Hello Investors,

Welcome to Dealsletter #42, where we’ve lined up an exciting mix of properties from high-potential areas across California. This week, we’re highlighting properties perfect for both pure investment and house hacking, offering strong cap rates and value-add opportunities. From a newly renovated triplex in Sacramento’s fast-growing Oak Park neighborhood to a Section 8-eligible multifamily in San Diego's North Park, these properties cater to a variety of investor strategies and preferences. Let’s dive in and find your next deal!

Multi-Family

Property: 2810 42nd St, Sacramento, CA
Price: $1,050,000
Units: 3 (1 x 3 Bed/1 Bath, 2 x 1 Bed/1 Bath)
Cap Rate: 6.40%

Why This is a Great Investment 👉🏼 Located in Sacramento's rapidly growing Oak Park/Med Center area, this property is perfect for investors seeking a turn-key, low-maintenance asset. Recently renovated with updated flooring, plumbing, windows, and more, this multifamily property provides immediate rental income with minimal upkeep. Its proximity to the UC Davis Med Center guarantees high demand and a reliable tenant base.

The Stats (25% Down) 📝

• Gross Rent: $8,200/month

• Total Annual Expenses: $33,600

• Net Operating Income (NOI): $67,600/year

• Cash Flow: Positive cash flow with room for growth

• Cap Rate: 6.40%

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Multi-Family

Property: 6004 Martin Luther King Jr Blvd, Sacramento, CA
Price: $1,549,000
Units: 12 (10 Studios, 2 x 1 Bed/1 Bath)
Cap Rate: 7.01%

Why This is a Great Investment 👉🏼 This 12-unit property, situated on three separate four-unit buildings, offers strong rental income with a 7.01% cap rate. There’s potential for even more income with a RUBS program and rental rate adjustments to meet market demand. It’s an ideal option for investors interested in stable cash flow with the ability to reduce operating costs and increase NOI over time.

The Stats (25% Down) 📝

• Gross Rent: $15,752/month

• Total Annual Expenses: $65,329

• Net Operating Income (NOI): $108,573/year

• Cash Flow: Reliable income with the potential for increases

• Cap Rate: 7.01%

House Hack

Property: 3022 Quince St, San Diego, CA (House Hack)
Price: $1,195,000
Units: 3 (1 x 2 Bed/1 Bath, 2 x 1 Bed/1 Bath)
Cap Rate: 4.18%

Why This is a Great Investment 👉🏼 Located in San Diego’s sought-after North Park neighborhood, this triplex offers a unique opportunity for owner-occupants looking to offset their mortgage. With a WalkScore of 83, it’s near shops, bars, cafes, and Balboa Park, making it highly desirable for tenants. Live in one unit and rent out the others to enjoy both a great location and financial returns.

The Stats (25% Down) 📝

• Gross Rent: $5,435/month

• Operating Expenses: $1,339/month

• NOI: $4,096/month

• Loan Payment: $7,644/month

• Effective Mortgage (with rent): $3,548/month

What’s Brewing at Dealsletter ☕️

• More House Hack Opportunities: With rising mortgage rates (Yay again), we’re focusing on properties that can offer creative financing and live-in investment options. Think duplexes, triplexes, and ADU potential properties where you can live in one unit and rent out the rest.

• Spotlight on Emerging Markets: We’re expanding beyond California, keeping an eye on emerging cities that offer attractive cap rates and investor-friendly climates. We’ll highlight cities you might not have considered but are primed for growth.

• Dealsletter Success Stories: Have you closed on a property or found value through Dealsletter? We want to hear about it! Send us your story for a chance to be featured in our community section.

• Premium Version Coming Soon!
  Get ready for a premium option featuring in-depth investment metrics and exclusive content. More details, more value!

• More Properties in Each Premium Issue
  Our premium version will offer more properties per issue, giving you a wider range of investment opportunities.

A Big Thank You! 🙌

We're immensely grateful for our early subscribers. Your trust and engagement are the fuel that drives Dealsletter. We promise to keep delivering top-notch real estate insights and deals.

Until next time,

The Dealsletter Team