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3322 Y St 16 Unit Apartment Building $2,495,000 ($155,938/Unit) Sacramento, CA 95817
Investment Highlights
- Prime Med Center Location - Walking distance to UC Davis Medical Center and Minutes to East Sacramento, Midtown and Downtown Sacramento
- Onsite Laundry - 10 Off Street Parking Spaces
- Proven Value-Add Opportunity - Demonstrated Achievable Rental Upside
Executive Summary
The DeLoney Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire 3322-3326 Y Street, a well-maintained 16-unit apartment community located in the North Oak Park / Med Center submarket of Sacramento, California.
Originally constructed in 1960 and situated on approximately 0.28 acres across two separate parcels, the property consists of sixteen apartment homes comprised of twelve one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. The property offers an attractive and efficient unit mix that continues to experience strong rental demand from medical professionals, students, and young professionals seeking proximity to major employment centers and neighborhood amenities.
Current ownership has completed selective interior renovations throughout the property, with upgraded units featuring quartz countertops, stainless steel appliances, and modern finishes. All units benefit from original wood flooring. Residents enjoy desirable amenities including onsite laundry facilities and convenient off-street parking accessed from the rear alley.
Residents benefit from the property's exceptional location just blocks from the UC Davis Medical Center campus, one of Sacramento's largest employment hubs. The property is also conveniently positioned near East Sacramento's popular dining, retail, and entertainment destinations along Folsom Boulevard and Alhambra Boulevard, while maintaining quick access to Downtown Sacramento, Midtown, Highway 50, and Business 80.
All tours must be scheduled through The DeLoney Group. Please not disturb management or residents.
Originally constructed in 1960 and situated on approximately 0.28 acres across two separate parcels, the property consists of sixteen apartment homes comprised of twelve one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. The property offers an attractive and efficient unit mix that continues to experience strong rental demand from medical professionals, students, and young professionals seeking proximity to major employment centers and neighborhood amenities.
Current ownership has completed selective interior renovations throughout the property, with upgraded units featuring quartz countertops, stainless steel appliances, and modern finishes. All units benefit from original wood flooring. Residents enjoy desirable amenities including onsite laundry facilities and convenient off-street parking accessed from the rear alley.
Residents benefit from the property's exceptional location just blocks from the UC Davis Medical Center campus, one of Sacramento's largest employment hubs. The property is also conveniently positioned near East Sacramento's popular dining, retail, and entertainment destinations along Folsom Boulevard and Alhambra Boulevard, while maintaining quick access to Downtown Sacramento, Midtown, Highway 50, and Business 80.
All tours must be scheduled through The DeLoney Group. Please not disturb management or residents.
Property Facts
| Price | $2,495,000 | Building Class | C |
| Price Per Unit | $155,938 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 9,600 SF |
| No. Units | 16 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1959 |
| Apartment Style | Low-Rise | Parking Ratio | 1.04/1,000 SF |
| Zoning | R2A, Sacramento | ||
| Price | $2,495,000 |
| Price Per Unit | $155,938 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 9,600 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.04/1,000 SF |
| Zoning | R2A, Sacramento |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 550 |
| 2+1 | 4 | - | 750 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $716,468 | |
| Land Assessment | $162,478 | Total Assessment | $878,946 |
Property Taxes
Parcel Numbers
Land Assessment
$162,478
Improvements Assessment
$716,468
Total Assessment
$878,946
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