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1416 22nd St 1416 22nd St 5 Unit Apartment Building $1,050,000 ($210,000/Unit) 5.77% Cap Rate Sacramento, CA 95816
Investment Highlights
- Dynamic Midtown Location
- Charming Craftsman Bungalow
- Newer Pitched Roof
Executive Summary
Brittain Commercial is proud to present 1416 22nd Street Apartments, a charming 5 unit Craftsman bungalow originally built in 1910 and tastefully updated over time.
Located in one of Midtown/Downtown Sacramento’s most dynamic and sought after neighborhoods, this A+ location places residents just blocks from the State Capitol and Capitol Park, Golden 1 Center, DOCO, Memorial Auditorium, and light rail. The property is also surrounded by some of Sacramento’s most popular dining and nightlife destinations, including Magpie, Passa Notte, Zócalo, Aioli Bodega, Iron Horse Tavern, Jack’s Urban Eats, Alaro Craft Brewery, Temple Coffee, and Paesanos.
The community offers residents the comfort of limited access entry and has been self-managed and well maintained by current ownership. Recent improvements include a new roof and updated interiors, making this an attractive and well cared for asset.
1416 22nd Street is more than just an apartment building. It is an opportunity to acquire a well positioned, income producing community in the heart of Sacramento’s cultural core.
Located in one of Midtown/Downtown Sacramento’s most dynamic and sought after neighborhoods, this A+ location places residents just blocks from the State Capitol and Capitol Park, Golden 1 Center, DOCO, Memorial Auditorium, and light rail. The property is also surrounded by some of Sacramento’s most popular dining and nightlife destinations, including Magpie, Passa Notte, Zócalo, Aioli Bodega, Iron Horse Tavern, Jack’s Urban Eats, Alaro Craft Brewery, Temple Coffee, and Paesanos.
The community offers residents the comfort of limited access entry and has been self-managed and well maintained by current ownership. Recent improvements include a new roof and updated interiors, making this an attractive and well cared for asset.
1416 22nd Street is more than just an apartment building. It is an opportunity to acquire a well positioned, income producing community in the heart of Sacramento’s cultural core.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,050,000 | Apartment Style | Low-Rise |
| Price Per Unit | $210,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 5.77% | Building Size | 2,746 SF |
| Gross Rent Multiplier | 10.7 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 0.73/1,000 SF |
| Zoning | R3A, Sacramento | ||
| Price | $1,050,000 |
| Price Per Unit | $210,000 |
| Sale Type | Investment |
| Cap Rate | 5.77% |
| Gross Rent Multiplier | 10.7 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,746 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | R3A, Sacramento |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $1,400 | 400 |
| 1+1 | 2 | $1,975 | 600 - 650 |
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Some public transit
50/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 007-0251-013 | Improvements Assessment | $220,948 |
| Land Assessment | $84,967 | Total Assessment | $305,915 |
Property Taxes
Parcel Number
007-0251-013
Land Assessment
$84,967
Improvements Assessment
$220,948
Total Assessment
$305,915
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