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1323 Democracy Aly
Sacramento, CA 95814
Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- All 3-Bedroom Condominiums
- Double Pane Windows
- In Unit Laundry
- 9’ ceilings
- Marble Slab Countertops
- Stainless Steel Appliances
EXECUTIVE SUMMARY
Democracy Aly is a modern luxury condo built in 2022 and located in Downtown Sacramento. The property has a condo map with each unit individually parceled. This provides a new owner with the opportunity to maintain the complex as a rental or if desired sell the individual units separately. The Unit mix consists of a 1,620 square foot 3-Bedroom/3-Bathroom unit and two 1,420 square foot 3-Bedroom/2.5 Bathroom units. The property was built with comfort and style for residents that desire luxury living without the need for homeownership. In catering to this workforce demographic, the design was meticulous with 9’ ceilings, Italian Carrara marble slab countertops, soft closing cabinetry, and vinyl plank flooring. All units feature Bertazzoni induction range, refrigerator, microwave, dishwasher and hood. There are in-unit washers and dryers manufactured by Miele plus mini-split zoned HVAC in each room for custom temperature control. Each unit features a patio or balcony along with high-speed internet. In addition, there are individual water heaters, a sprinkler system, and double pane windows.
The complex was built with soundproof flooring and ceiling to reduce noise while increasing privacy for the residents. This building features secured entry with a ButterflyMX intercom and smart system that provides access plus a safe location for package delivery.
This property is near the corner of 14th and E Street in the Mansion Flats district. This area is one of the oldest neighborhoods in Sacramento and named after the Historic California Governor’s Mansion at 16th & H Street. There are numerous properties in this area that were built between 1853 and 1869. Over the years, as the Capital Corridor grew much of this district was revitalized starting in the 1970s. Today, you can find high-end luxury apartments, access a wide range of dining, shopping and entertainment. There are several parks within walking distance plus the State Capitol and Golden 1 Center are less than 1-mile away from Democracy Aly.
The complex was built with soundproof flooring and ceiling to reduce noise while increasing privacy for the residents. This building features secured entry with a ButterflyMX intercom and smart system that provides access plus a safe location for package delivery.
This property is near the corner of 14th and E Street in the Mansion Flats district. This area is one of the oldest neighborhoods in Sacramento and named after the Historic California Governor’s Mansion at 16th & H Street. There are numerous properties in this area that were built between 1853 and 1869. Over the years, as the Capital Corridor grew much of this district was revitalized starting in the 1970s. Today, you can find high-end luxury apartments, access a wide range of dining, shopping and entertainment. There are several parks within walking distance plus the State Capitol and Golden 1 Center are less than 1-mile away from Democracy Aly.
PROPERTY FACTS
| Price Per Unit | $583,333 | Apartment Style | Low-Rise |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 5.24% | Building Size | 4,470 SF |
| Gross Rent Multiplier | 15.56 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-3A-SPD | ||
| Price Per Unit | $583,333 |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| Gross Rent Multiplier | 15.56 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.08 AC |
| Building Size | 4,470 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
| Zoning | R-3A-SPD |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Security System
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Family Room
- Freezer
- Island Kitchen
SITE AMENITIES
- Fenced Lot
- Security System
- Wi-Fi
- Storage Space
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 2 | $3,088 | 1,425 |
| 3+3 | 1 | $3,200 | 1,620 |
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