New Listing - 3136 Belden Street, Sacramento, CA 95815

The most adorable 1 bedroom, 1 bathroom, 904sf private cottage in Del Paso Heights awaits a new owner! You will absolutely love this well-maintained gem. Serene, secluded setting on a corner lot with side alley access. Enjoy coffee or a beer on the huge covered front porch! Inside find huge living room and fireplace, remodeled kitchen with granite counters, cute breakfast nook with built-in seating, updated bathroom, indoor laundry room. Huge lot with manicured landscape, sprinklers and drip lines, and lots of sunny space to garden or play! Apple, apricot, and orange trees along with grape vines, with plenty more space makes the perfect spot for your small urban farm! Freshly painted exterior. Detached oversized garage offers lots of storage. RV access, complete with water, sewer, and power hookups. Pest clearance completed August 2019. Located in close proximity to transit, parks, shopping and convenient freeway access. Don't wait! Offered at $225,000. For more photos and information please visit 3136 Belden Street, Sacramento, CA 95815.

City of Sacramento passed a rent control ordinance -- here are the basics...

The City of Sacramento passed a new rent control ordinance last month that will be rolling out very soon. I think there may be confusion among local landlords and tenants alike as this is implemented. This ONLY applies within the city limits of Sacramento, which is a very specific area...there are areas within the unincorporated county of Sacramento where the ordinance will not apply, and there are many residents of those areas who do not realize the difference between city and county jurisdiction. Here is a map of the affected areas:

I think confusion will be highest in areas with Sacramento addresses that are outside of the city limits. For example parts of town such as the Arden / Arcade areas, some parts of Natomas, areas near the Oak Park neighborhood, Rosemont, South Sacramento, Foothill Farms, etc all have Sacramento addresses but are actually located in the unincorporated county though are adjacent to the city limits. Those areas are not affected by this rent control ordinance.

If you have trouble sleeping, you can read the full text of the adopted ordinance here. Here are the highlights of the new ordinance that will be in effect in the coming week:

• Allowable annual rent increase is set at 6% + CPI (inflation adjustment), hard cap not to exceed 10%
• Base rent is set at what the landlord charged as of July 1, 2019
• Only 1 rent increase allowed every 12 months
• Single family homes are exempt
• All units built after February 1, 1995 are exempt
• Just cause for eviction. After 1 year of occupancy, owners may only terminate tenancy for cause (like failure to pay rent or illegal activity), OR may only terminate tenancy with 120-day notice for the following reasons:
• To make substantial repairs (must offer tenant first right to return) 
• Landlord or immediate family moves into the unit 
• Landlord withdraws all of the units in the building from the rental market for at least one year.

The ordinance will sunset on December 31, 2024 unless extended.

For added fun, there is a statewide rent cap bill, AB1482, making its way through the legislature right now. It will be interesting to see if there is the political will to make rent control a statewide policy. We shall know on that one in the next month.

If you are thinking about selling a rental or investment property in the city limits of Sacramento that falls within the jurisdiction of these rent control ordinances, please reach out to me right away so we can strategize how to sell the property in compliance with the ordinance.