Multifamily Apartment
6815 24th Street, Sacramento, CA 95822
For Sale
$6,195,000
R-3 zoning and wall-furnace heating are identified for this multi-unit property.
Property Size21,628 SF
Price / SF$286.43
Days on Market52
Property Features for 6815 24th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Amenities
Multi Units
Wall Furnace
Building Details
Building Size
Year Built
Buildings
Stories
Listed By:
Louis C. Kwok
(510) 387-7049
Source:
Evrealestate
Added: Sep 24
Changed: Nov 11
Last Checked: Nov 12 at 7:46AM
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 Louis C. Kwok
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.
This multifamily property contains multiple residential units and was built in 1969. Wall furnaces are listed among its interior features. The property has 21,628 square feet of reported building area.
Located at 6815 24th Street in Sacramento, the property is zoned R-3.
Located at 6815 24th Street in Sacramento, the property is zoned R-3.
Key Highlights
- 21,628 square feet of property area
- Built in 1969
- R‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$330,490
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,609,800
$6.6M
Cap Rate 7%
$4,721,286
$4.7M
Cap Rate 9%
$3,672,111
$3.7M
Market Conditions
NOI Build-Up for 21,628 SF
Gross rent
$635.9K $29.40/SF
− Vacancy
−$35.0K −$1.62/SF
EGI
$600.9K $27.78/SF
− OpEx
−$270.4K −$12.50/SF
NOI
$330.5K $15.28/SF
Area
ZIP 95822
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,609,800
Cap Rate 7%
$4,721,286
Cap Rate 9%
$3,672,111
Alternative Uses
Best Use
Apartment 5plus
$4.72M
$4.13M – $5.51M
NOI $330,490 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.76M
$5.04M – $6.72M
NOI $403,325 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Explore this area
Business Placement
Demographics for 95822, CA
45,215
Population
17,479
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
85%
High-School Grad
8.4 sq mi
ZIP Area
5,383
Density / Sq Mi
$80,835
Median Household Income
$44,004
Median Earnings
$1,537
Median Rent
$438,400
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Sacramento, CA
Properties on Market for Apartment buildings in Sacramento
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - R-3 zoning and wall-furnace heating are identified for this multi-unit property.
Where is this apartment building located?
The property is located at 6815 24th Street Sacramento, CA.
What is the asking price?
The asking price for this property is $6,195,000.
What are key features of this property?
This property features: 21,628 square feet of property area; Built in 1969; R‑3 zoning
