Victorian Office Building with
2131 L Street Sacramento, CA 95816
2131 L Street, Sacramento, CA, 95816
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For Sale
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Victorian-style office building with an on-site parking lot and flexible zoning in Midtown’s Capitol Mansions area.
Property Size3,260 SF
Price / SF$460.12
Days on Market86
Property Features for 2131 L Street
General Information
- Standard status
- Active
- Size
- 3,260 SF
- Property subtype
- Office
Listing agency
Turton Commercial Real Estate
(916) 474-5024
Listed by
Ken Turton · License #CA 01219637
Source
Crexi
Added: Apr 29 Updated: Jul 22 at 7:13PM Checked: Jul 22 at 7:13PM
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 Turton Commercial Real Estate
Investment Insights
Based on property information with market context.
This Victorian office building offers a straightforward office setting with an included parking lot. The property is described as having flexible zoning, which may support a range of development possibilities depending on approvals.
Located at 2131 L Street in Sacramento’s Midtown area within the Capitol Mansions Neighborhood, the building’s off-street parking can be a practical convenience for daily access.
As an office property with parking and flexible zoning, it may be of interest to buyers evaluating both an existing office use and potential future redevelopment directions, subject to applicable requirements.
Located at 2131 L Street in Sacramento’s Midtown area within the Capitol Mansions Neighborhood, the building’s off-street parking can be a practical convenience for daily access.
As an office property with parking and flexible zoning, it may be of interest to buyers evaluating both an existing office use and potential future redevelopment directions, subject to applicable requirements.
Key Highlights
- Victorian‑style office building
- Includes an on‑site parking lot
- Flexible zoning with potential development upside
Local Financial Insights For Office B
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 | $70.4k | $21.60 |
| − Vacancy | −$11.2k | −$3.43 |
| EGI | $59.2k | $18.17 |
| − OpEx | −$14.8k | −$4.54 |
| NOI | $44.4k | $13.62 |
3,260 SF · lease $21.60/SF/yr · vacancy 15.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$634.5K
$555.2K – $740.3K
NOI $44,415 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$876.0K
$766.5K – $1.02M
NOI $61,321 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Criminal Justice Legal ...
Charitable Organization
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FAQs
What type of property is this?
Office building - Victorian-style office building with an on-site parking lot and flexible zoning in Midtown’s Capitol Mansions area.
Where is this office building located?
The property is located at 2131 L Street Sacramento, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Victorian‑style office building; Includes an on‑site parking lot; Flexible zoning with potential development upside
