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1301 H St 9 Unit Apartment Building $3,550,000 ($394,444/Unit) 4.11% Cap Rate Sacramento, CA 95814
INVESTMENT HIGHLIGHTS
- Turnkey 2019 renovation with all new mechanical and interior/exterior upgrades
- Strong long-term tenant demand from young professionals and state workers
- Core Downtown location blocks from Downtown Commons, Golden 1 Center and major employers
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 1301 H Street Apartments, a fully renovated 9-unit multifamily asset located steps from Sacramento’s Central Business District. Originally a Victorian office building, the property underwent a complete conversion in 2019 and now features Nine natural light filled two bedroom apartment units; Two 2BD/1BA and Seven 2BD/2BA units.
1301 H Street underwent extensive interior and exterior upgrades completed in 2019. The property was fully gutted and rebuilt to current code, effectively creating a newly constructed 2019 asset within a restored exterior shell. Improvements completed in 2019 include new plumbing, electrical, foundation upgrades, roof, water heaters, mini-split heating and cooling systems, exterior siding, and more.
Positioned within walking distance of Downtown Commons (DOCO), Golden 1 Center (Home of the Sacramento Kings), and Sacramento’s premier dining and nightlife, the property offers exceptional lifestyle convenience. Sutter Health Park, home to the River Cats and temporary host of the Oakland A’s through 2027, is just across Tower Bridge.
The building blends modern upgrades with the character of its historic surroundings and attracts a stable tenant base of young professionals and state employees. With the Governor’s directive for state workers to return to the office by July 1, 2026, the asset is well positioned for continued rent growth in the Downtown submarket.
1301 H Street represents an ideal opportunity to acquire a low maintenance, turnkey property with strong income and long term stable cash flow.
*This property is registered in the National, California, and Sacramento Register of Historic and Cultural Resources; Enacted August 2nd, 1977*
Please contact the listing team for due diligence materials and property tours.
PLEASE CONTACT LISTING BROKER FOR OFFERING MEMORANDUM
1301 H Street underwent extensive interior and exterior upgrades completed in 2019. The property was fully gutted and rebuilt to current code, effectively creating a newly constructed 2019 asset within a restored exterior shell. Improvements completed in 2019 include new plumbing, electrical, foundation upgrades, roof, water heaters, mini-split heating and cooling systems, exterior siding, and more.
Positioned within walking distance of Downtown Commons (DOCO), Golden 1 Center (Home of the Sacramento Kings), and Sacramento’s premier dining and nightlife, the property offers exceptional lifestyle convenience. Sutter Health Park, home to the River Cats and temporary host of the Oakland A’s through 2027, is just across Tower Bridge.
The building blends modern upgrades with the character of its historic surroundings and attracts a stable tenant base of young professionals and state employees. With the Governor’s directive for state workers to return to the office by July 1, 2026, the asset is well positioned for continued rent growth in the Downtown submarket.
1301 H Street represents an ideal opportunity to acquire a low maintenance, turnkey property with strong income and long term stable cash flow.
*This property is registered in the National, California, and Sacramento Register of Historic and Cultural Resources; Enacted August 2nd, 1977*
Please contact the listing team for due diligence materials and property tours.
PLEASE CONTACT LISTING BROKER FOR OFFERING MEMORANDUM
PROPERTY FACTS
| Price | $3,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $394,444 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 4.11% | Building Size | 7,083 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1896/2019 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | C-2 | ||
| Price | $3,550,000 |
| Price Per Unit | $394,444 |
| Sale Type | Investment |
| Cap Rate | 4.11% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 7,083 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1896/2019 |
| Opportunity Zone |
Yes |
| Zoning | C-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Bay Window
- Ceiling Fans
- Crown Molding
- Kitchen
- Granite Countertops
- Hardwood Floors
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Dining Room
- Double Pane Windows
- Freezer
- Island Kitchen
- Linen Closet
- Patio
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 9 | - | 743 - 867 |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 002-0164-015 | Improvements Assessment | $1,476,366 |
| Land Assessment | $408,523 | Total Assessment | $1,884,889 |
PROPERTY TAXES
Parcel Number
002-0164-015
Land Assessment
$408,523
Improvements Assessment
$1,476,366
Total Assessment
$1,884,889
CONTACTS
-
Sutter McLoughlin -
David DeLoney -
Tony DeLoney -
Dusty Haeling -
Marcus & Millichap
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1301 H St
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