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2823 U St 10 Unit Apartment Building $1,495,000 ($149,500/Unit) Sacramento, CA 95817
Investment Highlights
- Value-Add Rental Upside – Opportunity to increase revenue through continued interior renovations, creating significant future income growth.
- Desirable Unit Mix – Efficient one- and two-bedroom floorplans appeal to Sacramento's largest renter demographic and long term occupancy / growth
- Prime Midtown / East Sacramento Location – Highly walkable location near restaurants, nightlife, employment centers, public transportation, etc.
Executive Summary
The DeLoney Group of Marcus & Millichap has been retained to list fee simple interest in 2823 U Street, a well-located 10-unit apartment community in one of Sacramento's most desirable urban neighborhoods. Situated just blocks from the vibrant Midtown corridor and in close proximity to East Sacramento, the property benefits from strong tenant demand driven by its walkability, access to major employment centers, and proximity to Sacramento's best dining, retail, and entertainment amenities.
The property offers a compelling value-add opportunity through continued unit renovations and rent growth. Current operations indicate meaningful upside as units are modernized and rents are aligned with surrounding market-rate properties. The underwriting projects a significant increase in net operating income through a combination of rental upside, utility reimbursements, and operational efficiencies, creating a clear path to enhanced cash flow and long-term appreciation. Please do not disturb management or residents.
All tours must be scheduled through David DeLoney.
The property offers a compelling value-add opportunity through continued unit renovations and rent growth. Current operations indicate meaningful upside as units are modernized and rents are aligned with surrounding market-rate properties. The underwriting projects a significant increase in net operating income through a combination of rental upside, utility reimbursements, and operational efficiencies, creating a clear path to enhanced cash flow and long-term appreciation. Please do not disturb management or residents.
All tours must be scheduled through David DeLoney.
Property Facts
| Price | $1,495,000 | Building Class | C |
| Price Per Unit | $149,500 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 7,980 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 0.6/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C-2-SPD | ||
| Price | $1,495,000 |
| Price Per Unit | $149,500 |
| 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 | 7,980 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 0.6/1,000 SF |
| Zoning | C-2-SPD |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 6 | - | - |
| 2+1 | 3 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 010-0123-014 | Improvements Assessment | $962,067 |
| Land Assessment | $267,841 | Total Assessment | $1,229,908 |
Property Taxes
Parcel Number
010-0123-014
Land Assessment
$267,841
Improvements Assessment
$962,067
Total Assessment
$1,229,908
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