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Downtown Apartment Complex Coming Soon. 1317 F St 10 Unit Apartment Building $3,300,000 ($330,000/Unit) 5% Cap Rate Sacramento, CA 95814

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Investment Highlights

10 units
California state capitol within close proximity
Centrally located

Downtown location
Several different unit mixes

Executive Summary

We are proud to present 1317 F Street, an exceptional investment opportunity in the Heart of Downtown Sacramento. The subject property is fully remodeled, turn-key multifamily asset located in one of Downtown Sacramento’s most vibrant and desirable neighborhoods. This rare offering provides a compelling combination of stabilized income, recent capital improvements, and significant upside potential all at an attractive cap rate and below market basis.
1317 F Street is a Two-story apartment community comprising 10-Units, on a 0.15-acre lot. The subject property was originally built in 1964 but was completely gutted and remodeled in 2018. 1317 F Street amenities include Laundry, tuck under parking and a remodeled interior corridor. The unit configuration includes two 3-bedroom/2-bathroom units and eight 2-bedroom/1-bathroom units. This building was taken down to the studs and reconfigured with new lighting, windows, kitchens/bathrooms, electrical, plumbing, roof and much more. Truly a turn-key product in Midtown Sacramento.
Tenants are responsible for gas and electricity within their unit, while the owner pays water, sewer, and garbage. The new owner can implement a Ratio Utility Billing System (RUBS) to bill a portion of these charges to the residents which is becoming more common in California. These charges can be around $50-125 per unit in addition to the residents’ standard monthly rental payment depending on the amount of people in each unit. This unique opportunity offers a blend of historic charm and modern comfort, making it an appealing and comfortable place to call home.

Property Facts

Price	$3,300,000	Building Class	B
Price Per Unit	$330,000	Lot Size	0.15 AC
Sale Type	Investment	Building Size	7,524 SF
Cap Rate	5%	No. Stories	2
No. Units	10	Year Built/Renovated	1964/2019
Property Type	Multifamily	Parking Ratio	1.08/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	R3A

Price	$3,300,000
Price Per Unit	$330,000
Sale Type	Investment
Cap Rate	5%
No. Units	10
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	B
Lot Size	0.15 AC
Building Size	7,524 SF
No. Stories	2
Year Built/Renovated	1964/2019
Parking Ratio	1.08/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R3A