Boutique Multifamily with Detached
For Sale
$1,849,000
2423 L Street, Sacramento, CA 95816
Six remodeled studio apartments plus two newly built detached ADUs provide a mix of existing rentals and new construction.
Property SizeContact for details
Days on Market114
Property Features for 2423 L Street
General Information
Standard status
Active
Property subtype
Multi-Family
Site & Location
Neighborhood
Midtown / Winn Park / Capital Avenue
Fenced Yard
Yes
Additional Details
Multifamily Units
8
Amenities
Varies by Unit
Central
Electric, Natural Gas Connected
Building Details
Year Built
1900
Stories
3
Tenancy
Multi
Listing Agency:
Collier's International
Listed By:
Matthew Sarro · License #01942991
(916) 616-5267
Source:
Kw
Added: Jul 3
Changed: Oct 21
Last Checked: Oct 23 at 5:04PM
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 Collier's International
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
2423 L Street is a boutique multifamily property featuring six large studio apartments in the front building. The studio units have been tastefully remodeled, supporting an efficient rental layout.
Behind the main structure are two newly constructed, detached ADUs. Each ADU offers a 2-bedroom/1-bathroom design with approximately 600 square feet of living area.
Recent capital improvements include a new roof on the front building (2024), replacement and upsizing of the sewer lateral with new 4-inch ABS piping (2026), and a main building electrical upgrade with Square D panels (2019). The property also includes extensive dry rot remediation, a complete exterior repaint (2026), updated landscaping with new plantings, and all-new perimeter fencing (2026). Four of the six studio units have been renovated, complementing the two newly completed ADUs.
Behind the main structure are two newly constructed, detached ADUs. Each ADU offers a 2-bedroom/1-bathroom design with approximately 600 square feet of living area.
Recent capital improvements include a new roof on the front building (2024), replacement and upsizing of the sewer lateral with new 4-inch ABS piping (2026), and a main building electrical upgrade with Square D panels (2019). The property also includes extensive dry rot remediation, a complete exterior repaint (2026), updated landscaping with new plantings, and all-new perimeter fencing (2026). Four of the six studio units have been renovated, complementing the two newly completed ADUs.
Key Highlights
- Six studio apartments plus two newly constructed detached ADUs for 8 total rental units
- Two detached ADUs include modern 2‑bedroom/1‑bath layouts with about 600 SF each
- Four of the six studio units have been renovated
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
7,671
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Six remodeled studio apartments plus two newly built detached ADUs provide a mix of existing rentals and new construction.
Where is this apartment building located?
The property is located at 2423 L Street Sacramento, CA.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: Six studio apartments plus two newly constructed detached ADUs for 8 total rental units; Two detached ADUs include modern 2‑bedroom/1‑bath layouts with about 600 SF each; Four of the six studio units have been renovated
