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2401-2409 24th St 10 Unit Apartment Building $1,825,000 ($182,500/Unit) Sacramento, CA 95818
Investment Highlights
- Proven Value-Add Opportunity - Management Upside
- Rare Core Sacramento Garage Space Amenity
- Prime Central Sacramento Grid Location - Minutes to State Capitol, Golden 1 Cener, and Sutter Medical Center
- Convenient Access to Interstate 80, US 50, and Interstate 5
Executive Summary
The DeLoney Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire 2401 24th Street, a well-maintained 10-unit apartment community ideally positioned just minutes from Downtown Sacramento and the California State Capitol. The property features a diverse unit mix of one-bedroom, two-bedroom, and studio floor plans.
2401 24th Street offers investors a compelling value-add opportunity driven by both operational and rental upside, while benefiting from strong in-place fundamentals and an irreplaceable infill location. The property is in excellent physical condition, with select units recently renovated, reducing immediate capital expenditure requirements. Additionally, the property features garage parking — a highly sought-after amenity in Midtown Sacramento where secure parking is limited.
Average rent at the property is below market, presenting a clear pathway to revenue growth through strategic management, unit interior upgrades upon turnover, and thoughtful rent realignment to market levels. 2401 24th Street provides investors with the rare combination of stable occupancy, strong physical integrity, and meaningful upside potential in one of California’s most dynamic and supply-constrained rental markets.
All tours must be scheduled through The DeLoney Group. Please do not disturb management or residents.
2401 24th Street offers investors a compelling value-add opportunity driven by both operational and rental upside, while benefiting from strong in-place fundamentals and an irreplaceable infill location. The property is in excellent physical condition, with select units recently renovated, reducing immediate capital expenditure requirements. Additionally, the property features garage parking — a highly sought-after amenity in Midtown Sacramento where secure parking is limited.
Average rent at the property is below market, presenting a clear pathway to revenue growth through strategic management, unit interior upgrades upon turnover, and thoughtful rent realignment to market levels. 2401 24th Street provides investors with the rare combination of stable occupancy, strong physical integrity, and meaningful upside potential in one of California’s most dynamic and supply-constrained rental markets.
All tours must be scheduled through The DeLoney Group. Please do not disturb management or residents.
Property Facts
| Price | $1,825,000 | Building Class | C |
| Price Per Unit | $182,500 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 6,000 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Parking Ratio | 0.6/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RO, Sacramento | ||
| Price | $1,825,000 |
| Price Per Unit | $182,500 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,000 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.6/1,000 SF |
| Zoning | RO, Sacramento |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 450 |
| 1+1 | 4 | - | 600 |
| 2+1 | 1 | - | 750 |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,113,228 | |
| Land Assessment | $499,392 | Total Assessment | $1,612,620 |
Property Taxes
Parcel Numbers
Land Assessment
$499,392
Improvements Assessment
$1,113,228
Total Assessment
$1,612,620
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2401-2409 24th St
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