601 10th St Sacramento, CA 95814-0766

Property Details for 601 10th St

Year built

1890

Construction

WOOD FRAME

Lot size

0.08 lot acres

Property size

3,300 SF

Zone code

R-3A-SPD

Property type

Residential income homes

Property subtype

Serviced apartments

APN

002-0155-032-0000

APU

201550320000

Description

This exceptional 13-unit apartment building, located at 601 10th Street in Sacramento, CA 95814, presents a compelling investment opportunity. The 3,300 square foot, three-story Colonial Revival building boasts a 7.65% cap rate based on actual net operating income (NOI) of $107,128. Currently operating at 100% occupancy, the property features 13 single-room occupancy (SRO) units, each equipped with a kitchenette including a sink and refrigerator. Updated full bathrooms are conveniently located on both the first and second floors. Tenant convenience is maximized with included high-speed internet and utilities. A full basement provides coin-operated laundry facilities, secure storage, and bicycle storage, offering significant potential for expansion. Additional amenities include a gated parking area with two spaces and a tenant balcony. Situated on a 0.08-acre lot (APN 002-0155-032), this centrally located property offers easy access to key Sacramento landmarks such as Cesar Chavez Plaza, the State Capitol, DOCO, Kaiser Downtown Medical Center, and Golden One Arena. The property is zoned R-3A-SPD and was built in 1890. Inspection reports are available upon request. Asking price is $1,400,000 ($424.24/sq ft). This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a prime Sacramento location.

Location Insight

City

Sacramento

County

Sacramento

State

California

Longitude

-121.491

Latitude

38.5845

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments