Renovated 20-Unit Apartment
1620 G ST Sacramento, CA 95814
For Sale
Contact for pricing
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 Market74
Property Features for 1620 G ST
General Information
- Standard status
- Active
- Size
- 12,287 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1959
Listing Agency:
Colliers - Sacramento, California
(916) 830-2584
Listed By:
Trevor Meleski · License #02245229
Source:
Crexi
Added: May 13
Changed: Jul 23
Last Checked: Jul 24 at 5:49PM
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $368.6k | $30.00 |
| − Vacancy | −$17.7k | −$1.44 |
| EGI | $350.9k | $28.56 |
| − OpEx | −$157.9k | −$12.85 |
| NOI | $193.0k | $15.71 |
12,287 SF · lease $30.00/SF/yr · vacancy 4.80% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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.
