1106 E St Sacramento, CA 95814
17-unit building, high occupancy, strong NOI.
Property size:
5,500 SFProperty Features for 1106 E St
General Information
- Property type
- Multifamily properties
- Square Feet
- 5,500 SF
- Class
- C
Building Details
- Year Built/Renovated
- 1900/2024
- Buildings
- 1
- Stories
- 3
- Units
- 17
Listing Agent: Miguel Ugarte
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 17-unit multifamily investment property is located in the heart of Downtown Sacramento, just steps from the Golden 1 Arena and the vibrant Downtown Commons Entertainment District. The complex, built in 1900 and extensively renovated in 2024, comprises a mix of unit types: one large private studio and sixteen individually addressed junior studio units, all currently under long-term leases with a 95% occupancy rate. Each unit benefits from access to a shared, coin-operated laundry facility. The property boasts a total of 5,500 square feet across three stories, situated on a single building within an R3 zoned area. The asking price is $2,150,000, representing a price per unit of $126,470.59 and a price per square foot of $390.91. The property's strong financial performance is reflected in its Net Operating Income (NOI) of $157,031, yielding a 7.30% capitalization rate. Its prime location offers convenient access to major freeways (I-5 and Business 80), public transportation (light rail), and numerous acclaimed restaurants and shops. The property is also directly across from the Creamery rooftop development in the Alkali Flats neighborhood. Offers are subject to inspection and require proof of funds and a letter of intent from a reputable lending institution. Please do not disturb tenants.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.4894411043
- Latitude
- 38.585324792554
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FAQs
What type of property is this?
Multifamily property - 17-unit building, high occupancy, strong NOI.
Where is this multifamily property located?
The property is located at 1106 E St Sacramento, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Downtown Sacramento multifamily investment opportunity: 17-unit building (1 studio, 16 junior studios), 5,500 SF, 95% occupancy, $2,150,000 asking price.; Walking distance to Golden 1 Arena and Downtown Commons.; Each junior studio individually addressed, offering potential for SHRA funding.