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2065-2081 15th Avenue 11 Unit Apartment Building $1,950,000 ($177,273/Unit) 5.61% Cap Rate Sacramento, CA 95822
Investment Highlights
- Operational flexibility and income strength with two contiguous parcels, RUBS in place, and durable tenant demand supporting long term appreciation
- Prime William Land Park location within walking distance of major amenities and positioned between I-5 and Hwy-99 for strong regional connectivity
- Large diverse units featuring upgraded interiors, in unit laundry, modern finishes, and a diversified mix of 1BD, 2BD, and 3BD units
Executive Summary
Marcus & Millichap is pleased to present 2065–2081 15th Avenue, an 11 unit multifamily asset located in the highly desirable William Land Park neighborhood of Sacramento, CA. The property consists of two contiguous parcels; one improved with a 7 unit building and the other with a 4 plex, offering operational simplicity and potential to sell each parcel individually.
The unit mix is composed of eight 1BD/1BA units, one 2BD/1BA unit, one 2BD/2BA unit, and one 3BD/1BA unit. All units have undergone
interior upgrades, including in unit washer/dryer, dishwashers, wood laminate flooring, and updated cabinetry and countertops. The three
bedroom unit is equipped with central HVAC, while the remaining units utilize wall heating and air conditioning. A RUBS program is currently
implemented only on a few units, which a new investor can continue the program to boost NOI.
The asset benefits from a prime infill location within walking distance of Sacramento City College, the Sacramento Zoo, and William Land Park. Positioned between Interstate 5 and Highway 99, the property provides excellent regional connectivity. The Golden 1 Center is approximately five miles away, and the nearby Central Business District offers a concentration of employment, entertainment, retail, and dining amenities.
2065–2081 15th Avenue represents an opportunity to acquire a well maintained, renovated multifamily asset in one of Sacramento’s most
established neighborhoods, supported by strong tenant demand, proximity to major employment centers, and long term appreciation potential.
The unit mix is composed of eight 1BD/1BA units, one 2BD/1BA unit, one 2BD/2BA unit, and one 3BD/1BA unit. All units have undergone
interior upgrades, including in unit washer/dryer, dishwashers, wood laminate flooring, and updated cabinetry and countertops. The three
bedroom unit is equipped with central HVAC, while the remaining units utilize wall heating and air conditioning. A RUBS program is currently
implemented only on a few units, which a new investor can continue the program to boost NOI.
The asset benefits from a prime infill location within walking distance of Sacramento City College, the Sacramento Zoo, and William Land Park. Positioned between Interstate 5 and Highway 99, the property provides excellent regional connectivity. The Golden 1 Center is approximately five miles away, and the nearby Central Business District offers a concentration of employment, entertainment, retail, and dining amenities.
2065–2081 15th Avenue represents an opportunity to acquire a well maintained, renovated multifamily asset in one of Sacramento’s most
established neighborhoods, supported by strong tenant demand, proximity to major employment centers, and long term appreciation potential.
Property Facts
| Price | $1,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $177,273 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 5.61% | Building Size | 8,050 SF |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | ||
| Zoning | R-3 - Residential | ||
| Price | $1,950,000 |
| Price Per Unit | $177,273 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 8,050 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Zoning | R-3 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 650 |
| 2+1 | 1 | - | 900 |
| 2+2 | 1 | - | 950 |
| 3+1 | 1 | - | 1,000 |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Biker's Paradise (94)
Property Taxes
| Parcel Numbers | Improvements Assessment | $757,456 | |
| Land Assessment | $368,117 | Total Assessment | $1,125,573 |
Property Taxes
Parcel Numbers
Land Assessment
$368,117
Improvements Assessment
$757,456
Total Assessment
$1,125,573
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2065-2081 15th Avenue
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