Renovated 20-Unit Apartment
For Sale
Contact for pricing
1620 G ST, Sacramento, CA 95814
Renovated 20-unit complex with studio, one- and two-bedroom apartments, off-street parking, and on-site laundry.
Property Size12,287 SF
Price / SF$358.10
Days on Market119
Property Features for 1620 G ST
General Information
Standard status
Active
Size
12,287 SF
Property subtype
Multifamily
Zoning
R-3A-SPD
Net Operating Income
$220,355
Additional Details
Multifamily Units
20
Amenities
covered parking
on-site laundry
secured community
pool
Building Details
Year Built
1959
Year Renovated
2019
Buildings
1
Stories
2
Units
20
Tenancy
Multi
Listing Agency:
Colliers - Sacramento, California
Listed By:
Trevor Meleski · License #02245229
(916) 563-3071
Source:
Crexi
Added: May 13
Changed: Sep 8
Last Checked: Sep 8 at 3:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Sacramento, California
Investment Insights
Based on property information with market context.
This renovated 20-unit apartment complex features a unit mix of 4 studios, 14 one-bedroom apartments across four floor plans, and 2 two-bedroom units. Built in 1959, the property has undergone extensive renovations as of 2019, updating both exterior and interior areas into a modern, turn-key configuration. Units offer open floor plans with new vinyl plank flooring in living areas, kitchens, and bathrooms, along with carpeting in bedrooms. Kitchens and baths include updated six-panel doors, countertops, vanities, and showers, and units are equipped with stainless steel appliances and faucets, wall heating and air conditioning, and ceiling fans in the bedrooms. The community includes off-street parking options, on-site laundry facilities, secured entry features with redwood timber entry doors, and enhanced trim around a portion of the pool.
The property provides a Ratio Utility Billing System (RUBS) for recapturing some common area utility expenses, with each unit individually metered for gas and electricity. The owner is responsible for sewer, water, garbage, common area lighting, and water heating.
The complex includes off-street covered parking spaces available for lease and is presented as a fully renovated multifamily asset for an owner-operator or investor seeking a streamlined, updated offering.
The property provides a Ratio Utility Billing System (RUBS) for recapturing some common area utility expenses, with each unit individually metered for gas and electricity. The owner is responsible for sewer, water, garbage, common area lighting, and water heating.
The complex includes off-street covered parking spaces available for lease and is presented as a fully renovated multifamily asset for an owner-operator or investor seeking a streamlined, updated offering.
Key Highlights
- 16‑unit apartment complex built in 1959 with a mix of studio, 1‑bedroom, and 2‑bedroom units.
- Renovated in 2019 with exterior and interior updates, including new vinyl plank flooring in living areas, kitchens, and bathrooms.
- Unit mix: 4 studios, 14 one‑bedrooms across four floor plans, and 2 two‑bedroom units.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$193,004
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,860,080
$3.9M
Cap Rate 7%
$2,757,200
$2.8M
Cap Rate 9%
$2,144,489
$2.1M
Market Conditions
NOI Build-Up for 12,287 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$368.6K $30.00/SF
− Vacancy
−$17.7K −$1.44/SF
EGI
$350.9K $28.56/SF
− OpEx
−$157.9K −$12.85/SF
NOI
$193.0K $15.71/SF
Area
Sacramento, CA
Vacancy
4.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,860,080
Cap Rate 7%
$2,757,200
Cap Rate 9%
$2,144,489
Alternative Uses
Best Use
Apartment 5plus
$2.76M
$2.41M – $3.22M
NOI $193,004 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.30M
$2.89M – $3.85M
NOI $231,118 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,744
Businesses Nearby
Explore this area
Business Placement
Demographics for 95814, CA
12,208
Population
7,972
Households
1.5
Avg Household Size
38
Median Age
40%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
8,720
Density / Sq Mi
$46,637
Median Household Income
$57,500
Median Earnings
$1,226
Median Rent
$621,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 20-unit complex with studio, one- and two-bedroom apartments, off-street parking, and on-site laundry.
Where is this apartment building located?
The property is located at 1620 G ST Sacramento, CA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 16‑unit apartment complex built in 1959 with a mix of studio, 1‑bedroom, and 2‑bedroom units.; Renovated in 2019 with exterior and interior updates, including new vinyl plank flooring in living areas, kitchens, and bathrooms.; Unit mix: 4 studios, 14 one‑bedrooms across four floor plans, and 2 two‑bedroom units.
