Multifamily Apartment
For Sale
$6,195,000
6815 24th Street, Sacramento, CA 95822
R-3 zoning and wall-furnace heating are identified for this multi-unit property.
Property Size21,628 SF
Price / SF$286.43
Days on Market13
Property Features for 6815 24th Street
General Information
Standard status
Active
Size
21,628 SF
Total Parking Spaces
42
Property subtype
Residential Income
Zoning
R-3
Amenities
Multi Units
Wall Furnace
Building Details
Building Size
21,628 SF
Year Built
1969
Buildings
8
Stories
1
Listed By:
Louis C. Kwok
(510) 387-7049
Source:
Evrealestate
Added: Sep 24
Changed: Sep 26
Last Checked: Oct 5 at 6:11PM
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
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
Hotel Hospitality
$168.57M
$147.50M – $196.66M
NOI $11,799,692 @ 7.0% cap · market cap 190.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
