1507-1509 Eggplant Aly & 1508-1510 St Sacramento, CA 95814
- Apartment buildings
- 4,600 SF
- 0.15 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1507-1509 Eggplant Aly & 1508-1510 St
- Year built
- 1890
- Lot size
- 0.15 lot acres
- Property size
- 4,600 SF
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity presents two buildings totaling approximately 4,600 square feet on a 0.15-acre lot in Sacramento's vibrant Midtown. The property comprises four units: two newly constructed, luxurious 2-bedroom, 1.5-bathroom townhomes (each 1,050 square feet) with an attached 3-car garage, and two remodeled 3-bedroom, 1-bathroom units (each 1,250 square feet). The 3-car garage generates supplemental income. Built in 1890 and extensively renovated in 2022, the property boasts secured access with padlocks. The asking price is $1,695,000, representing a price per unit of $423,750 and a 5.76% cap rate based on a Net Operating Income (NOI) of $97,599. Monthly income is approximately $10,655. Tenants are responsible for gas and electricity
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Yolo
- State
- California
- Longitude
- -121.484
- Latitude
- 38.5833
