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1421 G St 6 Unit Apartment Building $1,590,000 ($265,000/Unit) 4.04% Cap Rate Sacramento, CA 95814
INVESTMENT HIGHLIGHTS
- Spacious units with flowing floorplans
- Thriving downtown location blocks from the Convention and Performing Arts District
- Vintage building with character
EXECUTIVE SUMMARY
Exceptional opportunity to own a three story walk-up of vintage American four square design with colonial revival and craftsman influences. Six spacious one-bedroom units have large, airy floorplans that flow comfortably between living room, dining room, bedroom, kitchen, & laundry porch. These desirable apartments are rarely vacant. The property also offers investors potential upsides on renting 3 currently vacant garage/storage spaces, creating a Ratio Utility Billing System (RUBS) for water and sewer utility reimbursement, as well as rent increases to market rents. The .15 acre lot may also have further development potential. Check with City for options. Contact Kari Bryski for financials and rent roll.
PROPERTY FACTS
| Price | $1,590,000 | Apartment Style | Low-Rise |
| Price Per Unit | $265,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.04% | Building Size | 5,826 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1907 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-3A - Multi-family zoning in the City of Sacramento | ||
| Price | $1,590,000 |
| Price Per Unit | $265,000 |
| Sale Type | Investment |
| Cap Rate | 4.04% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,826 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1907 |
| Opportunity Zone |
Yes |
| Zoning | R-3A - Multi-family zoning in the City of Sacramento |
AMENITIES
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Vintage Building
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 900 |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 002-0165-017 | Improvements Assessment | $1,273,449 |
| Land Assessment | $551,828 | Total Assessment | $1,825,277 |
PROPERTY TAXES
Parcel Number
002-0165-017
Land Assessment
$551,828
Improvements Assessment
$1,273,449
Total Assessment
$1,825,277
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1421 G St
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