24-Unit Apartment
New
For Sale
$4,980,000
2323-2325 H Street, Sacramento, CA 95816
Residents have access to covered parking and an app-based laundry facility on site.
Property Size13,296 SF
Price / SF$374.55
Days on Market2
Property Features for 2323-2325 H Street
General Information
Standard status
Active
Size
13,296 SF
Total Parking Spaces
12
Property subtype
Residential Income
Zoning
R3A
Site & Location
Neighborhood
Boulevard Park
Highway Access
Yes
Additional Details
Multifamily Units
24
Amenities
on-site laundry
Carpet,Wood
2
1
Coin Operated
18
4
Sidewalk
Public
12.0
0.0
0.2938
Assessor Auto-Fill
Covered
Raised
Building Details
Year Built
1947
Stories
2
Listing Agency:
Brittain Commercial
Listed By:
James P Drazenovich · License #00891047
(916) 561-0204
Source:
Carlilerealty
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 3:34PM
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 Brittain Commercial
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Investment Insights
Based on property information with market context.
Braden Manor is a 24-unit apartment property totaling 13,296 square feet, built in 1947 and zoned R3A. Apartment interiors include gas stoves, dining areas beside the kitchens, generous wardrobe storage, and a mix of original wood floors and carpeting. Modern appliances, updated window coverings, and contemporary lighting complement period details. Laundry service is available on site through an app-based system.
The property at 2323-2325 H Street is in Sacramento, with freeway access nearby. Midtown destinations cited in the surrounding area include Sutter's Fort State Historic Park, McKinley Park, and Memorial Auditorium. The location has a Walk Score of 80 and a Bike Score of 90.
The community includes 12 covered off-street parking spaces. Residents contribute toward common-area maintenance costs.
The property at 2323-2325 H Street is in Sacramento, with freeway access nearby. Midtown destinations cited in the surrounding area include Sutter's Fort State Historic Park, McKinley Park, and Memorial Auditorium. The location has a Walk Score of 80 and a Bike Score of 90.
The community includes 12 covered off-street parking spaces. Residents contribute toward common-area maintenance costs.
Key Highlights
- 24 apartments across 13,296 square feet
- Built in 1947; zoned R3A
- 12 covered off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,854
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,177,080
$4.2M
Cap Rate 7%
$2,983,629
$3.0M
Cap Rate 9%
$2,320,600
$2.3M
Market Conditions
NOI Build-Up for 13,296 SF
Gross rent
$398.9K $30.00/SF
− Vacancy
−$19.1K −$1.44/SF
EGI
$379.7K $28.56/SF
− OpEx
−$170.9K −$12.85/SF
NOI
$208.9K $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 Rate 5%
$4,177,080
Cap Rate 7%
$2,983,629
Cap Rate 9%
$2,320,600
Alternative Uses
Best Use
Apartment 5plus
$2.98M
$2.61M – $3.48M
NOI $208,854 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.57M
$3.13M – $4.17M
NOI $250,098 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
24
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,437
Businesses Nearby
Explore this area
Business Placement
Demographics for 95816, CA
18,606
Population
11,553
Households
1.6
Avg Household Size
36
Median Age
65%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
6,891
Density / Sq Mi
$90,521
Median Household Income
$61,407
Median Earnings
$1,647
Median Rent
$789,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to covered parking and an app-based laundry facility on site.
Where is this apartment building located?
The property is located at 2323-2325 H Street Sacramento, CA.
What is the asking price?
The asking price for this property is $4,980,000.
What are key features of this property?
This property features: 24 apartments across 13,296 square feet; Built in 1947; zoned R3A; 12 covered off‑street parking spaces
