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Sutter House 2320 P St 34 Unit Apartment Building $7,400,000 ($217,647/Unit) 4.79% Cap Rate Sacramento, CA 95816
Investment Highlights
- New elevator, upgraded electrical systems, central HVAC on floors 2–4
- Exterior and interior common areas recently painted
- Laundry facility, leased parking, secure entrances
- Professionals and students; high-demand, thriving community setting
Executive Summary
Midtown Sacramento Apartment Building presents a premium 34-unit opportunity featuring 31 1-bedroom, 1-bath units and 3 stylish studio apartments. The building spans 23,706 sq ft with enhanced accessibility and income generating amenities: a laundry facility, leased parking, and secure entrances. Recent upgrades include a new elevator, new electrical systems and central HVAC installations for floors 2-4, ensuring tenant comfort year-round. Emphasizing convenience, the exterior and interior common areas have been freshly painted. Ideally located, these apartments offer quick access to major city hotspots: just 1 mile from the state capital, less than 5 miles to Sacramento State University, and under 2 miles from the Golden 1 Center, fostering a thriving community setting for professionals and students alike.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
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| Other Income |
-
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-
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| Vacancy Loss |
-
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| Effective Gross Income |
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $7,400,000 | Building Class | C |
| Price Per Unit | $217,647 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 32,524 SF |
| Cap Rate | 4.79% | Average Occupancy | 97% |
| No. Units | 34 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | R3A, Sacramento - Residential | ||
| Price | $7,400,000 |
| Price Per Unit | $217,647 |
| Sale Type | Investment |
| Cap Rate | 4.79% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 32,524 SF |
| Average Occupancy | 97% |
| No. Stories | 4 |
| Year Built | 1960 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3A, Sacramento - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 480 |
| 1+1 | 31 | - | 650 - 700 |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (99)
Property Taxes
| Parcel Number | 007-0325-022 | Improvements Assessment | $4,332,078 (2025) |
| Land Assessment | $519,293 (2025) | Total Assessment | $4,851,371 (2025) |
Property Taxes
Parcel Number
007-0325-022
Land Assessment
$519,293 (2025)
Improvements Assessment
$4,332,078 (2025)
Total Assessment
$4,851,371 (2025)
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