Studio ~400 sqft market rents for 1,700.

Main house (SFR), 3/3 and ~1,900 sqft and market rents for about $2,950.
There is also a shop on the property that is about 800 sqft. (could easily bring in about $500. - $600. a month, but I want to be conservative. 

Monthly income from these four things would reasonably be about $6,800-$7,000.



The house by itself would probably sell for 800K and the duplex by itself would easily sell for 400K and that's based on other sold duplexes in the surrounding areas. 

The property is in a great town, but it's not in the nicest neighborhood of that town. There's not a lot of rentals here, so I had to mostly go one neighboring town over to get data. 

What would a good pricing strategy look like in this situation? Any help is MUCH appreciated! 


Thank you! 

-Seth 

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  • Noah Laker
    Real Estate Broker · Sacramento, CA · Member since 2021 · 517 posts · 408 votes
    1y

    What's up Seth, glad you tapped into the BP community for advice. I'm a local broker, investor, and property manager. At this price point it might be worth investing in a professional appraisal, or just meet with a great broker. You'll want not just to go off of comp sales, but also potential income / cap rate calculation, and reproduction costs. Appraisers use multiple methods and you should too. 

    0Reply
  • Seth Reardon
    OP
    Member since 2023 · 2 posts · 2 votes
    1y

    Thank you, Noah. I appreciate the feedback! 

    0Reply
  • Gordon CuffePro Member
    Investor · Roseville, CA · Member since 2009 · 1k+ posts · 583 votes
    1y

    The value depends alot on the zip code that the property is in. You know that there is a bid difference in values going from del paso to nice parts of downtown Sacramento. Ask a realtor for some comps within one mile of the property. Do you really think a small studio would rent for 1700 per month. That is alot for a single person to afford . 

    0Reply
  • Scott ScovilleBusiness Member
    Real Estate Agent · Sacramento, CA · Member since 2019 · 497 posts · 272 votes
    1y
    Quote from @Seth Reardon:

    Hello Team, 

    I am looking for advice on a pricing strategy for this property. 

    We are in the greater Sacramento area in California. 

    .30 acres

    Duplex:
    1/1 ~700 sqft rents for $1,950
    Studio ~400 sqft market rents for 1,700.

    Main house (SFR), 3/3 and ~1,900 sqft and market rents for about $2,950.
    There is also a shop on the property that is about 800 sqft. (could easily bring in about $500. - $600. a month, but I want to be conservative. 

    Monthly income from these four things would reasonably be about $6,800-$7,000.



    The house by itself would probably sell for 800K and the duplex by itself would easily sell for 400K and that's based on other sold duplexes in the surrounding areas. 

    The property is in a great town, but it's not in the nicest neighborhood of that town. There's not a lot of rentals here, so I had to mostly go one neighboring town over to get data. 

    What would a good pricing strategy look like in this situation? Any help is MUCH appreciated! 


    Thank you! 

    -Seth 


    Hey Seth, how's it going with your properties? I specialize in small multi family in Sacramento. Be happy to give you my opinion. DM me the area and or address. Happy to help.

    [email protected]415-933-2202
    Scoville Realty & Investments LLC
    WebsiteView Page
    0Reply
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