Buy & Hold Historic Duplex in Sacramento

Real Estate Agent · Sacramento, CA · Member since 2019 · 497 posts · 272 votes

Just finished one of our bigger projects. We purchased this buy and hold historic duplex which faces William Land Park in Sacramento. We rehabbed the entire property and added an additional bedroom to each of the units. While we were a bit over budget and slightly over our projected timeline, we were still able to force appreciate the property by $100k. Interested in learning more about the Sacramento market, feel free to DM me.

Purchase Price: $882,250

Rehab: $260,000

Holding Costs: $60,000

Appraised: $1,300,000

Gross Rents: $6,800

[email protected]415-933-2202

Scoville Realty & Investments LLC

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Anderson Banegas Cerrato

Investor · CA · Member since 2024 · 82 posts · 31 votes

Scott, this is incredible work! Turning a historic duplex into a high-performing asset while forcing $100k in appreciation is no small feat—seriously impressive.

I’m particularly fascinated by how you navigated the Sacramento market and managed the rehab process. Adding bedrooms to both units sounds like a game-changer for rent potential.

How did you decide on this property, and what’s been your biggest learning from this project? Also, would you say Sacramento still has strong opportunities for buy-and-hold investors like myself looking to get started?

I’d love to connect and learn more about your process!

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Jake AndronicoBusiness Member
Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes
2y
@Scott Scoville
Wow, that's a sizable project. Turned out amazing! Congrats!!
415-233-1796
1 Reply
Alan F.
Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
2y
Quote from @Scott Scoville:

Just finished one of our bigger projects. We purchased this buy and hold historic duplex which faces William Land Park in Sacramento. We rehabbed the entire property and added an additional bedroom to each of the units. While we were a bit over budget and slightly over our projected timeline, we were still able to force appreciate the property by $100k. Interested in learning more about the Sacramento market, feel free to DM me.

Purchase Price: $882,250

Rehab: $260,000

Holding Costs: $60,000

Appraised: $1,300,000

Gross Rents: $6,800

Congrats Scott!
1 Reply
Sydney Howard
Realtor · Los Angeles, CA · Member since 2024 · 17 posts · 5 votes
2y
Scott,
This is great!! Congrats. Thank you for sharing.
Syd
0 Reply
Andrew SyriosPro Member
Moderator
Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
2y
Sounds like a good deal, congrats Scott!
Podcast Guest on Show #121
0 Reply
Jim Haertjens
Member since 2019 · 4 posts · 1 vote
1y
Quote from @Scott Scoville:

Just finished one of our bigger projects. We purchased this buy and hold historic duplex which faces William Land Park in Sacramento. We rehabbed the entire property and added an additional bedroom to each of the units. While we were a bit over budget and slightly over our projected timeline, we were still able to force appreciate the property by $100k. Interested in learning more about the Sacramento market, feel free to DM me.

Purchase Price: $882,250

Rehab: $260,000

Holding Costs: $60,000

Appraised: $1,300,000

Gross Rents: $6,800

Have 1.2 into the project and it only appraised at 1.3?? Only 100k for all your work barely sounds worth it, with all respect.
0 Reply
Scott ScovilleBusiness Member
OP
Real Estate Agent · Sacramento, CA · Member since 2019 · 497 posts · 272 votes
1y
Quote from @Jim Haertjens:

Quote from @Scott Scoville:

Just finished one of our bigger projects. We purchased this buy and hold historic duplex which faces William Land Park in Sacramento. We rehabbed the entire property and added an additional bedroom to each of the units. While we were a bit over budget and slightly over our projected timeline, we were still able to force appreciate the property by $100k. Interested in learning more about the Sacramento market, feel free to DM me.

Purchase Price: $882,250

Rehab: $260,000

Holding Costs: $60,000

Appraised: $1,300,000

Gross Rents: $6,800

Have 1.2 into the project and it only appraised at 1.3?? Only 100k for all your work barely sounds worth it, with all respect.

It's a Class A location in Sacramento. They're not making more Land Park facing properties. Will be worth $1.8M-$2M and rents will be $8k+ per month in 5 years. I think it's worth it.
[email protected]415-933-2202
Scoville Realty & Investments LLC
Website View Page
0 Reply
Jim Haertjens
Member since 2019 · 4 posts · 1 vote
1y
Quote from @Scott Scoville:

Quote from @Jim Haertjens:

Quote from @Scott Scoville:

Just finished one of our bigger projects. We purchased this buy and hold historic duplex which faces William Land Park in Sacramento. We rehabbed the entire property and added an additional bedroom to each of the units. While we were a bit over budget and slightly over our projected timeline, we were still able to force appreciate the property by $100k. Interested in learning more about the Sacramento market, feel free to DM me.

Purchase Price: $882,250

Rehab: $260,000

Holding Costs: $60,000

Appraised: $1,300,000

Gross Rents: $6,800

Have 1.2 into the project and it only appraised at 1.3?? Only 100k for all your work barely sounds worth it, with all respect.

It's a Class A location in Sacramento. They're not making more Land Park facing properties. Will be worth $1.8M-$2M and rents will be $8k+ per month in 5 years. I think it's worth it.

Now that sounds more like it!!! Love it!! My son wants to move to Sacramento, his friends family lives there.
0 Reply
Scott ScovilleBusiness Member
OP
Real Estate Agent · Sacramento, CA · Member since 2019 · 497 posts · 272 votes
1y
Quote from @Jim Haertjens:

Quote from @Scott Scoville:

Quote from @Jim Haertjens:

Quote from @Scott Scoville:

Just finished one of our bigger projects. We purchased this buy and hold historic duplex which faces William Land Park in Sacramento. We rehabbed the entire property and added an additional bedroom to each of the units. While we were a bit over budget and slightly over our projected timeline, we were still able to force appreciate the property by $100k. Interested in learning more about the Sacramento market, feel free to DM me.

Purchase Price: $882,250

Rehab: $260,000

Holding Costs: $60,000

Appraised: $1,300,000

Gross Rents: $6,800

Have 1.2 into the project and it only appraised at 1.3?? Only 100k for all your work barely sounds worth it, with all respect.

It's a Class A location in Sacramento. They're not making more Land Park facing properties. Will be worth $1.8M-$2M and rents will be $8k+ per month in 5 years. I think it's worth it.

Now that sounds more like it!!! Love it!! My son wants to move to Sacramento, his friends family lives there.

Where's he looking at moving in Sac?
[email protected]415-933-2202
Scoville Realty & Investments LLC
Website View Page
0 Reply
Julia Lyrberg
Lender · TX · Member since 2024 · 308 posts · 196 votes
1y
Congrats on wrapping up the project! Sounds like you did a great job with the rehab and adding the extra bedrooms really paid off! The Sacramento market seems like it’s working in your favor. Good luck with the next one!
1 Reply
Jeanine P.
Investor · Sacramento, CA · Member since 2010 · 161 posts · 29 votes
1y
Congrats!
0 Reply
Anderson Banegas Cerrato
Investor · CA · Member since 2024 · 82 posts · 31 votes
1y
Scott, this is incredible work! Turning a historic duplex into a high-performing asset while forcing $100k in appreciation is no small feat—seriously impressive.

I’m particularly fascinated by how you navigated the Sacramento market and managed the rehab process. Adding bedrooms to both units sounds like a game-changer for rent potential.

How did you decide on this property, and what’s been your biggest learning from this project? Also, would you say Sacramento still has strong opportunities for buy-and-hold investors like myself looking to get started?

I’d love to connect and learn more about your process!
1 Reply
Scott ScovilleBusiness Member
OP
Real Estate Agent · Sacramento, CA · Member since 2019 · 497 posts · 272 votes
1y
Quote from @Anderson Banegas Cerrato:

Scott, this is incredible work! Turning a historic duplex into a high-performing asset while forcing $100k in appreciation is no small feat—seriously impressive.

I’m particularly fascinated by how you navigated the Sacramento market and managed the rehab process. Adding bedrooms to both units sounds like a game-changer for rent potential.

How did you decide on this property, and what’s been your biggest learning from this project? Also, would you say Sacramento still has strong opportunities for buy-and-hold investors like myself looking to get started?

I’d love to connect and learn more about your process!

Hey Anderson, thanks. We decided on this property primarily based on location. With it being on the park, there are very few properties that become available to purchase that are on the park. Most are single families in the $1.5-$2M range, so we new that a duplex would be would have a much higher ARV than other duplexes in the area. Also, with the size of the units, we knew that we could add a bedroom somewhere within the property. By adding the 3rd bedrooms, we were confident that it would increase rents and our valuation considerably. The schools in the area are really solid as well. The main challenge was that there was considerable deferred maintenance. The property needed a lot of work, and holding costs were high. But ultimately, with the property now stabilized, we feel like we should see solid rent and price appreciation over the next 3-5 years. And yes, Sacramento is a great market. Many different strategies to choose from.

What are you doing in Sacramento? Any projects currently?
[email protected]415-933-2202
Scoville Realty & Investments LLC
Website View Page
1 Reply
Anderson Banegas Cerrato
Investor · CA · Member since 2024 · 82 posts · 31 votes
1y
Scott, appreciate the detailed response! It’s clear you had a sharp eye for opportunity with this duplex, especially given the prime location and potential for adding value through additional bedrooms. The insight about ARV being influenced by nearby single-family properties is gold—makes total sense now.

Right now, I’m just exploring Sacramento and trying to learn as much as I can. No active projects yet, but I’m gearing up to dive into multifamily properties, ideally 16+ units, with a focus on creative financing and NOI optimization. Your approach here has definitely given me a lot to think about in terms of spotting hidden value.

Curious, with the deferred maintenance challenges you faced, was there anything unexpected that came up during the rehab that you’d approach differently next time? Would love to keep the conversation going and learn more from your experience!

0 Reply
Scott ScovilleBusiness Member
OP
Real Estate Agent · Sacramento, CA · Member since 2019 · 497 posts · 272 votes
1y
Quote from @Anderson Banegas Cerrato:

Scott, appreciate the detailed response! It’s clear you had a sharp eye for opportunity with this duplex, especially given the prime location and potential for adding value through additional bedrooms. The insight about ARV being influenced by nearby single-family properties is gold—makes total sense now.

Right now, I’m just exploring Sacramento and trying to learn as much as I can. No active projects yet, but I’m gearing up to dive into multifamily properties, ideally 16+ units, with a focus on creative financing and NOI optimization. Your approach here has definitely given me a lot to think about in terms of spotting hidden value.

Curious, with the deferred maintenance challenges you faced, was there anything unexpected that came up during the rehab that you’d approach differently next time? Would love to keep the conversation going and learn more from your experience!

Yeah, creative finance is great. I've been focused on seller finance the last year. Helps with your debt to income, better opportunities at cash flow, and typically requires less down to purchase.
In regards to challenges, I usually build in an extra 10-15% to deal with things that I can't see behind the walls, including dry rot, electrical or plumbing issues, etc. It's not a matter of if you'll find more problems, but when and how many. Expect the unexpected and give it a number. Additional cash and time on your rehab is paramount.
[email protected]415-933-2202
Scoville Realty & Investments LLC
Website View Page
0 Reply
Anderson Banegas Cerrato
Investor · CA · Member since 2024 · 82 posts · 31 votes
1y
Quote from @Scott Scoville:

Quote from @Anderson Banegas Cerrato:

Scott, appreciate the detailed response! It’s clear you had a sharp eye for opportunity with this duplex, especially given the prime location and potential for adding value through additional bedrooms. The insight about ARV being influenced by nearby single-family properties is gold—makes total sense now.

Right now, I’m just exploring Sacramento and trying to learn as much as I can. No active projects yet, but I’m gearing up to dive into multifamily properties, ideally 16+ units, with a focus on creative financing and NOI optimization. Your approach here has definitely given me a lot to think about in terms of spotting hidden value.

Curious, with the deferred maintenance challenges you faced, was there anything unexpected that came up during the rehab that you’d approach differently next time? Would love to keep the conversation going and learn more from your experience!

Yeah, creative finance is great. I've been focused on seller finance the last year. Helps with your debt to income, better opportunities at cash flow, and typically requires less down to purchase.
In regards to challenges, I usually build in an extra 10-15% to deal with things that I can't see behind the walls, including dry rot, electrical or plumbing issues, etc. It's not a matter of if you'll find more problems, but when and how many. Expect the unexpected and give it a number. Additional cash and time on your rehab is paramount.

Scott, that’s some solid advice—thanks for sharing! I really like the idea of building in that 10-15% buffer for the unexpected. It’s a reminder that no matter how thorough the inspection, surprises are inevitable.

Seller financing is a great focus too—definitely seems like a powerful tool to make deals more manageable, especially on the cash flow side. Out of curiosity, what’s been your go-to strategy for finding sellers open to creative financing? And how do you typically structure those deals to make them a win-win?

Appreciate the insights! Always looking to learn more from pros like you.

0 Reply
- Scott ScovilleBusiness Member
  OP
  Real Estate Agent · Sacramento, CA · Member since 2019 · 497 posts · 272 votes
  1y
  Quote from @Anderson Banegas Cerrato:
  
  Quote from @Scott Scoville:
  
  Quote from @Anderson Banegas Cerrato:
  
  Scott, appreciate the detailed response! It’s clear you had a sharp eye for opportunity with this duplex, especially given the prime location and potential for adding value through additional bedrooms. The insight about ARV being influenced by nearby single-family properties is gold—makes total sense now.
  
  Right now, I’m just exploring Sacramento and trying to learn as much as I can. No active projects yet, but I’m gearing up to dive into multifamily properties, ideally 16+ units, with a focus on creative financing and NOI optimization. Your approach here has definitely given me a lot to think about in terms of spotting hidden value.
  
  Curious, with the deferred maintenance challenges you faced, was there anything unexpected that came up during the rehab that you’d approach differently next time? Would love to keep the conversation going and learn more from your experience!
  
  Yeah, creative finance is great. I've been focused on seller finance the last year. Helps with your debt to income, better opportunities at cash flow, and typically requires less down to purchase.
  In regards to challenges, I usually build in an extra 10-15% to deal with things that I can't see behind the walls, including dry rot, electrical or plumbing issues, etc. It's not a matter of if you'll find more problems, but when and how many. Expect the unexpected and give it a number. Additional cash and time on your rehab is paramount.
  
  Scott, that’s some solid advice—thanks for sharing! I really like the idea of building in that 10-15% buffer for the unexpected. It’s a reminder that no matter how thorough the inspection, surprises are inevitable.
  
  Seller financing is a great focus too—definitely seems like a powerful tool to make deals more manageable, especially on the cash flow side. Out of curiosity, what’s been your go-to strategy for finding sellers open to creative financing? And how do you typically structure those deals to make them a win-win?
  
  Appreciate the insights! Always looking to learn more from pros like you.
  
  Hey @Anderson Banegas Cerrato, in regards to seller finance in Sacramento, we typically give them their price (retail), even with deferred maintenance, but then we have to get terms (low interest rate, low monthly payments, low down payment, no prepayment penalties, long balloon payment). Has to be a win win to make it work. Be happy to chat more about this anytime:-)
  
  [email protected]415-933-2202
  Scoville Realty & Investments LLC
  Website View Page
  0 Reply
Garrett Durant
Investor · CA · Member since 2025 · 5 posts · 3 votes
1y
Congrats! Good job with adding value to the units. Good luck on your next one.
1 Reply
Deborah Wodell
Lender · Sanford, NC · Member since 2024 · 348 posts · 116 votes
1y
Amazing experience for you! and thank u for sharing!
0 Reply
Paul Leara
Member since 2025 · 1 post · 0 votes
1y
were you worried about finding the right tenant at the raised rent level? That is my main concern with value add, that the area won't support what the new rent needs to be after repair.
0 Reply
- Scott ScovilleBusiness Member
  OP
  Real Estate Agent · Sacramento, CA · Member since 2019 · 497 posts · 272 votes
  1y
  Quote from @Paul Leara:
  
  were you worried about finding the right tenant at the raised rent level? That is my main concern with value add, that the area won't support what the new rent needs to be after repair.
  
  Not with this location, since there's a lot of demand and limited rental supply. It really is location specific though.
  [email protected]415-933-2202
  Scoville Realty & Investments LLC
  Website View Page
  0 Reply

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