Property Details
About this Property
An opportunity to acquire 1421 G Street, a classic 3-story walk up apartment building in Mansion Flats, a desirable submarket of Downtown Sacramento, Ca. Built in 1916, this well preserved and Pride of Ownership property runs street to alley and fronts G Street, between 14th and 15th Street. 1421 resides on a .15/acre parcel and offers an investor 6-spacious one-bedroom/ one bath units ( approximately 1,000sf each) and a detached 5-car garage. All apartments units and garages are leased by working professionals, Income upside can be achieved through rent increases and the implementation of a utility reimbursement program. Current rents, on average are 20% below market rents averaging $1,512 a unit. With units this size and in this location, market rents should fetch $1,750 a month or $1.75 sf. Recent Capital Improvements include a new roof, new exterior paint, and a new rear stairwell. Please call or email listing broker for an Offering Memorandum
MLS Listing Information
MLS #
ML81848321
MLS Source
MLSListings, Inc.
Interior Features
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Raised
Parking, School, and Other Information
Garage/Parking
Detached, Metered or Fee, Garage: 5 Car(s)
Elementary District
Sacramento City Unified
High School District
Sacramento City Unified
Sewer
Public Sewer
Water
Public
Complex Amenities
None
Zoning
R-3A
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 6 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 1,000 | 1 | 1/0 | $1,500 | – | 6 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1421 G St is a Residential Income in Sacramento, CA 95814. This 6,000 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1916. This address can also be written as 1421 G St, Sacramento, CA 95814.
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This listing information is up-to-date as of July 02, 2024. For the most current information, please contact Kelly Rivett, (916) 606-8600
