2401 24th St Sacramento, CA 95818

Listing agency Marcus & Millichap Real Estate d***@marcusmillichap.com Show Phone

Listed by David DeLoney · License #License(s): CA: 02045150, NV: S.0197287 Show Phone

Source Marcusmillichap

Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 2:58AM

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Investment Insights

Based on property information with market context.

This well-maintained 10-unit apartment community is ideally located minutes from Downtown Sacramento and the California State Capitol. The property features a diverse unit mix of one-bedroom, two-bedroom, and studio floor plans. It offers investors a compelling value-add opportunity driven by both operational and rental upside, while benefiting from strong in-place fundamentals and an irreplaceable infill location. The property is in excellent physical condition, with select units recently renovated, reducing immediate capital expenditure requirements. The property also features garage parking, a highly sought-after amenity in Midtown Sacramento where secure parking is limited. Average rent at the property is below market, presenting a clear pathway to revenue growth through strategic management, unit interior upgrades upon turnover, and thoughtful rent realignment to market levels. This property provides investors with the rare combination of stable occupancy, strong physical integrity, and meaningful upside potential in one of California’s most dynamic and supply-constrained rental markets.

Key Highlights

• Value‑add opportunity through rent increases and unit upgrades
• Excellent physical condition with recent renovations reduces immediate capital expenditures
• Irreplaceable infill location minutes from Downtown Sacramento and the California State Capitol

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FAQs

What type of property is this?

Apartment building - Well-maintained 10-unit apartment community near Downtown Sacramento.

Where is this apartment building located?

The property is located at 2401 24th St Sacramento, CA.

What is the asking price?

The asking price for this property is $1,825,000.

What are key features of this property?

This property features: Value‑add opportunity through rent increases and unit upgrades; Excellent physical condition with recent renovations reduces immediate capital expenditures; Irreplaceable infill location minutes from Downtown Sacramento and the California State Capitol